SAP "buy"

03.07.07 - UBS

LONDON, July 3 (newratings.com) - Analysts at UBS maintain their "buy" rating on SAP AG (SAP). The target price is set to ?41.

In a research note published this morning, the analysts mention that the company has accepted that the inappropriate downloads of fixes and support documents were made by its TomorrowNow subsidiary from Oracle?s website. SAP added, however, that it did not get any access to Oracle intellectual property, as the data remained in TomorrowNow?s systems, the analysts say. The request for documents by the US Department of Justice from SAP and TomorrowNow has resulted in more uncertainty, UBS adds.