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

To: growthvalue who wrote (2641)	10/2/1998 2:50:00 PM
From: Ibexx	Read Replies (3) \| Respond to of 3424

Thread, Relevant news story on SAP/PSFT: Additionally, Phillips said larger rival SAP "is going right after" PeopleSoft's core market. The German giant (SAP) has slashed prices for its software, threatening to undercut PeopleSoft, he added. SAP has about three times the share of PeopleSoft in the so-called enterprise resource planning market, which helps businesses automate basic functions. Goldman Sachs analyst Rick Sherlund took PeopleSoft off the investment bank's "recommend list", saying sales of the company's software will slow in 1999 to about half of last year's rate. Last month, PeopleSoft held an unprecedented conference call to discuss its outlook. It re-iterated its goal to increase sales by 60 to 65 percent each quarter, while keeping operating margin between 18 to 20 percent. Investors didn't care too much about that on Friday, sending shares down 9 1/4 to 23 1/4 in the afternoon session. Trading was more than 6 times heavier than average. cbs.marketwatch.com