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


To: P.M.Freedman who wrote (3065)2/18/1999 7:13:00 AM
From: Informatiker  Read Replies (1) | Respond to of 3424
 
As an investment for at least 3-12 months IMO SAP shares are a buy as admixture.

Reasons:
- Unused unappropriated earned surpluses of the STAR program (base 447 euro)
- Extended product range
- CeBIT- fair with new announcements in April '99 in Germany
- 40% turnover growth on average of the last 25 years and also again in 1998
- Rather increasing profit growth starting from Q2/99 by slower coworker increase
- Fundamental base effects in the quarter comparison Q2/99 and Q4/99
- ' psychological market exaggeration downward '

With consideration of the fundamental growth data (revenues) SAP concerned
with the time axis is again at the lower evaluation. This is seen quite good if
share-price and revenue is drawn in the logarithmic chart. If you had been
annoyed to relative buying rates in April and December 96, now there is a
good chance for stepping in.

I personally estimate the course to 650 euro at Dec.99 (more than 100% over the present
price of the share.
I myself added a few warrants by Goldmann Sachs (Exp. Feb.2001 Base 1000 DM
german code: 592727).
Any comments to my point of view?

Regards,
Heinz