SAP "overweight"

19.04.06 - J.P. Morgan Securities

LONDON, April 19 (newratings.com) - Analyst John Segrich of JP Morgan maintains his "overweight" rating on SAP (SAP-EUR).

In a research note published this morning, the analyst mentions that the company is likely to post its 1Q06 licenses in-line with the estimates. SAP?s potential issuance of a bonus issue, launch of Mendocino with Microsoft and shift to a new architecture are expected to act as catalysts for the company?s share price until 2007, the analyst says.