BETEILIGUNG AN COMMERCE 1 -34% SEIT DEM KAUF! ODER -$148,864,744.38 - 500 Beiträge pro Seite

[Toppgun]

BETEILIGUNG AN COMMERCE 1 -34% SEIT DEM KAUF! ODER -$148,864,744.38

NAJA SAP HAT SICH EINE COMMERCE 1 AKTIE $4.75 KOSTEN LASSEN ODER $225,552,643.DAS IST GANZ SCHON HOLZ FUER EINEN VERLUST BRINGER!!

CMRC AKTUELL BEI $3.13 (LOW $2.98) DAS SIND -34% SEIT DEM KAUF! ODER -148,864,744.38

IN ZUKUNFT WERDEN MEHR VERLUSTE ANFALLEN D.H. SAP WIRD ZIEHMLICH VIEL $$$ NACH CALIFUTNIEN UEBERWEISEN MUESSEN!

"SHORT THE UGLY MOTHERFUCKER"



Concurrent with the most recent amendment to the Strategic Alliance Agreement,
the Issuer, Operations and SAP AG entered into a Share Purchase Agreement, dated
as of June 28, 2001. Under the Share Purchase Agreement, SAP AG agreed to
acquire 47,484,767 shares of Common Stock of the Issuer at a purchase price of
$4.75 per share, for a total purchase price of $225,552,643.

HIER IST DER LINK
New SEC Filing for SAP

A SC 13D has been released by SAP!
Click http://www.alertwizard.com/display.php?link=2601811 to view this filing!
Form SC 13D

[Toppgun]

Bitte zu beachten das sap fuer 5% CMRC $225mio bezahlt hat und das verfuegbare cash der gesammten (100%)FIRMA CMRC ist $219.3mio

CMRC DATEN SCHAUEN NICHT GUT AUS:

Commerce One is a provider of business-to-business electronic commerce solutions that link buyers and suppliers of goods and services into trading communities over the Internet. For the three months ended 3/31/01, total revenues totaled $170.3 million, up from $35 million. Net loss totaled $228.5 million, up from $43.6 million. Results reflect increased services revenue due to growth of the customer base, offset by increased personnel and amortization expenses.

Per-Share Data
Earnings (ttm) -$11.40
Earnings (mrq) -$9.02
Sales (ttm) $2.81
Cash (mrq*) $1.27

Income Statements
Sales (ttm) $575.6M
EBITDA (ttm*) -$109.4M
Income available to common (ttm) -$2.55Billion

Profitability
Profit Margin N/A
Operating Margin (ttm) -98.5%

Financial Strength
Current Ratio (mrq*) 2.00
Debt/Equity (mrq*) 0.01
Total Cash (mrq) $219.3M

Short Interest
As of 9-July-2001
Shares Short 9.48M
Percent of Float 7.3%
Shares Short
(Prior Month) 9.28M
Short Ratio 1.63
Daily Volume 5.83M

M = millions; B = billions; mrq = most-recent quarter; ttm = trailing twelve months; (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

[Toppgun]

BETEILIGUNG AN COMMERCE 1 -34% SEIT DEM KAUF! ODER JETZT WERT=$148,864,744.38

VERLUST -$76,687,898.62

KAUFPREIS VON 5% $225,552,643.

[Toppgun]

HIER IST DER AUSZUG AUS DEM SEC FILING:


Item 4. Purpose of Transaction.

SAP AG`s increase in its investment in the Issuer to more than five percent of
the outstanding Common Stock of the Issuer was effected in connection with the
expansion of SAP AG`s strategic alliance with Commerce One (as described below).

[Ariminios]

SAP SOLLTE MAL DEN FINANZFRITZEN FEUERN!

Die sind doch auch schon lange an Heiler beteiligt,noch so ein Cashburner Schrotthaufen.

SO GEHT DAS NICHT WEITER!

[EXXSAINT]

Habe mir das SEC Filing angesehen. Ganz schön umfangreich daraus schlau zu werden. Sieht nicht nach einem Deckungsbeitrag bringer aus. Hier droht ein VOICESTREAM DACAPO!

