Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Melissa McAuliffe who wrote (3018)	1/31/1999 2:01:00 AM
From: jon iliz	Read Replies (1) \| Respond to of 3424

Hi Melissa, The one of the many listing requirements for the NYSE (of a non-US company) are "Full registration under the Security exchange act of 1934. citibank.com So when a foreign company registers under this exchange act: "All financial statements prepared in accordance with the GAAP of the country of domicile with full reconciliation to US GAAP including segment reporting" is required. citibank.com Now the references above don't say if the compliance should be applied immediately or not. But at least for me, assuming it does not have to be immediate is downright crazy. Do you have a link which states otherwise? (Please no links to another SI hearsay poster) I knew this was true even before SAP was listed because SAP informed its employees before hand as to what they had to do leading up to the listing. Now BAAN on the NASDAQ may be a different thing. The above links should give you the answer you are looking for. -J

To: Melissa McAuliffe who wrote (3018)	4/22/1999 11:04:00 AM
From: jon iliz	Read Replies (1) \| Respond to of 3424

I remember you were concerned about revenues not conforming to US GAAP rules where SAP's numbers would be inflated in an exaggerated way (like what happened to BAAN). It looks like your concern has the reverse effect. Message 7575511 SAP said first quarter sales were 22 percent higher at 1.08 billion euros according to U.S. GAAP standards. Analysts said that, according to German GAAP, the sales increase was only 20 percent and that pre-tax profit was 17 percent lower. Of course, BAAN being in Holland is a different story.