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

To: Ibexx who wrote (1384)	7/10/1998 9:50:00 PM
From: Ibexx	Read Replies (1) \| Respond to of 3424

Thread, From SAP's website (without add-ons by spin doctors): Strong First Half Growth For SAP Walldorf, Germany, July 10, 1998 -- SAP AG, the world's leading provider of client/server business applications, today announced continued strong growth in the first half of 1998. Preliminary figures indicate that revenues for the half were higher than expected, growing by roughly 60%. The Group's commitment to strengthening its market leadership and growth prospects by adding new employees led to about a 66% increase in costs, with pre-tax profits rising about 40%. Excluding the first time effect of provisions for the Group's recently announced employee incentive plan ("STAR"), pre-tax profits would have risen about 46%. For the full year, the Group is maintaining its expectation that pre-tax profits will rise between 30-35%, excluding the effect of the STAR program. The slowdown in Asia had a stronger than expected effect on performance in the second quarter. Revenues for the Asia Pacific region in the second quarter were below last year's level due mainly to exchange rate movements, and to downsizing in investments and software implementation projects in the region, including Japan. SAP will release it full results for the first half 1998 on July 20, 1998. Ibexx ÿ

To: Ibexx who wrote (1384)	7/11/1998 12:51:00 AM
From: DownSouth	Read Replies (1) \| Respond to of 3424

>(2) Doesn't surprise me trade wags like CNBC were trying to put a negative spin on the situation; you see, this would be the last chance US institutions could drive down the stock for their own inventory building. Whoa! Now there is an angle I never even imagined imagining! Are these folks (US institutions/CNBC) that smart/clever/conspirational? Anyone but you, Ibexx, and I would be tempted to flame such a suggestion.

To: Ibexx who wrote (1384)	7/11/1998 11:11:00 AM
From: fred douglas liebling	Read Replies (2) \| Respond to of 3424

Good post Ibexx! I bought 100 shrs at 197.5 and with this company I will not feel too stupid averaging down. I am somewhat surprised and pleased that we didn't have a meltdown here ala MANU, IMIC, etc. The closely-held aspect and blue-chip status obviously make SAP a different kettle of fish. I kept my original shares that I bought in April 1997 and had been waiting for the buying opportunity that finally came. I also think that if there was any more bad news we would have heard about it yesterday. good luck, fred

To: Ibexx who wrote (1384)	7/11/1998 1:09:00 PM
From: MulhollandDrive	Respond to of 3424

Hi Ibexx, "(elated by opportunity)" I am so glad that I did not take as large a stake as I had originally intended. Basically had to wait for funds to clear from a real estate transaction, so was "cash poor" at the time. You gotta love the "concern" about earnings which stems from costs related to needing 5000 additional employees......Opportunity knocks... OTOTOT BTW, you might want to avoid posts 5573 thru 5593 on the RMBS thread, unless of course, you want a good laugh.....bp