“We always said 2009 would be a tough year.” SAP CEO Léo Apotheker made that remark during the company’s third-quarter earnings call today and, sadly, SAP’s worse-than-expected performance and reduced forecast for the year would seem to bear him out.
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AT&T has beaten out some 30 telecommunications carriers and private equity groups to buy the wireless spectrum and other assets that rival Verizon Communications was required to divest as a condition of its recent acquisition of Alltel Wireless. The company said this weekend that it will pay $2.35 billion in cash to buy licenses, network assets and some 1.5 million wireless subscribers across 18 states, mostly in rural areas.
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