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SAP falls on profit warning gossip

Woolly speculation is enough for nervous investors...

By Mark Graham

Published: 3 September 2001 15:12 GMT

SAP shares are sliding amid rumours the German software giant is about to announce a profit warning or issue a convertible bond.

SAP refused to comment but a trader told Reuters the stock might have dropped because of this speculation.

Having reached a year high of E182.50 (£113) in May SAP shares in Germany were down over 20 per cent from this mark in mid afternoon trading at E141.65 (£87.91).

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