Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Judy who wrote (11808)	7/12/1998 2:41:00 AM
From: Nancy	Read Replies (1) of 42787

SAPHY is an ADR, there is no inventory to speak of like the way in a stock. Foreign companies could choose to have their stocks registered here and traded as a stock or they can create their American Depository Receipts which is an instrument, traded here as ADR, but not a stock because it doesn't = to the same number of shares of the actual stock. Example, NOK.A is an ADR, ERICY is an ADR, but TBR is a stock. the reason it traded on Nasdaq (not even the national market, but the bulletin board, which is NOT the Naz we normally refer to) is its german accounting reporting standards do not meet some requirements of US GAAP standards - there are some solid foreign companies ADR listed on bulletin board for the similar reasons. SAPHY is willing to change certain reporting mechanism to meet GAAP so to get it listed on NYSE, just like NOK.A. Solid company whose business area is the envy of ORCL who tries for years to enter and still unable to. Anderson Consulting, the largest consulting company in this country, is SAP's alliance.

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