SAP's Snabe Sees Opportunity From China Telecom Deal

May 18 (Bloomberg) — SAP AG Co-Chief Executive Officer Jim Hagemann Snabe talks about the company's performance, the outlook for cloud computing and SAP's partnership with China Telecom Corp. SAP said on May 16 it signed a deal with China Telecom under which the Chinese phone company will sell the German software maker's on-demand Business ByDesign to small and medium-sized companies. Snabe talked with Pimm Fox on May 16 on Bloomberg Television's "Taking Stock." (Source: Bloomberg)