SAP hat hier mal ordentlich einbezahlt und wird jedes Quartal nach schießen müssen!

Also beflügeln wird das den Kurs nicht!

Gute Arbeit Topp

[boeingsusanne]

$225 Mio ist mancher Leute ganzes Geld! Wenn der EURO nun steigt dann hat SAP zum Dollar hoch cmrc eingekauft!

Bravo so wird es gemacht!

[cego2001]

Nur die Zahlenbewertung zu begutachten, ist sicherlich nicht sinnvoll. SAP hat sich mit der CMRC-Beteiligung wertvolles B2B-Software-KnowHow eingekauft, dessen Eigenentwicklung wesentlich mehr Zeit sowie Oportunitaetskosten verschlungen haetten. Die sich hieraus ergebenden finanziellen Vorteile lassen sich nicht beziffern. SAP bleibt hiermit seiens Strategie treu, saemtliche Applicationen und digitalisierbare Unternehemnsprozesse in mySAP.com einzubinden.

[Toppgun]

he leute, um zu steigen braucht es viel finanzkraft! ZU FALLEN NUR DIE SCHWERKRAFT!
amerkanskys bewerten sap folgend:
Per-Share Data
Book Value (mrq) $1.93 (kurs adr $35.6)

Valuation Ratios
Price/Book (mrq) 18.79
Price/Earnings (ttm) 64.61 KGV!!
Price/Sales (ttm) 7.27

alles zu hoch fuer einen BEAR MARKET!

LOL TOP

[Toppgun]

"GERMANY IST JETZT IN EINER REZESSION" es wird massive zins senkungen benoetigen um irgend etwas zu bewirken!

SAP WIRD SICH HIER NICHT ENTZIEHEN KOENNEN! ES IST NUR EINE FRAGE DER ZEIT BIS SAP PURZELT!

ZU VERDIENEN IST NUR NACH UNTEN DIE UPSIDE IS BEGRENZT WIE AUCH ANDERE DAX WERTE ZEIGEN!

LOL TOP

[Troglodyt]

@Toppgun
SAP ist eine von den Firmen die an Restrukturierungen und Kostendämpfungsmaßnahmen verdient, Du Hirni.

Bei BMW z.b. fallen im Moment ganze Scharen von SAP`lern ein.

Und viel billiger als zu diesem Zeitpunkt kommt man nie wieder an eine Perle wie Commerce One.

[Toppgun]

SAP MUSS SEINE Q2 ANGABEN REVIDIEREN! JETZT WIRD DIE WAHRHEIT, STINKEND, MIT DEM BAUCH NACH OBEN, AM WALLDORFER TEICH TREIBEN!
--DARFS AUCH EIN BISERL MEHR SEIN MEHR ALS 20% CMRC ANS BEIN GEHENGT!
--SAP REDUCIERT (PASAST AN) SEIN FINANCE ERGEBNIS!

Under U.S. GAAP, the equity method must also be applied retroactively to improve comparability.

Finance income will thus be restated to include 2.6% and 4.4% of Commerce One`s first and second quarter loss, respectively as well as other acquisition related adjustments. Accordingly, SAP will reduce itsreported finance income for the first and second quarter of 2001 by approximately (euro)8 million and (euro)85 million, respectively.


HERE THE FULL TEXT:

