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To: Junkyardawg who wrote (57046)	10/19/2000 3:32:48 AM
From: Junkyardawg	Respond to of 63513

Technology News Thu, 19 Oct 2000, 3:20am EDT SAP Third-Quarter Profit Doubles to EU88 Million on MySap.com Growth By Alfred Kueppers Walldorf, Germany Oct. 19 (Bloomberg) -- SAP AG, the world's largest maker of business management software, said third-quarter profit doubled, as the German company won new customers for its mySAP.com Internet product. It predicted ``solid'' growth ahead. Net income rose to 88 million euros ($74 million), or 0.28 euro per preferred share, in the three months through Sept. 30 from 45 million euros, or 0.14 euro per preferred share, in the third quarter of 1999. Sales rose 27 percent to 1.42 billion euros, according to a statement released on the SAP's Web site. While SAP, whose earnings fell in the first two quarters, is recovering as the likes of Nestle SA sign up for its mySAP.com Internet product, earnings were at the lower end of analyst's estimates. U.S. sales rose 16 percent in the quarter. ``We expect solid top line improvement in the fourth quarter,'' SAP said in the statement on its Web site. Analysts polled by Bloomberg News were expecting profit to rise to between 76.2 million euros and 200 million euros, while sales were expected to swell to 1.46 billion euros. In the third quarter last year, sales rose just 7 percent and profit slumped 64 percent as customers delayed orders ahead of the year 2000 changeover and mySAP.com had yet to take off. MySAP.com links SAP's traditional inventory and accounting software to Web-based sales and management programs