FRANKFURT (dpa-AFX) - SAP shares fell by 1.6 percent on Friday morning on the Tradegate trading platform compared to the Xetra close to just over 175 euros. In addition to a general weakness in tech stocks as a result of dampened hopes of an imminent US interest rate cut, an article in the "Handelsblatt" ("HB") weighed on the Walldorf software company's shares, according to a trader. Nevertheless, the critical points made in the article are not really new for SAP, as "Manager Magazin" recently made similar comments on the problems.

"SAP is more valuable than ever. But behind the corporate façade, the problems are piling up: Customer dissatisfaction is growing, employees are annoyed, and technologically, the competition is growing," wrote the "Handelsblatt".

It was only towards the end of March that SAP set a record high of just over 184 euros. Despite the moderate share price losses since then, SAP is still one of the best DAX stocks of 2024 with an annual gain of more than a quarter. With a market capitalization of around 208 billion euros as of Friday's closing price, SAP is also the most valuable listed company in the DAX./mis/men