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

To: Ibexx who wrote (2603)	9/22/1998 12:12:00 AM
From: Scott Brooks	Respond to of 3424

To Ibexx OT OT You mentioned that you work(ed) for a German company. My wife & I are exploring the notion of relocating to the European cont. for a spell and I am wondering if you can shed any light on the issue. Thanks - feel free to e-mail me if it suits you. Scott

To: Ibexx who wrote (2603)	9/22/1998 7:43:00 AM
From: nnillionaire	Read Replies (1) \| Respond to of 3424

Today's WSJ Heard on the Street: Siebel May Face a Challenge As SAP Drives Into Its Market (subscription needed) interactive.wsj.com

To: Ibexx who wrote (2603)	9/22/1998 3:15:00 PM
From: Wigglesworth	Respond to of 3424

SAP AG Soars After Analysts Give Thumbs Up; Shrs +9.2% By ANGELA CULLEN and THOMAS COYLE Dow Jones Newswires FRANKFURT -- German software maker SAP AG's (SAP) shares went into overdrive Tuesday, along with other technology stocks across Europe, after receiving the thumbs up from a number of investment banks in recent days. By raising or reiterating recommendations to strong buys, analysts have calmed investor fears over the stock's continued profitability after its shares lost about 40% over the last seven weeks. In a reiteration of its buy recommendation, Goldman Sachs & Co. said on Monday that it "emphasizes there is no company-specific fundamental reason for share price weakness." On the same day, U.K. investment bank Lehman Brothers raised its recommendation on the stock to a buy from outperform. The market reacted with optimism Tuesday, sending the stock up DEM71.00, or 9.2%, to DEM850.50 by 1330 GMT, way ahead of the 3.5% rebound on the Xetra DAX index, which was up 155.07 points at 4594.20 at mid-afternoon. Since listing on the New York Stock Exchange on Aug. 3, SAP has come under attack. Its double exposure to the recent turmoil on both U.S. and German equity markets has also meant twice the pounding for the software stock, leading some investors to believe the bubble had finally burst for one of Germany's most recent success stories. The volatility even led to rumors of a profit warning for 1998 circulating last week, which sent the stock plummeting another 17%. Equities analyst Stefan Huettermann at Paribas Capital Markets said investors' cries for a complete sell-out at DEM600.00 "are complete nonsense to us, because SAP still benefits from very positive trends in the (software) industry." SAP co-chairman Henning Kagermann then reiterated the company's full-year forecast of 30% to 35% pretax profit growth and 40% sales growth for the current year in response to the concerns. But SAP isn't completely free of negative factors, analysts point out. SAP America Inc. Chief Executive Paul Wahl resigned three weeks ago before the end of his tenure after an offer from another company. Even though the resignation wasn't due to any company-related difficulties, the market viewed his loss as a blow because he was pivotal in SAP's successful U.S. expansion. In addition, long, drawn-out legal proceedings over suspected insider trading by some managers and employees ended earlier this month. Three management staff were given hefty fines although they were deemed not guilty of willfully benefiting from a rise in SAP share prices in October 1996. And a lawsuit filed in the U.S. against SAP in late August for the sale and installation of allegedly faulty software has hurt its share price. Devika Malik, J.P. Morgan analyst in London, said "in a bull market you can say something and no one notices. But in this kind of environment you say the exact same thing and your stock drops 10%." J.P. Morgan has a buy rating on the stock, confirming the bank's conviction of its continued growth. SAP has built its success on its one-stop R/3 software system, which runs a company's sales, distribution, order processing inventory, and accounting functions in concert. Its solutions for the millennium bug and euro conversion have made it one of the world's leading software producers. Analysts say SAP holds a strong market position in the enterprise resource planning technology sector, which is viewed by industry experts as having more than 35% growth potential over the next five years. SAP's expansion into supply chain management, one of the hottest segments in the software industry, will further consolidate that position, they say. -By Angela Cullen and Thomas Coyle; 49 69 25616 500; acullen@ap.org; tcoyle@ap.org -0- 22/09/98 14-38G

To: Ibexx who wrote (2603)	9/22/1998 4:45:00 PM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 3424

Hi Ibexx. I am in SAP and I heeded my own advice in yesterday's post and bought more at 40. Did you read Heard ON THE STREET in the WSJ today? Not too bad for SAP. They think it could gain 30% market share over here. SAP looked good for a while at 44 but dropped back some. I am thinking of maybe even getting more. I don't know: 40% sales growth and 30 to 35% earnings growth looks pretty good to me. I am not sure why SAP did not hold its high today. European markets were up big time this morning but maybe fell back some because of ours. I have not looked at where they ended. Sonny P.S. About that Heard on the street article. I should read the days posts first before I answer. gg. I just noticed it was already posted.