Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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