Web services downgrade for SAP - Loosely Coupled weblog, Mar 3rd 2004 10:50am: "Analysts at London-based broker Dresdner Kleinwort Wasserstein have downgraded SAP stock because of web services. They reiterated a 'sell' rating on SAP AG (SAPG.F) today, citing a price target 10 percent below the current market price.
'According to Dresdner Kleinwort Wasserstein's research note published this morning, one of the core markets for SAP in the long term is web services-based composite applications,' reports online information site New Ratings. 'The analysts mention that new applications are likely to provide limited revenue growth opportunities for SAP in the long term, given that these applications need to be highly commoditized and standardized.' "
Via Barry Briggs