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Technology Stocks : RWD Technologies Inc (RWDT)
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To: Gary105 who wrote (38)1/9/2001 8:41:52 PM
From: Byron Angel  Read Replies (1) of 41
 
Strong growth in SAP revenues

SAP's fourth-quarter numbers "were a good bit above our expectations," according to M.M. Warburg analyst Achim Fehrenbacher. Dresdner Kleinwort Benson raised its recommendation to add from hold while Merrill Lynch analyst Coleen Kaiser said: "Overall it means the U.S. and all their new areas had to be good." With global economic conditions seen worsening - and with SAP operating in the business-to-business segment of e-commerce - the need to reduce costs could spur demand for its products. SAP has "a very, very good chance of strong revenue growth" in the coming years, said Sal. Oppenheim analyst Alla Gorelova. In the area of electronic procurement, there is "enormous potential for savings," she added, citing the business-to-business sector as "still very attractive."

Accelerating growth for SAP is a plus for RWDT, especially after yesterday's announcement.
Byron
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