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

To: Lutz Moeller who wrote (4085)	1/5/1999 10:20:00 AM
From: Elmer	Respond to of 4509

Hi Lutz, Happy New Year to you as well. The SAP news is interesting for PSFT holders. If PSFT closes today unchanged or fractionally down, the industry problems are probably fully discounted in the share price. Also, SAP is trading only about 8% down on the NYSE. That tells me that PSFT likely won't have a big down move if they fail to meet estimates in the February report. If PSFT doesn't close down substantially on the SAP news, it appears that the current PSFT price has an earnings miss somewhat built in. Hope I'm right. David

To: Lutz Moeller who wrote (4085)	1/5/1999 10:35:00 AM
From: Jay Rommel	Read Replies (3) \| Respond to of 4509

From Briefing 08:57 ET SAP AG (SAP) 34 9/16: Shares of world's largest business software maker fell sharply in European trading and are indicated 3 pts lower in the NYSE after company reported that 1998 pretax profits rose 15%, "significantly" less than it expected. Company cites weak sales in Japan and Russia for the disappointing results. Oracle (ORCL) shares indicated 1/2 lower in pre-market. There should be more of this next qtr. with SAP's aggressive price cutting ... Also, Deutsche Bank downgrades SAP from Neutral to Underperform This is pretty major!