Concludes Additional Investment in Commerce One

WALLDORF, Germany--(BUSINESS WIRE)--Aug. 24, 2001--SAP AG
(NYSE:SAP), the leading provider of e-business software solutions,
today announced it has received all necessary approvals from U.S.
antitrust authorities for its additional investment in Commerce One
and the acquisition has been closed.
Through the additional investment, SAP has expanded its alliance
with Commerce One and now owns slightly more than 20 percent of
Commerce One outstanding common stock.
As stated in the July 19th second quarter earnings release, SAP
will be required as a result of surpassing the 20% ownership threshold
in Commerce One to use the equity method of accounting to record, in
finance income, a portion of Commerce One`s net income or loss based
upon SAP`s investment percentage. Under U.S. GAAP, the equity method
must also be applied retroactively to improve comparability. Finance
income will thus be restated to include 2.6% and 4.4% of Commerce
One`s first and second quarter loss, respectively as well as other
acquisition related adjustments. Accordingly, SAP will reduce its
reported finance income for the first and second quarter of 2001 by
approximately (euro)8 million and (euro)85 million, respectively. The
impact is on financial income only. This is a purely accounting
measure that neither effects SAP`s cash position, nor its operating
results. The 2001 second quarter impact is largely due to the one-time
charges resulting from the write-off of intangible assets at Commerce
One.
SAP will release full retroactively adjusted Income Statements and
Balance Sheets for its 2001 first and second quarters on October 18th.
Also on that day, SAP will report its third quarter results.

About SAP

SAP is the world`s leading provider of e-business software
solutions. Through the mySAP.com(R) e-business platform, people in
businesses around the globe are improving relationships with customers
and partners, streamlining operations, and achieving significant
efficiencies throughout their supply chains. Today, more than 15,000
companies in over 120 countries run more than 36,000 installations of
SAP(R) software. With subsidiaries in over 50 countries, the company
is listed on several exchanges including the Frankfurt stock exchange
and NYSE under the symbol "SAP." (Additional information at
http://www.sap.com)

Any statements contained in this document that are not historical
facts are forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "intend," "may," "will," "expect," and "project" and
similar expressions as they relate to the Company are intended to
identify such forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various
risks and uncertainties that could cause actual results to differ
materially from expectations. The factors that could affect the
Company`s future financial results are discussed more fully in the
Company`s filings with the U.S. Securities and Exchange Commission
(the "SEC"), including the Company`s Annual Report on Form 20-F for
2000 filed with the SEC on March 28, 2001. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates.

--30--sds/ny*

CONTACT: SAP AG
Gundolf Moritz, [phone]
-or-
SAP AG
Stefan Gruber, [phone]
-or-
Taylor Rafferty
Jim Prout, [phone]

KEYWORD: GERMANY INTERNATIONAL EUROPE
INDUSTRY KEYWORD: E-COMMERCE INTERNET SOFTWARE MERGERS/ACQ
SOURCE: SAP AG

Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com




*** end of story ***

[EXXSAINT]

Jetzt wird jemand SAP stützen, sonst geht es gegen Süden!

$225 Mio hat CMRC, die Leiche gekostet! Nur 85 Mio EURO werden aktiviert??!!

Billanz TUNING vom feinsten!!

[Toppgun]

NAZ FUTURES LIMIT UP +32 in den BULLRUN an der naechsten wiederstands-linie rein SHORTEN 166-170
LOL
TOP

[Toppgun]

CMRC HEUTE MIT $3.15 GESCHLOSSEN. SIE DARF NUR NICHT UNTER $1 FALLEN SONST BYE BYE TO NASDAQ AND HELLO OTCBB!!

ABER SAP HAT JA GENUG EURO DIE SIE DANN IN USD WECHSELT UND DAMIT DEN KURS VON CMRC STUETZT!

[Toppgun]

ich habe es glaube ich schon einmal gesagt und sage es jetzt noch einmal:

-------------SHORT THE UGLY MOTHERFUCKER----------------
LOL
TOP

[Lisaman]

@Toppgun,
Kauf Dir mal eine neue Tastatur - Deine lässt sich wohl nicht mehr auf Kleinschreibung umstellen.

Bitte warte aber noch ein paar Wochen bis Du ein günstiges Angebot bekommst und verschone uns solange mit Deinen phantasielosen Wiederholungen...

[Cashlover]

Ob toppgun nun SAP-Puts hat und damit nicht ganz uneigennützig handelt oder nicht, ist doch egal.
Die Fakten (hohe Bewertung in Verbindung mit ganz und gar
intaktem Bärenmarkt), sprechen gegen SAP.
Denke jeder, der die Aktie im Depot hat, sollte zumindest ein enges SL legen.
Cashlover

[Toppgun]

@LEISERMAN
BITTE LEISER TRETEN UND SEIN`S NET SO UEBER SENSIBEL! ABER WENN SIE MEIN GHOSTWRITER WERDEN WOLLEN NUR ZU!!!

