from a recent blog posting by Helmuth Gümbel:

SAP’s Q3 Numbers, Planned Layoffs and Léo’s Future

Posted October 29, 2009

I do not want to say much about SAP’s numbers – they are plain terrible and show what pipeline drain and disgruntled customers can do to your business. Even though, SAP steadfastly denies having any plans for more layoffs in 2010. Difficult to see how SAP can hang on to the margin projections in a time of declining revenue without layoffs. Most cost cutting potential is by reducing personnel expenses. Salary cuts might be the last option for SAP if sales do not pick up radically.

There are a lot of rumours in Waldorf about Léo’s contract extension due in May. Many say that it will not be extended. Some say that the search for a successor is already on. Did I hear names? Yes, I did – and I was very surprised to hear that Wendelin Wiedeking, once Porsche’s CEO, was supposedly in the race .....

http://hgumbel.wordpress.com/2009/10/29/...