All,
Cowen issued STRONG BUY on August 18:
SAP (SAPHY $81)
"We are initiating coverage of SAP, the dominant vendor of ERP software in the world, with a Strong Buy rating. The company has the most configurable and complete solution across the accounting, HR, manufacturing, and distribution functions, plus trend setting functionality and architecture. SAP's core product, the R/3 system, is the darling of major system integrators for Business Process Reengineering. We expect that SAP will continue to leverage its heavyweight sales organization and R&D budgets to outpace the ERP market. The list of sales initiatives in vertical markets continues to expand, with the recent addition of retail, banking, aerospace and defense. The company leads in the use of the Internet in ERP, and more than 40% of R/3 sales in H1:97 have been on the Windows NT platform, the platform of choice for the important mid-tier."
- Rob Schwartz & Christine DeNering, 8/18
Ibexx
(Long since 3/97) |
