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

To: Jay8088 who wrote (1372)	7/10/1998 1:08:00 PM
From: Jay8088	Respond to of 3424

CORRECTION ! EPS growth for the 2nd Q was 26% not 40%. But I mainly focus on revenue growth. I still think 60% growth is outstanding when ERP sector as whole is growing at 30-35% clip. Definitely a buying opportunity !

To: Jay8088 who wrote (1372)	7/10/1998 2:06:00 PM
From: mauser96	Read Replies (1) \| Respond to of 3424

The report I saw didn't say what kind of people were hired. Some of the increased costs were a new employee incentive plan. I had to pay 201 for the shares I purchased today, which was a few dollars less than a previous quote.

To: Jay8088 who wrote (1372)	7/10/1998 3:45:00 PM
From: mauser96	Read Replies (1) \| Respond to of 3424

Even though I think this is probably a buying opportunity, we may be putting the cart before the horse when we regard news that results in a price decline as "good news". I'm in the market to make money, and something that leads to a loss is not good news. The exception to this is if you think you are less prone to panic, have a longer investment time span, or better able to interpret the true meaning of the news than the others who are setting the market price. The market dislikes surprises and a few announcements like this will take the bloom off SAP and result in a lower P/E. I'll gamble that it is a one time event. Fortunately most of my holdings are at much lower prices, so that gives me a little cushion. In any case the rather subdued reaction to the news and the price action prior to it indicates that the news leaked, and that market participants think it is not too important.