SAP A.G. Message Board - Msg: 5313453

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Technology Stocks : SAP A.G.

SAP 247.35

+0.6%

Dec 11 3:59 PM EST

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To: pt who wrote (1723)	7/25/1998 5:33:00 PM
From: LindyBill	Read Replies (1) of 3424

Don't expect institutions to sell off millions of dollars of holdings in other companies to all jump in at once on Aug 3 to pick up a fully-valued company. I agree that SAP high, but what tech stock isn't "fully valued"? I think institutions will buy on the basis that the forward PE is 70, and that they know they will have to pay a premium to get in. I expect it to immediately go to a price equal to a forward PE 0f 100, (about 80 on the new split price), and then God knows what the momentum may do to it.

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