Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 03 December 2012 09:52

SAP co-founder dumps stock

Written by Nick Farrell



Does he know something

Hasso Plattner, who cofounded the esoteric management software company SAP, has dumped $155.74 million of his shares.

The sell off is only a part of overall stake in the company and might be just because he needs some readies to pay for all his Christmas card list. He has done it so as not to harm SAP's stock price. To protect the stock price, a bank will place 10 million euros worth of the shares every month until no more are left.

The sell off will happen between January through November next year , SAP said in a regulatory statement. SAP had been gaining slightly, but lost 0.5 percent on the news. Plattner is SAP's largest shareholder with 121.49 million shares, representing a 9.89 percent stake. Based on the current share price the stake is worth a little over 7 billion euros.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments