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SAP (SAP) Co-CEO Leo Apotheker told reporters at a briefing in New York that the economy is showing signs of "stabilization," Reuters reports. "We'll probably start to see some glimmers of hope in the second half of the year for the global economy."
The SAP exec also played down speculation about an acquisition of the giant software company, asserting that it should remain independent. "Our customers believe an independent SAP is the best value they can get," he said.
Meanwhile, Apotheker asserted that Oracle's (ORCL) pending acquisition of Sun Microsystems (JAVA) would not have a big impact on the market for IT hardware and software, and that customers do not want to buy from a vertically integrated tech company. "I'm sorry to disappoint you," he said. "It won't affect the industry much."
SAP is up 91 cents, or 2.3%, to $40.17.
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