Business
Software stocks buried on warnings
Software stocks were leveled as the markets absorbed a landslide of profit warnings from the likes of Ariba, Broadvision, Epiphany, Documentum, Inktomi and MicroStrategy. A slew of e-business software companies warned after the bell Monday night, making Tuesday a dark day as Wall Street analysts slashed earnings targets and ratings on the entire sector.
Software stocks were leveled as the markets absorbed a landslide of profit warnings from the likes of Ariba, Broadvision, Epiphany, Documentum, Inktomi and MicroStrategy.
A slew of e-business software companies warned after the bell Monday night, making Tuesday a dark day as Wall Street analysts slashed earnings targets and ratings on the entire sector. The recent profit warnings topped off earnings misses from other similar companies such as i2 Technologies and ArtTechnology. Story. --Tiffany Kary ZDII