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Technology Stocks : SAP A.G.
SAP 234.02-1.7%Nov 20 3:59 PM EST

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To: Jay8088 who wrote (2016)8/4/1998 12:41:00 AM
From: Jay8088  Read Replies (1) of 3424
 
i2 stock close to 52 week low despite record results.
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" Our operating performance for the quarter exceeded expectations," says Dave Cary, i2's chief financial officer. "We were able to post better-than-expected earnings per share due to revenue growth that exceeded expense growth." But several investment firms downgraded the stock, warning that the imminent entry of enterprise application giant SAP into the supply chain market could dent i2's sales." (From Information Week 8/03/98)
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i2 was once considered potential gorilla in supply chain market. But now with SAP entering the market, i2 stock collapsed on fear. This reminds me of the joke: Where does a 500 lb gorilla sit?

Answer: Anywhere it wants to.
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