$2 in earings , lots of debt because bad timed Business Objects acquisition, and a PE right now of over 20 with growth going negative. Not a company I want to invest in.
Oh, and:July 8: SAP Raised To Buy From Hold By Jefferies July 9: SAP Raised To Buy From Neutral By Bank of America Merrill Lynch July 20: SAP To Buy SAF Simulation, Analysis And Forecasting AG (for around 91 million)
You must be talking about another company. This SAP does not make earrings, it makes software. And this SAP does not have a lot of debt-- it has a lot of cash.