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Technology Stocks : SAP A.G.
SAP 244.83-1.0%Dec 12 9:30 AM EST

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To: jon iliz who wrote (3207)5/4/1999 5:47:00 PM
From: jon iliz  Read Replies (1) of 3424
 
More info:
lehman.com

* PSFT Q1 conference call provided some detail on the state of ERP market
* Sales cycle in ERP appears to be lengthening;demnd for fin apps hardest hit
* Pricing pressure has lessened somewhat over Q4-98
* PSFT had 44% drop in license revenues
* SAP is likely to face similar issues
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