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To: MonsieurGonzo who wrote (2952)	5/28/1998 2:19:00 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 11051

Re SAP and stock split No hints about the stock split, not from the grapewine and none of course from the company. They would hate to rock the boat, especially in the positive fashion - as far as I understand you usually split stock to add additional kick to it. However the dynamics of SAP stock is a definition of the exponential curve since cca 7 quarters - the last real hiccup was when they 'slightly' missed the estimates in Q3 of 96. I sold dead on target into the hole at that time. Think it was 187 DM. Now its knocking on 1000 - yes, one thousand DM. BTW, MG, my pleasure. DJ PS: cashed in 1/3 and keeping the rest of Y2k SAP leaps. Asking me for a definition of the "deep-in-the-money" leaps? Yeah, it's an out-of-money SAP leap 6 months down the road.