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

To: Birdman who wrote (902)	5/12/1998 5:09:00 PM
From: deeno	Read Replies (1) \| Respond to of 3424

Thanks for the ADR reference. So these institutions buy ordinaries deposit them to create new ADR's. So the ultimate supply of ADR's is limited only by the amount of ordinaries outstanding. If the ADR's did get a lot of buy pressure on August 3rd wouldnt large shareholders (or the company for that matter)take advantage of the arbitrage deposit their shares to create ADR's to satisfy the demand? I just dont see this big movement because of listing NYSE. Don't mean to be picky, never know when I might be able to apply the knowledge to another situation. Thanks