ICH SENDE IHNEN MEINE TEXTE, SIE TUN DIE SCHOEN GROSS UND KLEIN SCHREIBEN TUN WIE GEWUENSCHT, SENDEN SIE MIR ZURUECK UND ICH TU DIE DANN POSTEN TUN!

[Toppgun]

@ CASHLOVER
ICH BIN SAP SHORT, NIX MIT PUT SONDERN RICHTIG SHORT!!

BIN UEBERZEUGT DASS SAP FRUEHER ODER SPAETER EINBRECHEN WIRD ! WEIL, "ALLE LUEGEN" (HASSO GEMEINT) UND WENN SIE FRAGEN WARUM LUEGEN ALLE DANN ANTWORTE ICH IHNEN, "ICH WEISS ES AUCH NICHT WARUM, SIE LUEGEN EINFACH"!

ich bedanke mich fuer die muehe die ich gemacht habe,
fallschirm bequem anlegen
LOL
TOP

[Cashlover]

@toppgun,
peoplesoft sind auch fällig.
Ob da einer lügt, weiß ich nicht, sind aber trotzdem
fällig.
mfg

[EXXSAINT]

Morgan Stanley verkauft SAP

Morgan Stanley wird als großer Verkäufer von SAP
ausgemacht. Daneben kursieren Gerüchte um eine
bevorstehende Gewinnwarnung und das Auflegen
einer Anleihe, möglicherweise eines Convertible.
Händler meinen allerdings auch, zumindest die
Gewinnwarnungs-Gerüchte würden immer mal
hervorgeholt. +++Herbert Rude
vwd/3.9.2001/hru/gos

Ich bin hier nicht der einzige der Toppgun eine Sehr Gut gibt! Morgan Stanley zeigt es auf seine Art und verkauft!!

Ziel im Auge behalten
EXX

[Toppgun]

CMRC HEUTE $3.22 TIEF 3.03
UNTER EINEM DOLLAR WUERDE DANN DER OTC MARKET AKTUELL WERDEN! DANN KANN SAP DIE GANZE LECKERE SACHE GUENSTIG AUFKAUFEN!

NUR ES WIRD DIE BETEILIGUNG DIE ZU $4.75 ($225 MIO)EINGEKAUFT WURDEN AUCH ENTSPRECHEND AN WERT VERLIEREN.
LOL
TOP

[Toppgun]

COMMERCE 1 BEI STAND $1 HAETTE SAP 79% VOM INVESTMENT AN CMRC VERLOREN(-$177,000,000). ODER 201,000,000 EURO UND DAS IST MANCHER LEUTE GANZES GELD!

[Toppgun]

SHORT THE UGLY MOTHERFUCKER es ist noch nicht zu spaet! DIE SAU HAT NOCH GENUG FETT AM KNOCHEN!

Gut das ich dran bin
Fallschirm sitzt bequem?
LOL
TOP

[Toppgun]

WIESO IST TOP SO GUT? KANN MIR DASS EINER SAGEN? ICH GLAUBE DER IST ALS KIND IN DEN TOPF MIT SCHLAUHEITSTRANK GEFALLEN?

sind alle fallschirme aufgegangen?
lol
top

[Toppgun]

NA BITTE ICH HABE ES JA GEWUSST IN ZUKUNFT SAGE ICH AUCH NOCH GENAU DIE WOCHE WANN ES PASSIERT UND WANN IHR DIE REISSLEINE VOM FALLSCHIRM ZIEHEN MUESST!

laut furzen entspannt,
LOL
TOP

SAP May Post Decline in U.S. Sales

Boston, Sep 10, 2001 (MidnightTrader via COMTEX) -- European business software
firm SAP (SAP) is declining this morning on 60,000 Instinet shares after an
executive told a German magazine the company may post a decline in U.S. sales
while it increases its market share in the region. Also sending the stock lower
is a downgrade overnight from Morgan Stanley, cutting its rating to Neutral from
Outperform.

