The shares of SAP and other technology companies on Wednesday in the vortex of bad figures from the U.S. company Oracle has been pulled down.Shares of SAP slipped in the morning at 3.72 percent to 40.920 € and was the weakest value in the benchmark index DAX. The title of the Software AG have been drawn about the TecDax of minus 3.37 percent at 27.690 € affected. The European technology sector was the weakest sector by around one percent.

The U.S. database specialist Oracle had disappointed the night before with weak sales and earnings figures. In the fiscal second quarter (September to November), the turnover had grown by only two percent. The Group has increased its sales of software licenses over the same period last year barely.

One dealer commented: “The Oracle numbers were very weak and burdened not only SAP, but the entire technology sector today.” Real Time Oracle shares had already lost 7 percent. Credit Suisse lowered as a result the target for the Oracle titles, but would leave the title to “outperform”.

DZBank analyst Oliver Finger said that he had expected a slowdown in demand in the IT sector for the remainder of the current and next year already. The numbers from Oracle could have a negative effect on that date on the mood in the sector. Within the sector, however, he continued to prefer the SAP because of the small engagements with financial services and public sector.

Analyst Mirko Maier wrote of LBBW in a recent commentary, the tangent of Oracle as a justification to the field led to weak demand in Europe and SAP.The relevance of Europe as its home market of SAP is not equal to this later.The growing nervousness is also likely the share price up to 25 for theJanuary announced quarterly figures burden.

Analyst Michael Busse of Silvia Quandt expected that the large investment should pay off in SAP innovations. However, the stock is compared with the industry and highly rated throughout the year so far turned out better than the market. Therefore, he now sees more room for disappointment as Aufwärtspotenzial. / men / ck

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