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

To: MulhollandDrive who wrote (2623)	9/24/1998 1:27:00 PM
From: Diver	Read Replies (2) \| Respond to of 3424

SAP downgraded, shares slip 7.7% By Brenon Daly, CBS MarketWatch Last Update: 10:53 AM ET Sep 24, 1998 See: Silicon Stocks SAP shares slipped 7.7 percent Thursday after CS First Boston cut its growth outlook for the German software giant. Analyst George Gilbert lowered his rating on SAP (SAP) to "hold" from "buy" and trimmed his sales growth expectation for 1998 to 45 percent to 51 percent. Gilbert also cut his expectations for next year to 32 percent from 39 percent. SAP is suffering "greater than normal price erosion" on its products, Gilbert said. Also, customers are delaying orders of SAP's business software as they spend money to fix software glitches associated with the Year 2000 problem -- or the inability of most computers to read the first numbers in the date of a year. "At 66 (times) our 1999 earnings per share estimates, we believe there is more downside risk than upside potential," Gilbert said. Shares slipped 3 5/8 to 43 5/8. From CBS Marketwatch.....