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SAP’s business has been stable since late October when the software giant cut its outlook, a top executive said on Friday, defying signs of a worsening global economy. “It hasn’t gotten any worse,” SAP co-Chief Executive Leo Apotheker said during a panel discussion in New York.
Profits at the three largest U.S. phone carriers are being squeezed by steep discounts on advanced cell phones, triggered by AT&T’s hefty subsidy for the iPhone. AT&T, Verizon Communications and Sprint Nextel are expected to show a drop in wireless profit margins when they report third-quarter results in coming weeks.