SAP stock swoons as warning issued
SAP AG warned analysts yesterday that sales would likely slump with the economy, and the company's stock price has not yet recovered. Shares fell 13% to $39.68 on the news, and the swoon continued today with another 6.5% drop. In a statement, co-CEO Henning Kagermann said market developments "triggered a very sudden and unexpected drop in business activity at the end of the quarter."
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Archrival Oracle was also slammed on the SAP news, with its shares falling 6% yesterday to $18.30. In its statement, SAP said it expects third-quarter worldwide software revenue to come in between $1.02 billion and $1.04 billion, up 4% to 5% over the year-ago period. Analysts had expected 20% growth. SAP's third quarter ended Sept. 30.
Nortel, Westcon train partners for healthcare market
Westcon Group and Nortel have launched a joint initiative to train resellers to more effectively target the healthcare industry -- a market that is especially fertile because of aging network infrastructure and a growing patient population. The MobilityPoint program offers a series of seminars in major U.S. cities throughout October and November that run down opportunities for deploying VoIP and mobile technology in healthcare settings.
Wireless networks are especially useful in hospitals, because staff is always on the move, needs constant access to patient information and must be able to track mobile equipment. Nortel has gotten involved because its IP Mobility Solution automates the delivery of real-time information to physicians and clinicians on the move.
Imperva launches channel program
Data security vendor Imperva this week announced PartnerSphere, a worldwide channel program for Imperva partners selling firewall and database security products. PartnerSphere gives Imperva partners deal registration, discounted margins, an online portal, presales support, sales and technical training and other perks. The Redwood Shores, Calif.-based company also unveiled SecureSphere Standard Edition, which it calls a "channel-ready" version of its Web application firewall product.
Nexsan turns archiving software into a service
Nexsan Technologies will begin offering Archiving as a Service using its new Assureon archiving software, SearchStorage.com reported yesterday. Assureon 6.0 is targeted at service providers and organizations that want to offer Archiving as a Service for internal users. The new version of the archiving software lets service providers separate data from different customers stored on hard disk. It also includes a new file system that eliminates object limits.
Nexsan typically sells Assureon archiving software on an appliance to work in concert with its hardware. With version 6.0 of Assureon, Nexsan seeks to take advantage of the growing Software as a Service trend.
Check out yesterday's IT channel news briefs.