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

To: Mao II who wrote (2880)	1/5/1999 9:09:00 AM
From: nnillionaire	Read Replies (1) \| Respond to of 3424

From today's Wall Street Journal: interactive.wsj.com SAP Warns 4th Quarter Profit To Be 'Far Below Expectations' Dow Jones Newswires FRANKFURT -- Earnings at German software maker SAP were "far below expectations" in 1998, despite a 15% rise in pretax profit excluding payments to its employee-bonus program, the company said Tuesday. Sales rose 40% to 8.4 billion marks ($5.1 billion), compared to 6.02 billion marks in 1997. The poor earnings results were mostly because of a "strong downturn" in business in Japan, which unexpectedly worsened in the fourth quarter. '''''''''''''''''''''''''''''''''' Hhhmmm, a 40% sales increase, and a 15% earnings increase for the year, and management is apologizing! Good Investing