SAP AG plans to undertake a three-for-one stock split, a move which it said today will make its shares available to a wider audience in the capital markets. The Walldorf, Germany-based software vendor's top management also plans to ask its shareholders at its upcoming shareholders meeting to authorize SAP to raise capital of up to 25 million euros (US$24.2 million), SAP said in a statement today.
Three more companies have announced that they will take part in Sun Microsystems' new initiative to help companies transform themselves into "dot.com" businesses.
Deutsche Telekom AG shares fell slightly in early afternoon trading here today, following continued media speculation on whether a reported bid for U.S. carriers Qwest Communications International Inc. and US West Inc. would succeed. The reports, meanwhile, pushed Qwest and US West stock upward in the U.S.
French management consultant and IT services provider Cap Gemini SA and networking giant Cisco Systems Inc. today said they will form a joint venture designed to help telecommunications carriers, service providers and cable companies put corporate networks in place.
T-Online International AG plans to issue its first shares on the Frankfurt Stock Exchange on April 17, Deutsche Telekom AG said yesterday.
Softbank Corp. today announced a major reorganization that it says will put a more international focus on its expansion plans.
Qwest Communications International late on Sunday confirmed that it has held discussions with "a major telecommunications company," about a possible acquisition of Qwest and US West.
Mannesmann AG today said it sold on the stock market its 2 percent stake in Italian IT company Olivetti SpA for 420 million euros (US$409 million).
Tera Computer Co., a producer of high-end computers, today agreed to purchase Silicon Graphics Inc.'s (SGI) Cray supercomputer business for an undisclosed price.
Siemens AG and two small technology companies yesterday announced plans to help Germany's cable networks get ready for broadband Internet access.
Sybase Inc. today detailed the latest release of its mobile database product, SQL Anywhere Studio 7.0 , which will be available on the market next month.
Infomatec AG, an Augsburg, Germany-based software vendor, today said it has entered into a global partnership with Transmeta Corp., the creator of the Crusoe chip line designed for mobile computing, and Crosstainment AG, a German developer of multimedia hardware products. The three companies plan to develop reference models for Internet-capable appliances. In particular, the products will draw on Infomatec's Java Network Technology (JNT), an operating system designed for Internet appliances, and Transmeta's Crusoe chips, Infomatec said in a statement. A reference model is a specification for developing a new product that can be produced by manufacturers.
In a push to become one of the top three mobile telephone suppliers worldwide, Siemens AG today said it plans to pool all of its mobile communications activities into a new unit called Information and Communication Mobile (ICM).
Software AG today said it signed a deal with Microsoft Corp. to provide software that links mainframe applications to Microsoft's upcoming Host Integration Server 2000.
Fujitsu Siemens Computers BV yesterday announced a new line of PCs for home users and small offices.