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Short Take: SAP faces insider-trading inquiry

SAP is facing an insider-trading inquiry, according to a report by Agence France-Presse. The investigation is questioning more than 100 people at the German software giant, including management and supervisory board members, but no suspects have been named. The investigation was sparked by a mass selling of SAP shares that sent the stock's price down 23.6 percent last October 23, shortly before the company reported worse-than-expected results.

Paul Festa Staff Writer, CNET News.com
Paul Festa
covers browser development and Web standards.
Paul Festa
is facing an insider-trading inquiry, according to a report by Agence France-Presse. The investigation is questioning more than 100 people at the German software giant, including management and supervisory board members, but no suspects have been named. The investigation was sparked by a mass selling of SAP shares that sent the stock's price down 23.6 percent last October 23, shortly before the company reported worse-than-expected results.