Price: 27, Change: -2.25, Percent Change: -7.7%


URL: http://www.Midnight-Trader.com

Copyright (C) 2001 MidnightTrader.com. All rights reserved.
Unauthorized reproduction is strictly prohibited.

-0-


SUBJECT CODE: PMKT.MN
EARN.MN

*** end of story ***

[Toppgun]

COMMERCE ONE BEI $2.75 TIEF BEI 2.62 (HEUTE -10%) DA HABEN SICH DIE $225,000,000 SCHON FAST HALBIERT!!

WENN CMRC DANN BEI $2.375 STEHT IST ES SOWEIT!=-50%

DANN WIRD ES ZEIT ZU VERBILLIGEN UND EIN GELDI NACH CALFUTNIEN ZU UEBERWEISEN!

LOL
TOP

[Toppgun]

ICH HOFFE IHR SEIT ALLE SHORT DENN HIER KOEMMT DIE BOMBE!

Bear Stearns initiated coverage on the stock with a sell rating.

German business software company SAP (SAP:NYSE ADR - news - commentary - research) was down 6% in preopen Instinet trading after Bear Stearns initiated coverage on the stock with a sell rating.

In a research note to investors, Bear Stearns said SAP should be more realistically valued at $22. Friday`s closing price was $29.25.

SAP faces increased risk as it shifts its business model to a reliance on new products, the note said, adding that a delayed impact from the current economic slowdown could be felt in second-half results.



The note also said questions remain about SAP`s recent financial results. A "very weak first half of 2000" makes comparisons with 2001 results seem stronger than they actually are, Bear Stearns said.


http://www.thestreet.com/_yahoo/markets/techmovers/10000902.…

[Toppgun]

ICH HABE NATUERLICH GEMEINT 4 FLUGZEUGE NICHT DIE BOMBE!

ICH HOFFE IHR SEIT ALLE SHORT DENN HIER KOEMMT DIE BOMBE!

Ich werde jetzt HELLSEHER,
lol
top

[Toppgun]

DIES HAT ZWAR NICHTS MIT SAP ZU TUN ABER ES GEHT UNS ALLE AN!!

Subject: this will make you think, is he right?


