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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 28 4:00 PM EST

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To: Dwight E. Karlsen who wrote (30872)	10/21/1999 12:45:00 AM
From: Ken98	Read Replies (1) of 99985

Dwight, Y2K lockdowns are real and they are beginning to show up in company's reports. Even if absolutely nothing happens after January 1st, the effects of the lockdown must be dealt with. SAP today announced similar problems as IBM: <<SAP reported that third quarter earnings fell 64 percent amid weak sales growth. Its shares fell 5.27 percent to 386.50 euros. ``The board now expects the 1999 pre-tax profit margin to fall below the 1998 level instead of increasing slightly, as was originally expected,' SAP said in a statement. Analysts said SAP's business has been hurt by a general slowdown for Y2K products as most businesses are prepared for the computer bug. They also say companies have put off making major investments in new software products unitl next year.>> The "dots" are out there - its just a matter of time until they are connected.

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