SAP A.G. Message Board - Msg: 3346772

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Technology Stocks : SAP A.G.

SAP 236.71

+1.2%

Nov 21 9:30 AM EST

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To: Charlie Schultz who wrote (398)	2/5/1998 7:56:00 AM
From: Holger Johannsen	Read Replies (1) of 3424

Off-topic: Charlie, I don't know much about this company but there was an article in the German B”rsenzeitung: Zitat aus der B”rsenzeitung vom 31.01.98: "...Die Wirtschaftsprfer sehen Anlaá zu betr„chtlichen Zweifeln hinsichtlich der F„higkeit, ihren Gesch„ftsbetrieb als lebendiges Unternehmen fortzusetzen. Doch die Dringlichkeit der Emission erschlieát sich erst richtig durch den Hinweis darauf, daá gut 200.000,-- DM des Erl”ses von 6,5 Mio DM zur Zahlung rckst„ndiger Geh„lter des Vorstandsvorsitzenden abgezweigt werden und ein weiterer Teil fr Vorstandsbezge reserviert ist." The accountants have doubts about the possibility of Realax surviving in the near term. 200,000 DM of the new money will be used for outstanding salaries of the CEO and another part is reserved for outstanding salaries for the other executive officers. I would not touch this stock at all! Holger

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