> H&Q upgraded late last weekend, BroadView supposedly did as well.
> This is sweet justice... Where the hell is Wendell Laidley? No
> strong upgrade from that guy? If anyone owes it to Paul and Tim,
> it is Wendell.
He did reiterate his buy last week...
Did anyone have a chance to listen to today's CC regarding integrated products for e-commerce and internet?
Rational Software up on strong Q3 results
NEW YORK, Jan 14 (Reuters) - Shares of Rational Software rose 13 percent Thursday after it reported third quarter earnings that beat Wall Street estimates.
Shares of Rational, which is based in Cupertino, Calif., traded at 29-7/8, up 3-5/16, and touched a new 52-week high of 31-1/2 earlier in the session.
The company reported third quarter profits, before special items, of $0.19 a share, $0.02 above consensus expectations of $0.17 a share, according to First Call. Net diluted earnings per share was $0.20, compared to $0.11 last year.
Credit Suisse First Boston analyst Wendell Laidley, in a research note, said the quarter was characterized by strong demand for Rational's bundled software suites, new products and Internet-related customer projects.
''Rational's sales organizations, combined with more suite sales, is driving record transaction volumes and large deals,'' Laidley said. ''Given strength of pipeline, most of the larger deals represent continued upside.''
He reiterated his buy rating and raised his price target on the company's shares to $37 from $29.
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