When “Mad Money” host Jim Cramer quizzed SAP co-CEO Bill McDermott about SAP’s stock price, Cramer got more than he bargained for as McDermott cranked the discussion up to a much higher level and explained that software has permanently displaced hardware as the driving force of innovation, growth, and value.
Cramer, befuddled as to why the share price of fast-growing global powerhouse SAP is trading at “historic low” multiples, had opened the program late last week with some thoughts on SAP, which “is doing fabulously, but the stock has been caught up in the vortex.”
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