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Hi Brent

Very nice write-up on SAP.
I am looking into buying a ERP Stock in the next month.
How do you compare SAP vs PSFT ?
PSFT seems cheaper and since its smaller, may have larger room to grow ?
PSFT fundamentals: PE=84; 5-year Estimate PE=15;
smaller market cap; 5-year Estimated Growth=45%
next year PE=45 (SAP is 71).
What do you think ?
on the other hand, with SAP getting listed next August in the US and at a lower split price, we could see a good run-up in price ?
any comments would be appreciated.
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