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

To: William J. Schwartz who wrote (537)	3/5/1998 6:03:00 AM
From: Ibexx	Read Replies (1) \| Respond to of 3424

Wild Bill, SAP stays pat on its eps forecast despite INTC preann.: SAP sticks to previous forecast despite Intel... WALLDORF, Germany, March 5 (Reuters) - German software giant SAP AG SAPG.F said on Thursday it would maintain its previous forecasts for 1998, despite Intel Corp's INTC.O earnings warning on Wednesday. SAP still expected sales growth of 30 to 35 percent this year, with pre-tax profit rising at a similar rate, a spokesman told Reuters. In 1997 favourable currency rates and increasing demand drove a 62 percent rise in sales to six billion marks. Net profit rose 63 percent to 924 million marks. Intel said first quarter sales would fall 10 percent from the fourth quarter level, sparking a sell-off in technology shares on Wall Street. REUTERS Rtr 04:53 03-05-98 ____________ Darn! I was hoping to add to my SAPHY position in am. Ibexx