re: SAP Caps Strong 2012 With Modest Q4
There are signs of disagreements inside SAP both on cloud and on Hana. On cloud, Nomura said today that "We believe there may be some conflict internally over the appropriate level of investment in the newly acquired SaaS businesses." On Hana, Plattner and Sikka talked up Hana and dramatic transformation, but one day later other executives acknowledged that conventional database would live on and they highlighted the free inclusion of the Sybase ASE database with SAP BusinessSuite-on-Hana deals. Debate is good. I'd come down in favor of more cloud investment. In fact, that would be a great place to expedite innovation with Hana!