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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: October 15, 1999
SAP AKTIENGESELLSCHAFT
SYSTEME, ANWENDUNGEN, PRODUKTE IN DER DATENVERARBEITUNG
(Exact name of registrant as specified in its charter)
SAP CORPORATION
SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING
(Translation of registrant's name into English)
Neurottstrasse 16
69190 Walldorf
Federal Republic of Germany
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____
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SAP AKTIENGESELLSCHAFT
SYSTEME, ANWENDUNGEN, PRODUKTE DER DATENVERARBEITUNG
FORM 6-K
SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in der Datenverarbeitung,
a stock corporation organized under the laws of the Federal Republic of Germany
(the "Company"), issued a press release dated October 13, 1999 (the "Press
Release"). The Press Release is attached as Exhibit 99.1 hereto and is
incorporated by reference herein.
Any statements contained in the Press Release 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 un-
certainties 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 1998 filed with the SEC on May 18, 1999. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only of their dates.
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EXHIBITS
EXHIBIT NO. EXHIBIT
- ----------- -------
99.1 Press Release, dated
October 13, 1999
3
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SAP AKTIENGESELLSCHAFT SYSTEME,
ANWENDUNGEN, PRODUKTE IN DER
DATENVERARBEITUNG
(Registrant)
By: /s/ Prof. Dr. Henning Kagermann
--------------------------------
Name: Prof Dr. Henning Kagermann
Title: Co-Chariman and CEO
By: /s/ Dieter Matheis
--------------------------------
Name: Dieter Matheis
Title: Chief Financial Officer
Date: October 15, 1999
4
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EXHIBIT INDEX
EXHIBIT NO. EXHIBIT
99.1 Press Release, dated
October 13, 1999
5
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[SAP LOGO] Press
Information
FOR IMMEDIATE RELEASE
Contact: Kevin S. McKay
SAP America
610-355-4060
-or-
Gundolf Moritz
SAP AG
011-49-6227-74-4872
-or-
James P. Prout
Taylor Rafferty Associates
212-889-4350
SAP REVISES EXPECTATIONS FOR 1999
WALLDORF, GERMANY -- OCTOBER 13, 1999 -- SAP AG (NYSE: SAP), the leading
provider of inter-enterprise solutions, today announced that it anticipates its
1999 revenues to be lower than initially expected. Following a preliminary
analysis of third quarter results, SAP's Board is no longer maintaining its
forecast of an increase in revenues of 20% to 25% and improved pre-tax profit
margin of up to one percentage point.
SAP's Board anticipates that despite an increase in third quarter revenues of
about 7%, an increase in revenues of between 15% to 20% for 1999 can still be
achieved. This analysis is chiefly based on the continuously strong fourth
quarter sales pipeline and the increasingly positive response among customers to
the Internet product mySAP.com, launched in September in the US. Depending on
the development of software revenues in the fourth quarter, the Board now
expects a lower pre-tax profit margin than last year (1998: 21.6%).
SAP will offer more detailed information in its third quarter results
announcement, press conference and conference call, all on October 20, 1999.
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Any statements contained in this document that are not historical facts are
forward-looking statements as defined in the Private Securities Litigation
reform Act of 1995. Words such as "believe", "expect" and "project" as they
relate to the company are intended to identify such forward-looking statements.
The company undertakes no obligation publicly to 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
Securities and Exchange Commission, including the Company's Form 20-F for 1998
filed with the SEC on May 18, 1999.
SAP AG preference and common shares are listed on the Frankfurt Stock Exchange
as well as a number of other exchanges. In the US, SAP's American Depositary
Receipts (ADRs), each worth one-twelfth of a preference share, trade on the New
York Stock Exchange under the symbol `SAP'. SAP is a component of the DAX, the
index of 30 German blue chip companies.
Information on the SAP AG preference shares is available on Bloomberg under the
symbol SAP3 GR, on Reuters under SAPG_p.F or DE and on Quotron under SAGVD.EU.
Information on the SAP common shares is available on Bloomberg under the symbol
SAP GR, on Reuters under SAPG.F and on Quotron under SAGR.EU. Additional
information is available on SAP AG's home page: http://www.sap.com.
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