SAP Joined Euro Stoxx 50

August 2, 2004 by admin

The Stoxx 50 Index, which contains the 50 largest, publicly traded companies in the euro zone, is the benchmark index in Europe. SAP has been considered the favorite to join the index for some time; the only question was when a place would become available. In the next few days, demand for an additional 12-13 million SAP shares is anticipated, as Stoxx 50-based index funds include SAP in their portfolios. The stocks recently rose 2.3% to €126.20, as a result of positive second-quarter results. The Deutsche Bank anticipates a price of €150, and other investment banks concur. Analysts assume that SAP, due to its dominant market share, will play a dominant role in the market in the coming years. The recently announced cooperation with Microsoft also deescalates the competition between the two companies. SAP has been able to show growing demand while its competitors have been complaining about a difficult economy. Especially in the U.S., SAP has been able to gain market share.

Quelle: SAP AG

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