SAP bought ARBA yesterday-paying 6x sales. SAP also said they will step up deals in emerging markets. You have seen massive consolodation in this space and it will continue bigtime. Most deals are 3-6x revenue. Adam last call said you will see big consolidation in the next 5 years in this China sector-. The big question is really how the consolidation will play out in China the next 5 years in every sector. SAP basicly is efut main competitor in China- Kingdee and other Hong Kong guys are there too.
Next week the conference is to talk up the great earnings coming. They are growing well now after some of the spending on infrastructure and building the company model. At long last this one is on the up climb again. It will be fast to about $14 after the earnings next week then consolidation and a quick climb to at least $40 IMO