SAP A.G. Message Board - Msg: 12522604

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Technology Stocks : SAP A.G.

SAP 240.34

+1.4%

3:59 PM EST

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To: Mad Bomber who wrote (3356)	1/10/2000 12:40:00 PM
From: jon iliz	of 3424

Hi ya MB, FWIW - Check out the quote in bold. Financial Times, LEX COLUMN, January 8, 2000 SAP: Harder software It turns out that the big sleep everyone had predicted for ERP - the business software that integrates various back-office processes - was more of a catnap. AMR Research reckons ERP total revenues probably grew by 8 to 9 per cent in 1999, although since these figures are in dollar terms they are likely to underestimate growth at Germany's SAP, which reports in euros. That may look paltry compared with the stunning levels of the preceding year. But SAP's preliminary fourth-quarter results on Friday were anything but mediocre. New software licence revenue increased by 150 per cent versus the preceding quarter. It makes the woes of its smaller rival Baan look even worse. Millennial fears - and the consequent deferment of information technology expenditure - were never the whole reason for the bath that SAP and its competitors took in 1999. Question marks over their internet strategies also unsettled customers. How many customers are actually buying SAP's internet product has not yet been broken out. But clearly enough of them feel confident that SAP is alive to their internet needs to renew their custom with the ERP market leader. SAP may have been flat-footed compared with Oracle in communicating its plans, but it has been faster at shipping its new internet product. Whether this justifies turning SAP from software vendor into as part-internet company and valuing its stock on 90-100 times 2000 earnings, it is far too early to tell.

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