Regards,
Don
Regards,
Don
TAKING THE PULSE: Worldwide enterprise software revenue is expected to surpass $232 billion this year, a 4.5% increase from the prior year, according to Gartner Inc.’s (IT) latest forecast. The industry researcher said aging systems, as well as greater demand for security and aligning software with business requirements, are influencing end users to increase their spending. Emerging markets, which were less affected by the latest economic downturn, are expected to invest heavily in enterprise software in the next few years, Gartner said.
Meanwhile, smaller players Tibco Software Inc. (TIBX), Progress Software Corp. (PRGS) and Lawson Software Inc. (LWSN) have in recent weeks reported sales and margin growth in their most recent quarters. Business-software giant Oracle Corp. (ORCL) also notched an impressive increase, as it benefited from new revenue from its Sun Microsystems acquisition, as well as strong demand for software licenses.
Regards,
Don
In the corporate corner, Air Products & Chemicals (NYSE:APD) upped its offer for Airgas (NYSE:ARG) to $65.50 from $63.50 per share, equaling $5.5 billion.
Oracle’s (NASDAQ:ORCL) CEO Larry Ellison backed up his earlier comments on the wisdom of Hewlett-Packard’s (NYSE:HPQ) recent firing of CEO Mark Hurd, opening its co-President slot to Hurd. Goldman Sachs (NYSE:GS) upgraded Oracle shares to its Conviction Buy List, with a price target of $27.
Regards,
Don
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Regards,
Don

