SAP shifts board's duties to boost Internet strategy

Article Abstract:

SAP AG has carried out a reshuffling of its executive board member responsibilities in order to accelerate the development of new Internet products. SAP has been struggling to expand into this rapidly-expanding market. Chairman Henning Kagermann will assume responsibility for worldwide sales. In the past, the responsibility for the different regions was assigned to board members. In addition, SAP's co-chairman Hasso Plattner will take sole responsibility for the company's Internet strategy, called mySAP.com.

Comment:

Carries out reshuffling of executive board member responsibilities

Germany, Management dynamics, Management, SAP AG

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Baan posts quarterly loss as software sales tumble

Article Abstract:

Baan NV reported a net loss of $9.2 million (8.7 million euros) for the second-quarter of 1999. The net loss roughly matched what analysts had predicted. Baan also saw business software sales drop sharply. The Dutch-based firm is currently implementing a difficult restructuring. Baan's quarterly loss represents the fourth consecutive quarter in which it has posted a loss. During the same period in 1998, Baan posted $17.1 million in profits.

Comment:

Reports net loss of $9.2 million (8.7 million euros) for second-quarter of 1999

Netherlands, Sales, profits & dividends, Finance, Baan Company N.V.

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