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

To: Ibexx who wrote (1908)	7/31/1998 7:39:00 PM
From: Frank Walker	Respond to of 3424

Re the effect of the NYSE listing on SAP stock prices, does anyone have an idea of the relative P/E values of stocks in Germany as compared to the U.S. ? I'm in Canada and I've noticed that when a hot Canadian company gets a listing in the U.S., the P/E may increase, because U.S. investors are more willing to pay higher prices for a growth stock. This may be related to national cultures - Canadians are more conservative than Americans, and I would guess that Germans are also more conservative than Americans. Also, there is a lot more investment capital available in the U.S. than in other countries. IMHO the NYSE listing will be a positive factor. GLTUA