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FRANKFURT, July 23 (Reuters) - Germany`s state supervisory office for share trading is investigating whether business software maker SAP AG violated share trading law, the Berliner Zeitung daily newspaper said on Monday. Germany`s SAP said on Saturday it had to revise down its reported first-half net profit, taking into account losses by 20-percent-owned Commerce One Inc. . In an advance release of an article from its Tuesday edition, Berliner Zeitung said the supervisory office would examine whether SAP should have issued the profit revision earlier as it could influence the company`s share price. There was no comment immediately available from the supervisory office. A spokesman for SAP said the company saw nothing in the revision which could have moved its share price and required it to issue a formal announcement over the stock exchange`s electronic information service. Reuters reported the profit revision after confirming the contents of a newspaper article with SAP on Saturday. Analysts said the revision was a non-cash accounting charge, below the operating line and that it did not affect the group`s profitability. "It makes no difference to the cash flow or the profitability of the business. We consider it largely immaterial," said Credit Suisse First Boston analyst Matthew Hammond. By 1800 GMT on Monday, SAP shares were 1.99 percent higher, making them the third-biggest gainers on the DAX index of blue chip stocks. SAP on Monday clarified the downward revision to its first-half net profit was around $90 million, rather than the figure of 90 million euros ($78.12 million), which a company spokesman gave on Saturday. The revision came after Commerce One, which makes software that powers online marketplaces, on Thursday reported a greater-than-expected net loss of $2.06 billion in the second quarter, including charges. It cited in part the global economic slowdown. SAP also reported its second-quarter and first-half results on Thursday. ((Frankfurt Newsroom +49 69 756525, frankfurt.newsroom@reuters.com)) ($1=1.152 Euro) REUTERS *** end of story *** |
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| aus der Diskussion: | Untersuchung gegen SAP |
| Autor (Datum des Eintrages): | Toppgun (23.07.01 23:05:52) |
| Beitrag: | 1 von 61 (ID:4036077) |
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