>
> Thoughts From a retired United States Marine Corps Captain.
>
>
>
> Here`s a different perspective on the situation. Rather than wearing red, white and blue or wrapping yellow ribbons on everything maybe it`s time to actually do something.
>
> This was written by Fred Reed.
>
>
>
> "A few unorganized thoughts regarding the events in New York: (1) We lost.
Our moral posturing about our degradation is merely embarrassing. We have
been made fools of, expertly and calculatedly, in the greatest military
defeat the country has suffered since we fled from Viet Nam. The Moslem
world is laughing and dancing in the streets. The rest of the earth, while
often sympathetic, sees us as the weak and helpless nation that we are. The
casualty figures aren`t in, but 10,000 dead seems reasonable, and we wring
our hands and speak of grief therapy. We lost. (2) We cannot stop it from
> happening again. Thousands of aircraft constantly use O`Hare, a few
minutes flying time from the Sears Tower. (3) Our politicians and talking
heads speak of "a cowardly act of terrorism." It was neither cowardly nor, I
> think, terrorism. Hijacking an aircraft and driving it into a building
isn`t cowardly. Would you do it? It requires great courage and dedication --
which our enemies have, and we do not. One may mince words, but to me
> the attack looked like an act of war. Not having bombing craft of their
own, they used ours. When we bombed Hanoi and Hamburg, was that terrorism?
(4) The attack was beautifully conceived and executed. These guys are good.
> They were clearly looking to inflict the maximum humiliation on the United
States, in the most visible way possible, and they did. The sight of those
two towers collapsing will leave nobody`s mind. If we do nothing of
> importance in return, and it is my guess that we won`t, the entire earth
will see that we are a nation of epicenes. Silly cruise-missile attacks on
Afghanistan will just heighten the indignity. (5) In watching the coverage,
> I was struck by the tone of passive acquiescence. Not once, in hours of
listening, did I hear anyone express anger. No one said, coldly but in
deadly
> seriousness, "People are going to die for this, a whole lot of people."
There was talk of tracking down bin Laden and bringing him to justice.
"Terrorism experts" spoke of months of investigation to find who was
responsible, which means we will do nothing. Blonde bimbos babbled of
> coping strategies and counseling and how our children needed support.
There was no talk of retaliation. (6) The Israelis, when hit, hit back. They
hit back hard. But Israel is run by men. We are run by women. Perhaps
> two-thirds of the newscasters were blonde drones who spoke of the attack
over and over as a tragedy, as though it had been an unusually bad storm --
unfortunate, but inevitable, and now we must get on with our lives. The
> experts and politicians, nominally male, were effeminate and soft little
things. When a feminized society runs up against male enemies -- and bin
Laden, whatever else he is, is a man -- it loses. We have. (7) We haven`t
> conceded that the Moslem world is our enemy, nor that we are at war. We
see each defeat and humiliation in isolation, as a unique incident unrelated
to
> anything else. The 241 Marines killed by the truck bomb in Beirut, the
extended humiliation of the hostages taken by Iran, the war with Iraq, the
bombing of the Cole, the destruction of the embassies in Kenya and
> Tanzania, the devastation of the Starke, the Saudi barracks, the dropping
of airliner after airliner -- these we see as anecdotes, like pileups of
cars on a snowy road. They see these things as war. We face an enemy more
> intelligent than we are. (8) We think we are a superpower. Actually we are
not, except in the useless sense of having nuclear weapons. We could win an
air war with almost anyone, yes, or a naval war in mid-Pacific. Few
> Americans realize how small our forces are today, how demoralized and
weakened by social experimentation. If we had to fight a ground war in
terrain with cover, a war in which we would take casualties, we would lose.
(9) I have heard some grrr-woofwoofery about how we should invade
> Afghanistan and teach those ragheads a lesson. Has anyone noticed where
Afghanistan is? How would we get there? Across Pakistan, a Moslem country?
Or through India? Do we suppose Iran would give us overflight rights to bomb
another Moslem country? Or will our supply lines go across Russia through
Turkmenistan? Do we imagine that we have the airlift or sealift? What effect
do we think bombing might have on Afghanistan, a country that is essentially
rubble to begin with? We backed out of Somalia, a Moslem
> country, when a couple of GIs got killed and dragged through the streets
on TV. Afghans are not pansies. They whipped the Russians. Our sensitive and
socially-conscious troops would curl up in balls. (10) To win against a
> more powerful enemy, one forces him to fight a kind of war for which he
isn`t prepared. Iraq lost the Gulf War because it fought exactly the kind of
war in which American forces are unbeatable: Hussein played to his
> weaknesses and our strengths. The Vietnamese did the opposite. They
defeated us by fighting a guerrilla war that didn`t give us anything to hit.
They understood us. We didn`t understand them. The Moslem world is
> doing the same thing. Because their troops, or terrorists as we call them,
are not sponsored by a country, we don`t know who to hit. Note that Yasser
Arafat, bin Laden, and the Taliban are all denying any part in the
> destruction of New York. At best, we might, with our creaky intelligence
apparatus, find Laden and kill him. It`s not worth doing: Not only would he
have defeated America as nobody ever has, but he would then be a martyr.
> Face it: The Arabs are smarter than we are. (11) We are militarily weak
because we have done what we usually do: If no enemy is immediately in
sight, we cut our forces to the bone, stop most R&D, and focus chiefly on
sensitivity training about homosexuals. When we need a military, we don`t
have one. Then we are inutterably surprised. (12) The only way we could save
any dignity and respect in the world be to hit back so hard as to make teeth
rattle around the world. A good approach would be to have NSA
> fabricate intercepts proving that Libya was responsible, mobilize
nationally, invade, and make Libya permanently a US colony. Most Arab
countries are militarily helpless, and that is the only kind our forces
could defeat. Doing this, doing anything other than whimpering, would
> require that ancient military virtue known as "balls." Does Katie Couric
have them? "

[Toppgun]

COMMERCE ONE BEI $2.80 TIEF BEI 2.59!

