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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (23094)	1/30/1999 5:29:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

AMAT ... AMAT has launched into its run before earnings and forward guidance for the following quarters. Technical resistance at 64-65, first target 68 and second target 75. Might be prudent to trail with a loose stop gain if the stock falters at resistance. Forward guidance, the next book to bill, and the overall market context will determine AMAT's trading range thereafter. Supports at 57 then at 50ish.

To: Judy who wrote (23094)	1/30/1999 5:32:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 50167

Judy, In response to you question about SAP vs. ORCL see: SAP 1998 EPS rises 14%; sales up 41% By Suzanne Miller, CBS MarketWatch Last Update: 4:54 AM ET Jan 26, 1999 NewsWatch WALLDORF (CBS.MW) -- Germany's SAP AG, the world's biggest provider of client/server business software, on Tuesday said earnings per share rose 14 percent to $6.00 -- which was better than the average 12 percent rise many analysts had been expecting. SAP's shares rose as much as 3 percent after it released its full-year results. Meanwhile, net profit for the year rose 14 percent to $627 million, while sales for the fourth quarter rose 18 percent to $1.54 billion. For the year, revenues rose 41 percent to $5 billion. The company implied that the results would have been even better had it not been for currency fluctuations and for a $119 million shortfall in software sales for Japan. Currency volatility carved about 4 percentage points off revenue figures. In Japan, SAP (SAP) said it has restructured its operations and that it's "confident that the accuracy and quality of sales forecasts will improve substantially." SAP also paid $28.3 million to improve its accounting in Russia. During the year, SAP hired 6,500 new employees, which it said will help it to roughly double sales in three year's time. It also expects sales for the year to rise between 20-25 percent for 1999, and for its profit margin to rise as much as 1 percentage point. <<<<<< My hunch is that SAP has been severely marked down due to industry weakness. I've been buying SAP around the $30 level and see the potential for an easy double this year. It's tested the lows twice recently and has held. I understand there's a hatchet piece in Forbes coming out Mon. I consider that bullish, they are usually at least 6 months behind the curve. bp