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Sap Ceo Sees Company Staying Independent In Long Term -Paper


Ron Burgundy
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CEO of German software group SAP McDermott attends a news conference in FrankfurtFRANKFURT (Reuters) - German software maker SAP will remain an independent company in the long term, its chief executive told a German newspaper. "I believe so, absolutely," Bill McDermott told weekly Euro am Sonntag in an interview published on Saturday. "The best way for a company to stay independent is to grow and to have a good market capitalization," he added. With a market capitalization of 70.5 billion euros ($86.6 billion), SAP is the fifth-largest company in Germany's large cap DAX index. ...




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