WENN CMRC DANN BEI $2.375 STEHT IST ES SOWEIT!=-50%

In einiger zeit wird wird SAP 5 Euro und CMRC $3 gleich ziehen !


Fallschirm war eine gute investition

LOL
TOP

[Angela01]

Meine Herren SAP wird STEIGEN eventuell noch Test 100
und dann rauf auf 150, ich kaufe einen Call 626190 .
Meinungen erwünscht.

[Toppgun]

SAP Approves Buyback of Shares To Be Used in Its Acquisition Plans

Dow Jones Newswires

WALLDORF, Germany -- SAP AG`s executive board Friday said it has approved the repurchase of up to 400 million euros ($367 million) of the software group`s shares, which will be used in its incentive and acquisitions plans.

At the annual general meeting of the world`s third-largest software maker in May, shareholders authorized the board to repurchase up to 30 million shares by no later than Oct. 31, 2002.

"Shares repurchased are to be used primarily for the purpose of fulfilling the company`s long-term incentive plan or in the context of acquisitions," SAP said.

The share purchases will be made "from time to time at the company`s discretion subject to market conditions," SAP said. They may commence or be suspended without prior notice, it said.

SAP shares gained 4% to 114.25 euros in midday trading in Frankfurt.

SAP Confirms Third-Quarter Targets but Full-Year Is Open to Revision (Sept. 20)

SAP Considers Acquisition Spree to Rival the U.S.`s Siebel Systems (Sept. 11)

SAP has "no concrete acquisition targets," a SAP spokesman said, adding that the shares purchased in the buyback program will help increase the flexibility of the management.

SAP repurchased shares earlier this year to cover its employee stock-option plan, but didn`t make a separate announcement for that program because it was a smaller amount, the spokesman said.

Friday`s share buyback announcement comes at a time of weakness in SAP`s share price. Since the beginning of September, the share price has fallen more than 25% because of concerns about the company`s ability to meet earnings expectations.

SAP last week reiterated its expectations for the rest of the year in an effort to dispel these fears.

SAP has been looking closely at acquiring smaller software companies as part of a drive to catch up to U.S. rival Siebel Systems Inc., the leader in a key area of the application-software business.

SAP is the world`s largest maker of back-office software, for internal operations such as manufacturing and purchasing. As that market has become saturated, growth has shifted to front-office applications that help companies deal with their customers, an area SAP`s rival Siebel dominates.

Thema Aktienrueckkauf: d.h. DIE SAU WIRD FUERS ERNTE DANK FEST GEMAESTET DAMIT BEI DER SCHLACHTUNG DAS FETT AUS DEN WUNDEN RINT!

ALS CHEF KUMPEL KAUFE ICH NATUERLICH LIEBER AKTIEN ZURUECK BEI 50 ALS BEI 140 GELLE!!

FALLSCHIRM ZUSAMMENLEGN SO DASS ER WIEDER AUFGEHT WENN MAN IHN BRAUCHT
LOL TOP

[Toppgun]

SAP is to absorb CommerceOne after cuts: Focus

WALLDORF, Germany (FTMW) - Europe`s largest software maker SAP plans to take over U.S. online commerce software maker CommerceOne once the California-based company cuts 40 percent of its staff, German ...

Full Story:
http://www2.cluster1.alerts.com/alerts/ClickThrough?Address=…

[Toppgun]

Ich betreibe PINOCHIO Analysen an allen aktien Maerkten! Dazu habe ich eine L-NASEN Brille entwickelt wo ich sehen kann wem eine lange NASE WAECHST!
HASSO P. hat eine sehr lange NASE!

keinen fallschirm gehabt?
LOL
TOP