Look at todays analysts' downgrades of the entire software sector......tells you that it's the bottom now......VRTS comments:
A Software Stock You Can Trust?
By James J. Cramer
3/2/01 11:32 AM ET
With the big First Boston downgrade of software stocks and the blow-up at Oracle
(ORCL:Nasdaq - news - boards), is there a software company you can trust, that you
can buy into this morning's weakness and make some money? Especially considering
how the short-sellers are all over the place, overreaching to hammer things?
How about Veritas Software (VRTS:Nasdaq - news - boards)? On Monday afternoon,
when Veritas Software gives its monthly update, I think we will find out that things are
better than expected!
Personal computers, value-added semiconductors, fiber companies and
hardware-storage plays may have all felt the downturn. They have all grown hair, gotten
ugly, gone bad.
But software that makes storage faster and better is holding up, much better than I
thought it would. I think that's because companies actually save money (read: fire people)
by bringing Veritas Software in.
Monday, after the close, when everyone finds out how well Veritas is doing, we should
find out what happens when you give the starved dogs something they like to eat.
Veritas, sure to be down big at the opening, may be today's go-to stock |
