Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SSA (SSAX) BPCS/Client Server -- Ignore unavailable to you. Want to Upgrade?

To: MAURICE J. SADOWSKY who wrote (522)	2/1/1998 10:55:00 AM
From: kvogel	Read Replies (1) \| Respond to of 915

Maurice, SSAX ought to hire you since you work 24 hrs a day. BAANF is overpriced by my standards and in fact DLJ downgraded it on Fri just as Sal Sm Barn upgraded. Their sales increase of 65 % is spectactular but they are moving into other areas and acquisitions bolstered these figures. I believe fair value for SSAX at present is about 15 just based on .65 earnings and a 23% growth rate. It will get there for 3 reasons: 1. With Struek at the helm they will meet or exceed the 23% growth rate. Since they have good products marketing and sales are vehicles for growth and I agree that IBM will be depending on SSAX to keep their sales up. 2. H&Q knows how important consistency in growth and visibility are to the stock market. I'm sure they will make this point over and over again. This is essential for upgrades. 3. Financials are under control and no longer creating "extraordinary expenses". Also the pressure of getting loans such as the one from CA which created 3.6 million extra shares for 10 million bucks won't be happening. The company could actually buy some shares back with its war chest which would be a good investment since the covertibles will be exerciseable for $18. a share. Karl

To: MAURICE J. SADOWSKY who wrote (522)	2/2/1998 9:15:00 AM
From: kvogel	Respond to of 915

Maurice, Just posted: DAVOS-SAP sees 1998 sales up 30-35 pct DAVOS, Switzerland, Feb 2 (Reuters) - German software group SAP AG (SAPG.F) expects sales growth of 30 to 35 percent in 1998, down from 62 percent the year before, executive board speaker Hasso Plattner said on Monday. Plattner said SAP expected the slowdown because of the effects of the Asia crisis on its corporate customers and slower software sales in general due to concerns about the millennium bug issue. The point is that they are still expecting 30-35 % growth and as you pointed out SSAX systems are Y2K compliant. Karl