Market Currents

• Wednesday, December 9, 2009

• 08:46 AM Microsoft (MSFT) and SAP will appear before EU regulators tomorrow to air their views on Oracle's (ORCL) plan to buy Sun Microsystems (JAVA) for $7B, sources say. The EC objected to the hook-up, saying the combination of Sun's MySQL database product and Oracle's products could squeeze competition in the database market, and is set to rule on the merger by Jan. 27. Comment!

• Wednesday, October 28, 2009

• 09:00 AM Premarket gainers: QTM +12%. RFMD +6%. PNRA +5%.
  Losers: ILMN -18%. AIB -15%. APOL -15%. VCLK -14%. IRE -14%. AIXG -9%. CVM -8%. SAP -7%. PVTB -6%. TKS -6%. ALU -5%. DAI -5%. PUK -5%. LVLT -6%. MEE -4%. FRE -4%. Comment!
• 06:29 AM SAP AG (SAP): Q3 net income of €435M vs. consensus of €454M. Sales of €2.51B vs. €2.63B. "While we are seeing signs of stabilization in the general environment, the market remains difficult. q3 software and software-related service revenues came in lower than we expected mainly because of a particularly challenging environment in the emerging markets and Japan." Shares -7.6% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ASH, BWA, CCE, CHINA, CNP, COP, EPD, GD, GT, HES, IP, IPG, JNY, LAZ, LVLT, MWV, NWL, NXY, NYB, OC, PEG, PX, Q, SAP, SEPR, SO, SPIL, SPW, UMC, WLP, WYN Comment!

• Wednesday, July 29, 2009

• 06:48 AM SAP AG (SAP): Q2 net profit of €423M vs. €408M a year ago and consensus of €385M. Revenue of €2.58B (-10%) vs. €2.64B. Software revenue of €543M (-40%) vs. consensus of €556M. Operating margin 27.7%. Sees full-year operating margin of 25.5-27%, up from previous guidance of 24.5-25.5%. Shares +1.8% in Frankfurt. (DJ) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AMT, ARW, BPO, BWA, CCE, COP, EQT, GD, HES, HL, HSP, IACI, JNY, MCO, MDCO, MHS, MT, MWV, NYB, PAG, PX, Q, RCL, S, SAP, SEE, SLAB, SMG, SO, SPIL, TEL, TLM, TWC, TWX, UMC, VPHM, WLP, WPI, WYN Comment!

• Monday, July 20, 2009

• 05:35 AM Business-software giant SAP (SAP) offers to acquire SAF Simulation, Analysis & Forecasting AG for €11.50 per share, a 9.5% premium over SAF's closing price on Friday. Two major SAF holders with a total 38% of shares agree to vote for the deal. Comment!

• Thursday, July 9, 2009

• 09:00 AM Premarket gainers: RIGL +18%. AXL +16%. NVAX +12%. HBAN +11%. CTIC +10%. HGSI +8%. SOL +6%. SKS +6%. AA +6%. ALU +6%. TJX +6%. AAUK +6%. GNW +5%. DB +5%. SAY +6%. TGT +4%. ESLR +4%. SAP +4%. YGE +4%. CLF +4%. MT +4%. ABB +4%. X +4%. F +4%. GOLD +4%. ICE +4%.
  Losers: ELX -14%. AIG -4%. Comment!

• Wednesday, July 8, 2009

• 11:21 AM SAP (SAP +2.7%) gets a lift from Jefferies analyst Ross MacMillan, who predicts Q2 will end SAP's year-over-license declines. MacMillan also notes that at 12x forward earnings, shares are at their lowest price compared to rival Oracle (ORCL -1%) in half a decade. Comment!

• Sunday, June 28, 2009

• 15:47 PM In a direct attack on its German rival SAP AG (SAP), NetSuite (N) plans to announce this week a government-approved suite of financial-accounting services and business apps for German companies and multinationals doing business there. Comment!

• Tuesday, June 23, 2009

• 16:06 PM Oracle (ORCL): FQ4 EPS of $0.46 beats by $0.02. Revenue of $6.9B vs. $6.47B. Operating margin +2.4 points to 51%. Says it took market share from rival SAP AG (SAP) in every region. Shares -0.9% AH. (PR) Comment!

• Tuesday, May 12, 2009

• 09:59 AM There's speculation Microsoft's (MSFT) debt issue is a precursor to a bid for software firm SAP (SAP). Steve Ballmer responds "that is just market rumor and market talk, and I will leave it at that. I have nothing to say of rumors of acquisitions, positively or negatively." Comment!

• Wednesday, April 29, 2009

• 09:00 AM Premarket losers: ETFC -25%. MTG -9%. BCRX -8%. BWLD -8%. PNRA -6%. AET -6%. PMTC -5%. TXT -4%. NVAX -4%. SAP -4%. MT -4%. Comment!
• 03:40 AM SAP AG (SAP): Q1 EPS of $0.22 misses by $0.07. Revenue of $2.4B (-4%) vs. $2.6B. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABX, AET, AMG, AMT, ARW, BHI, BKC, CNP, ENDP, FCN, GD, GT, HES, IACI, JNY, MCO, MHS, MT, MTG, MWV, NYB, PX, Q, RAI, RDS.A, ROK, SAP, SEE, SI, SO, SPIL, SPW, TEL, TLM, TWC, TWX, UMC, VPHM, WMI, WYE, WYN Comment!

• Monday, April 27, 2009

• 14:14 PM SAP (SAP) had a weak finish to Q1, analyst Yun Kim says, predicting Q1 license revenue will come in well below the current consensus of €500M. Kim also says SAP's pipeline for the rest of the year seems weak, which could further impact margins. SAP -4% to $39.89. Comment!