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

To: Scott Brooks who wrote (701)	4/16/1998 2:14:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 3424

Is SAPHY too expensive? Even with the current pop-up in share price, SAP is trading at 13.6 times '97 revenue. Others in the group - PSFT is at 14 times revenue and BAANF is at 15 times rev. MSFT is at 17.6 times revenue. The really expensive, mania stock is YHOO at 63 times revenue! ( The fact that its daily trade volume is larger than its free float may have something to do with this mania. That is, when fund managers decide to get into YHOO, there are no shares! ) SAP's valuation is quite reasonable, given its rapid growth rate. In fact one can say that it has no price premium at all with respect to its industry leading position - and possibly evolving global franchise position comparable to Microsoft.... NYSE listing may bring about some premium relative to its peers.