SAP CEO sees company staying independent in long term - paper

FRANKFURT (Reuters) - German software maker SAP will remain an independent company in the long term, its chief executive told a German newspaper. "I believe so, absolutely," Bill McDermott told weekly Euro am Sonntag in an interview published on Saturday. "The best way for a company to stay independent is to grow and to have a good market capitalisation," he added. With a market capitalisation of 70.5 billion euros (55.57 billion pounds), SAP is the fifth-largest company in G