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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Eddie Kim who wrote (2250)	9/21/1998 5:21:00 PM
From: Tom Smith	Read Replies (1) \| Respond to of 4509

SAP Says '98 Outlook Unchanged - Report Monday September 21 10:10 AM EDT HAMBURG, Germany (Reuters) - Software developer SAP AG (SAP - news) told a German newsweekly that it saw no reason to change its forecasts despite growing concern that second-half profit will fall below expectations. In an interview with Der Spiegel, chief executive Henning Kagermann said the company continued to expect 1998 sales growth of 40 percent and profit growth of 30 to 35 percent. SAP's widely traded preference shares plummeted 19 percent last week to 800 marks -- their lowest close since April 9 -- although Kagermann said SAP was not in a state of crisis. ''From our point of view, there is absolutely no reason for the surprising plunge in the share price,'' Kagermann said in an article appearing today. The only thing that has changed is the atmosphere in the entire financial market, he said. Bank Julius Baer analyst Jochen Klusmann on Thursday cut his rating on SAP shares to ''sell'' from ''hold,'' predicting the second half would be ''significantly worse than the first half and significantly worse than expected by the market.'' SAP preference shares, a component in Germany's blue-chip DAX index, have fallen 45 percent since they rea ched an all-time high of 1,331 marks on July 31. But they are still up 23 percent from their close at the end of 1997. The DAX is up nine percent this year

To: Eddie Kim who wrote (2250)	9/22/1998 12:55:00 PM
From: Raptor	Read Replies (1) \| Respond to of 4509

Eddie .. The man is a soothsayer - plain and simple... I did go and look into a few posts, but that thread he is on is so huge. Seems to be he dances around calling one way or other and always had a hedge if things go the other way. Any idiot could have predicted down market last Monday with release of Clinton materials and I do not see where he predicted that the week before. He seemed to alternate between up and down predictions. Furthermore I saw him use the term 'orchestrate' on at least two occassions. I am not interested in following him in detail so I give an extracted impression. If you want to place your bets with him, be my guest.