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

To: pt who wrote (1723)	7/25/1998 5:33:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 3424

Don't expect institutions to sell off millions of dollars of holdings in other companies to all jump in at once on Aug 3 to pick up a fully-valued company. I agree that SAP high, but what tech stock isn't "fully valued"? I think institutions will buy on the basis that the forward PE is 70, and that they know they will have to pay a premium to get in. I expect it to immediately go to a price equal to a forward PE 0f 100, (about 80 on the new split price), and then God knows what the momentum may do to it.

To: pt who wrote (1723)	7/25/1998 7:03:00 PM
From: Heidi	Read Replies (1) \| Respond to of 3424

Thanks for your opinion. I have known about SAP for quite awhile. I also believe it is fully valued but suspect their over-valuation could be similar to say, MSFT being overvalued. :) This is a tech stock that is larger than all of it's competitors combined. I do not know whether the stock will rise very much upon NYSE exposure. I am, however, concerned about currency rates and it's effect. So, I continue to ponder on whether to add or hold. Thank you for your word of caution. Always trying to take a step of faith, with prudence! Heidi