By Arindam Nag // A DOW JONES NEWSWIRES COLUMN LONDON (Dow Jones)--Bidding for Business Objects is one of the more audacious moves in SAP's history as the German software company takes the fight closer to main U.S. rival Oracle. But the timing looks odd, and the EUR4.8 billion that SAP is paying for the French supplier of business-intelligence software is high. The German company has agreed a bid worth a punchy 28X forward earnings for a company with a faltering growth outlook, underlined by weak third-quarter earnings below the analyst consensus. Underlying revenue growth was barely 5% at Business Objects. And SAP says it wants to...
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Monday, October 8, 2007
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