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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (48244)	7/9/2012 2:09:01 AM
From: Johnny Canuck	Respond to of 70668

0:23AM Software stocks slide on Informatica warning ( INFA CTXS CRM VMW RHT ADSK ) by Dan Gallagher SAN FRANCISCO (MarketWatch) -- Several stocks of companies that specialize in corporate IT software slumped Friday morning following a lowered outlook from Informatica ( infa) , which blamed the softening global economy and Europe in particular for the shortfall. Citrix Systems ( ctxs) was off more than 7%, while Autodesk [adsk] and Red Hat ( rht) fell more than 6% in early trades. Salesforce.com ( crm) and SAP ( sap) fell more than 4%. The large-cap leaders of the group -- Microsoft ( msft) and Oracle ( orcl) -- were down 1.8% and 2%, respectively. "We will closely monitor other infrastructure software companies such as VMware and Citrix in coming days to discern whether there is any sector wide softening in demand," Kash Rangan of Bank of America/Merrill Lynch wrote in a note to clients, in which he downgraded Informatica to an underperform rating. 10:13AM Informatica crashes on lowered outlook, downgrades ( INFA ) by Dan Gallagher SAN FRANCISCO (MarketWatch) -- Shares of Informatica Corp. ( infa) crashed more than 30% to $30.23 on Friday morning after the maker of data-integration software lowered its outlook for the second quarter, citing "the changing macroeconomic environment, especially in Europe." The company now expects revenue to come in between $188 million and $190 million, with adjusted earnings in the range of 27-28 cents a share. It had previously expected revenue to be in the range of $210 million to $220 million, with earnings in the 35-37 cents-per-share range. At least three brokers downgraded the stock before Friday's opening bell. "We don't believe this is a product strategy / structural issue but softening demand and a sales team transition will reset estimates and leave few near term catalysts to help support the stock," wrote Aaron Schwartz of Jefferies & Co. in a note to clients, cutting his rating on the shares from buy to hold. 10:11AM Jobless rate 'unacceptably high,' Romney says by Robert Schroeder WASHINGTON (MarketWatch) -- President Barack Obama's policies have failed the U.S. economy, Republican presidential hopeful Mitt Romney said following Friday's release of jobs data. Romney said the 8.2% unemployment rate is "unacceptably high" and that he would lower taxes, open new markets for trade and expand energy production in the United States. Government data show that the U.S. added 80,000 jobs in June, fewer than expected by economists.