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

To: Jim Baker who wrote (1242)	7/4/1998 9:45:00 AM
From: Ibexx	Read Replies (1) \| Respond to of 3424

Jim, Good idea. But I'll sit out this game and just watch.... Ibexx

To: Jim Baker who wrote (1242)	7/4/1998 5:07:00 PM
From: JRH	Read Replies (1) \| Respond to of 3424

My guess is 240. Anyone else? JRH

To: Jim Baker who wrote (1242)	7/4/1998 10:42:00 PM
From: Jay8088	Read Replies (2) \| Respond to of 3424

My guess is around $235. I came up with the number by comparing SAP with MSFT. MSFT, no doubt an investors' darling, is selling around 20 X revenue. Assuming that SAP is a similar global franchise, 20 X SAP's trailing revenue gives $235 per share. So IMHO, SAP is fairly valued at present price range. On the positive upside, SAP is growing twice the rate of MSFT and most US funds are very underowned in this Global Gorilla in the making ( say compared to INTC, MSFT, or even PSFT!). Maybe my guess should be 'above $235'...

To: Jim Baker who wrote (1242)	7/5/1998 8:08:00 PM
From: Tom Kearney	Read Replies (1) \| Respond to of 3424

$300 by August 10th - which would be $75 split adjusted. Small float plus vastly increased liquidity should spark a big jump. It would probably settle down a bit after the initial spike. It's sort of like a very BIG IPO. I mean, so far this guy is being driven mostly by German investors. Won't lots of institutions want in on this one? Regards, TK

To: Jim Baker who wrote (1242)	7/5/1998 8:34:00 PM
From: jbn3	Respond to of 3424

Thread, been lurking here for a while, and have decided this might be an excellent long-term investment. Some posters evidently feel that the price will show a strong increase in conjunction with the NYSE listing on August 3d. 1. Is there any historical evidence that stocks which get listed automatically show strong price increases? 2. Is the expected price increase contingent upon another expected occurrence, such as selection for the S&P 500? 3. If one is making a long-term investment, then why should a NYSE listing affect either the underlying equity's fundamentals or its potential earnings or sales growth? 4. Correct me if I'm wrong, but if SAP's price goes up merely because of an exchange listing, doesn't that merely mean that you are getting some of the stock's future potential a bit earlier? Just trying to understand. Thanks for any help. Regards, jbn3