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To: A.B. who wrote (28130)8/4/1997 9:36:00 AM
From: Ibexx   of 186894
 
Good morning Michael,

Re. Congrats for discovering this little gem.

Thanks for the nice remarks.

However, SAP is not that "little", its revenue for the first half of 1997 was 1.4 billion US dollars, up 51% from previous year, and its 1996 market cap was $12.2 billion (DM 22 billion).

Also, SAP is a component of the German blue chips index "DAX"--right there with the giants such as Bayer, Hoechst, and Siemans.

Yet the p/e is only 25 with a yr-to-yr EPS growth rate of greater than 50%.

Regards,
Ibexx
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