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

To: Ibexx who wrote (351)	1/29/1998 7:14:00 PM
From: 007	Read Replies (2) \| Respond to of 3424

TOO ALL: This is the response I got back from the USA brokerage house listed on SAPHY's web site. To follow up on your questions regarding SAP: * approx. 104 million shares outstanding, 60% in free float * there are two classes of equity shares:ÿ common, most of which are held by the founders, and preferred, which have a greater liquidity, higher dividend, but no voting right.ÿ The ADRs (SAPHY) are backed by the preferred share, with a ratio of 3:1.ÿ * the last recorded trade of the ADR was $123 * today's P/E was 75.7 (based on the price of the preferred, which is a more accurate measure) Please feel free to contact me if you have any additional questions. Mikhal Stein The only thing that changed since this letter is the share price went up two more bucks. I am glad I own this company. Even with its high PE there are a reasonable number of shares outstanding to keep earnings going forward very aggressively. I will not sell this any time soon. IMO this stock could double in price from here in the next 12 to 18 months. Especially if there sales just keep climbing. There customer base are awesome companies, like MSFT, INTC and many other american companies I am familar with not to mention all the great companies in other countries. This is a global company and I agree with Ibexx about the possiblity of a simular MSFT situation where people will buy this companies products and once that is done they will be forced to be a income generating company for many many years. This is no make a sale and run situation. This is make a sale and then make another sale and then again and then help me with the mechanics if it all. I like what I see. This should help most of you with some of the basic facts. I also think the upcoming listing on the NYSE should prove to be very benifical to the ADR stock price. Anyone else like to share their opinion I would like to hear them! M. Solum