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Apps & Software

SAP CEO Shuffle Shows Strength of Oracle (SAP, ORCL)

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By Douglas A. McIntyre Updated Published
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Things just still are not going well at SAP AG (NYSE: SAP).  Its CEO Leo Apotheker has stepped down as the company reached an agreement with him not to renew his contract.  The problem is that this departure was only after about 7 months, and it comes at a time when most technology giants are talking up a return of enterprise spending.  As a result of today’s management action, the company is going back to a co-CEO structure.

The co-CEO replacements are executives of the company.  Bill McDermott has headed up the field organization and Jim Hagemann Snabe has been the head of product development.  Vishal Sikka, the company’s chief technology officer, has been named to the SAP executive board.

Some consider SAP’s recent results an improvement, but many consider the company still troubled.  The biggest issue is that the company has had a hard time transitioning into smaller sales to more organizations as its sales tend to be much larger sales and in longer sales cycles.  Oracle Corp. (NASDAQ: ORCL) has claimed to take more and more market share each quarter.  It may be round-about to call SAP’s woes a win for Oracle above and beyond what we have already seen, but this does not exactly lend much credence to a notion that SAP is mounting a solid defense against Oracle.

JON C. OGG

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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