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


To: Diver who wrote (1370)7/10/1998 12:50:00 PM
From: mauser96  Read Replies (1) | Respond to of 3424
 
I phoned a few minutes ago and was given a quote in the $205 range. As long as this is a BB issue I think buyers can expect bad trades and big spreads.
sap.com says, and my broker confirms, that the problem wasn't sales, which were up 66 %, but expenses involved in adding a bunch of new employees. These new employees should start to pay their way soon, and there may be some peculiarities of German law that front weighs some costs. SAP also mentioned Asia as a problem, but as others have pointed out this isn't a big part of their business. Summing up, I don't read this as important bad news, and will use it as an opportunity to buy more, even if I am becoming a bit overweighted in SAPHY