SAP A.G. Message Board - Msg: 1978118

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Technology Stocks : SAP A.G.

SAP 245.02

-2.7%

Nov 14 9:30 AM EST

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To: Charlie Schultz who wrote (69)	8/15/1997 10:22:00 AM
From: Ibexx	of 3424

Charlie, I did consider the currency exchange fluctuation before buying SAP. My thought was--and is--that US dollar may be at its peak and is bound to come down sometime vs. the DM as well as Yen. If that happens, ADRs should benefit. Currency rates aside, I think the growth story of SAP is quite compelling, overriding by a long shot over my concern about the exchange rate uncertainties. True, I wouldn't buy any of those German dinoseurs. Ibexx

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