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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (56535)	11/29/2001 11:18:21 AM
From: michael97123	Respond to of 70976

Thursday November 29, 11:14 am Eastern Time more positives SAP says "positively surprised" by U.S. Q4 recovery FRANKFURT, Nov 29 (Reuters) - Europe's biggest software group SAP AG said on Thursday it had seen an unexpectedly strong recovery in U.S. business since September following a steep drop at the end of the third quarter. ``I have been quite surprised at how strongly our team in the U.S. has rebuilt the pipeline and the forecast for the fourth quarter,'' Wolfgang Kemna, chief executive of the group's U.S. operation said in a conference presentation. ``It will not be a glorious Q4 but I must say, I have been positively surprised at how strongly our client base came back with regard to strategic implementation, projects and upgrades,'' he said. He said many clients who had delayed orders in the third quarter had returned although in many cases contract terms had been renegotiated.