Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  SAP SE    SAP   DE0007164600

SAP SE (SAP)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

IBM surprised by Avantor lawsuit, calls claims exaggerated

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2012 | 09:36pm CET

IBM, which is being sued by chemicals manufacturer Avantor Performance Materials for fraud and breach of contract in connection with a software project, said the accusations were blown out of proportion and that it was surprised by the move.

"We believe the allegations in the complaint are exaggerated and misguided and are surprised that Avantor chose to file suit," the company said late on Friday in an emailed statement.

IBM said it had "met its contractual obligations and delivered a solution that Avantor continued to use in its operations."

Avantor, which produces chemicals and raw materials for pharmaceutical products, laboratory chemicals and chemicals used in the electronics industry, filed a lawsuit on Thursday in the U.S. District Court for the District of New Jersey.

It said it was seeking tens of million in damages from IBM, which according to the lawsuit, had misrepresented the capabilities of a software program that runs on a platform by SAP, resulting "in a near standstill" of Avantor's business.

(Reporting By Nicola Leske; Editing by Vicki Allen)

Stocks treated in this article : International Business Machines Corp., SAP AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAP SE
12/02 SAP : Penalty Insights Keeps an Eye on the Ball; Now Available at SAPStore.com
12/02 SAP INDIA EMBRACES ‘1BLIVES&RS : Associates with Ramesh Nimmagadda Cancer ..
12/01 SAP : Delaware Consulting Selected by SAP to Sell SAP S/4HANA® Cloud
12/01 SAP : Combined Synopsis/Solicitation - Business Objects Software
12/01 NETS TECH : Combine Solicitation - Business Objects Software
11/30 SAP : Coding Skills for Over 430,000 Young Africans and Refugees in the Middle E..
11/30 SAP : BackOffice Associates Propels SAP S/4HANA Cloud Deployments
11/29 SAP : BackOffice Associates Propels SAP S/4HANA® Cloud Deployments
11/29 SAP : Stratasys distributed manufacturing innovation across 3D printing labs
11/29 SAP : Simplifies Mentoring to Help Advance Talent Development
More news
Sector news : Enterprise Software
12/04DJArtificial Intelligence Makes Strides, but Has a Long Way to Go
12/01DJEU Likely to Clear Microsoft-LinkedIn Deal
12/01DJMicrosoft, Intel, IBM Push Back on China Cybersecurity Rules
12/01DJMicrosoft, Intel, IBM Push Back on China Cybersecurity Rules
12/01DJCHECK POINT SOFTWARE TECHNOLOGIES : Malicious App Software Seizes Google Account..
More sector news : Enterprise Software
News from SeekingAlpha
12/01 Invesco International Growth Fund A (AIIEX) November Summary
12/01 Is This The Last Chance To Buy Cerner At Such A Low Price?
11/18 SAP AG (SAP) Investor Presentation - Slideshow
10/31 Internet Of Things Is The Future For SAP
10/25 SAP AG 2016 Q3 - Results - Earnings Call Slides
Advertisement
Financials (€)
Sales 2016 22 003 M
EBIT 2016 6 289 M
Net income 2016 3 814 M
Debt 2016 3 616 M
Yield 2016 1,58%
P/E ratio 2016 23,62
P/E ratio 2017 20,57
EV / Sales 2016 4,46x
EV / Sales 2017 4,08x
Capitalization 94 521 M
More Financials
Chart SAP SE
Duration : Period :
SAP SE Technical Analysis Chart | SAP | DE0007164600 | 4-Traders
Full-screen chart
Technical analysis trends SAP SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 85,2 €
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
William R. McDermott Chief Executive Officer
Hasso Plattner Chairman-Supervisory Board
Christian Klein Chief Operating Officer
Luka Mucic Chief Financial Officer
Thomas Saueressig Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SAP SE5.66%100 767
ORACLE CORPORATION5.39%158 067
INTUIT INC.17.80%29 070
SERVICENOW INC-3.94%12 594
CONSTELLATION SOFTWARE..6.51%9 668
THE SAGE GROUP PLC7.46%8 790
More Results