TomorrowNow yesterday's news as SAP previews results, BI tools
An SAP quarterly statement appeared to announce plans to auction off TomorrowNow, the troublesome subsidiary it only bought two years ago.
SAP acquired TomorrowNow in mid January 2005 as a means to woo away maintenance and support customers from Oracle, shortly after Oracle acquired PeopleSoft. But the firm's fourth quarter prelimenary results announcement noted that the company is "required to present its results of discontinued operations [TomorrowNow] separately from its results from continuing operations".
TomorrowNow became an acute embarrassment to SAP.
Continued...
The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.
Registration is FREE and allows you to view all content, ask questions, comment and much more.
Or if you are already registered, login here

