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

To: William J. Schwartz who wrote (259)12/11/1997 10:38:00 AM
From: Holger Johannsen  Read Replies (1) | Respond to of 3424
 
Hi,

I'm new to this thread. I post from Germany so hopefully I can give you some useful information.
SAP got beaten up with all the other stocks today. On the German n-tv (german version of CNBC) there was a report that SAP said that everything is on track, the Asian exposure is minimal and they see no fallout from the turmoil yet. They expect to make their numbers.
I guess that's all you need to know from your company.
Nevertheless, I'm long CA as well and Charles Wang from CA said the same thing yesterday but the stock gets punished as well.
Right now everything that's connected to high-tech will be beaten up regardless of fundamentals.
That surely creates great Xmas buying opportunities if you have the requiered cash available.
I'll be a buyer tomorrow.

Holger



To: William J. Schwartz who wrote (259)12/11/1997 11:05:00 AM
From: Jay8088  Read Replies (1) | Respond to of 3424
 
Could be a sympathy move to Oracle crashing. Bigger volume in this downtrun does worry me a little because SAP is a high p/e stock. On the whole, tech drubbing takes no prisoners. I see it as a chance to accumulate more sahres in this global blue chip company.


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