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

To: Ibexx who wrote (513)	3/1/1998 8:54:00 AM
From: Labrador	Read Replies (1) \| Respond to of 3424

I bought SAP, not because it is going to the NYSE, but because it is the dominant player in its area -- and it will remain so (in my view). I think the ADR's are illiquid in the U.S. but you can just as easily buy the stock directly on the German exchange, where I also own some SAP warrants. The spread on the U.S. ADR's do not seem too high, and the ADR pricing actually tracks the SAP German price quite well. I do not think that SAP will be required to file with the SEC just because the stock is listed on the NYSE, as many ADRs (and ADSs) do not file. They will have to release information in U.S. GAAP ( I think this is the case -- I could be wrong here though). I have been quite pleased with my SAP investments. I was curious though, are any of you concerned about the high P/E of SAP ? Even the forward looking P/Es are quite healthy. Just curious. Now as a tip to all of you, consider MacKenzie (the 4th largest brokerage firm in Canada) as a ripe investment. It is traded on the Toronto exchange. Although it does trade on the U.S. over-the-counter market, the spread in the U.S. is unreasonable and the U.S. market is illiquid. Be sure to buy on the Toronto exchange. If you review this company, you will be pleased I believe. Symbol is MKF.TO (Toronto).