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

To: Ray Rueb who wrote (370)	1/31/1998 11:14:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 3424

Ray, Thanks for the link. And you are a new kid on the block! Welcome to the wonderful world of SI. Ibexx

To: Ray Rueb who wrote (370)	2/2/1998 3:35:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 3424

Ray, can you explain that huge gap between the 16th and the 23rd? Thanks, bp

To: Ray Rueb who wrote (370)	2/12/1998 2:07:00 AM
From: Ray Rueb	Read Replies (2) \| Respond to of 3424

Deutsche Mark Price is part of SAPHY price Please remember that the price of the Deutsche Mark is part of the price for SAP ADR's. The formula for calculating the VALUE of SAPHY is (I think) ((price of SAG3 in Germany) * (price of Deutsche Mark vs USD))/3 The daily PRICE of SAPHY is determined by supply and demand so it will vary from the above formula, but only a little. A chart (and some technical chart analysis) for the Deutsche Mark is: tfc-charts.w2d.com NOTICE: Technically, short term very bearish, long term bullish When you look at it, you'll see that while SAPHY has been steadily going up, the Deutsche Mark has been steadily going down. This means that SAG3 in Germany has REALLY been going up. I think the drop in the Deutsche Mark creates a "stored value" which will be "released" as the Deutsche Mark eventually rises against the dollar. I think the Deutsche Mark has been falling because of the high unemployment rate in Germany due to reunification and economic realignment and elimination of inefficient businesses. Would someone in Germany care to comment on this? BUT, Also remember, as the Deutsche Mark falls, the VALUE of a sale of SAP software in the US rises. Can this company really lose?