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SAP Comments on its Offer for Retek |
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WALLDORF, Germany - March 09, 2005 — SAP AG (NYSE: SAP) today issued a statement regarding SAP America’s offer for Retek Inc.
As SAP offers superior interoperability with both Microsoft's .NET and the Java programming environments through its own integration and application platform, SAP NetWeaver, SAP is in a better position to offer Retek and SAP customers a swift and painless path to the integration of these and other third-party applications. SAP believes that integration at the applications level - rather than at the database level - is what will drive competitive advantage for companies looking to align their IT infrastructure in order to respond swiftly to changes in the fast-moving retail market. Moreover, SAP is committed to openness to all databases in the market, not locking customers out of choices. SAP remains strongly committed to the retail industry.
SAP continues to be the leading business applications vendor globally and in the U.S. and has consistently gained share against its peer group for over two years both globally and in the U.S.
Regarding yesterday’s announcement by Oracle related to Retek, SAP has no further comment at this time.
STOCKHOLDERS OF RETEK ARE STRONGLY ENCOURAGED TO READ THE TENDER OFFER STATEMENT ON SCHEDULE TO FILED BY SAP AMERICA AND SAPPHIRE EXPANSION CORPORATION BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE TENDER OFFER. Investors may obtain the Tender Offer Statement on Schedule TO and any other documents filed with the SEC for free at the SEC's website, www.sec.gov and at SAP's website, www.sap.com. The Tender Offer Statement and related materials may also be obtained for free from Mellon Human Resources & Investor Solutions, the information agent for the offer, or from Credit Suisse First Boston LLC, the dealer-manager for the offer. |
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