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Business

Wall Street cuts software firms' estimates

Leading software companies have been silentamid the din of profit warnings, but analysts arenow preparing for the worst. Goldman Sachs andBanc of America Securities cut their 2001 salesand earnings estimates for a bunch of softwarefirms Tuesday--including bellwethers such asMicrosoft and Oracle--and said profit warnings arelikely.
Written by ZDNET Editors, Contributor on

Leading software companies have been silent amid the din of profit warnings, but analysts are now preparing for the worst. Goldman Sachs and Banc of America Securities cut their 2001 sales and earnings estimates for a bunch of software firms Tuesday--including bellwethers such as Microsoft and Oracle--and said profit warnings are likely. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor

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