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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: Jeff O. who wrote (166)	11/2/1997 1:11:00 AM
From: Tom Wilkes	Read Replies (1) \| Respond to of 3424

Jeff, I'm not Ibexx, but i have been looking at SAP, too. I only want it if I conclude that it is "the next Microsoft" in terms of having great long-term future prospects. I'm not an active trader. Haven't decided yet. The future is obviously hard to predict. When Microsoft was the size of SAP its own future was still in doubt. But, then, if one had bought MSFT then, wow! Life is risk, so, the question is, is SAP worth the risk? Perhaps. At current prices? I'm not the best one to answer that. Be sure to see the current issue of BusinessWeek for a great profile on the company. Also see the current issue of Fortune. See if you can find some Germans to talk to. Let me know if you find out anything. Tom W.

To: Jeff O. who wrote (166)	11/2/1997 3:26:00 AM
From: Ibexx	Read Replies (1) \| Respond to of 3424

Dear Jeff, Many thanks for your kind remarks. If you have seen some of my posts on SI, you probably know that I am in SAPHY and RMBS. Since I plan to hold these two stocks for the long term, the initial entry point is less important to me than to the traders. Also, because of my prior professional experience with a giant German multinational, I am inclined to have a higher level of confidence in their conservative accounting system--everything being equal, I would think a German P/E to be more reliable more than a US one. Please --I hope this remark would not offend anyone--it is simply a coulture thing. That said, I would venture to say that the next 2 weeks or so may provide the best shopping window for RMBS. I am almost 2/3 done with regard to acquiring a long position, and the remaining shares would be purchased in this time frame--at least I hope. You portfolio sounds great to me, and I have a sneaky suspicion that we share not only the same stocks, but also the same investment philosophy. After years of methodical experiementing, I still find investing in high quality stocks (with both growth and stability) is the best way to go, at least for me. I sleep soundly at night, pursued my other extensive personal interests and "roamed" around the world relatively worry-free. We all start from somewhere, usually it is ground zero. All portfolios aare significant, period. Best regards, Ibexx