« I'm #4! I'm #4! | Main | Blogging Can Be Bad For You »

Latest Stories

• Excel Wankers and Recession Averages
• Sorry, New York is Closed. Check Back Later.
• Catching Falling 2009 Earnings Estimate Knife
• Survivorship Bias in Global Markets
• Talking Positions on a Lazy-ish Retirement Portfolio

January 6, 2008

GS: Salesforce & Tibco Downgraded to Sell Rating

Late tonight Goldman Sachs downgraded Salesforce.com to a Sell rating. Even if it was on a valuation/price basis, this coming on top of downbeat stuff in Barron's on the weekend about software-as-a-service stocks in general, this won't be good for the group.

And while they were at it, GS analysts took Tibco to sell as well, this time citing a "challenging IT spending environment". Wonder why that doesn't apply to Rightnow (which was upgraded), or to Salesforce (which was downgraded for different reasons)? And why not get specific: Tibco has among the highest exposures in the IT group to the financial sector. There's your problem right there, boys and girls.

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it   |   Facebook it