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Technology Stocks : Broderbund Software -- Ignore unavailable to you. Want to Upgrade?


To: Brian Hornby who wrote (447)12/18/1997 11:16:00 AM
From: Colin Christie  Read Replies (1) | Respond to of 859
 
On briefing.com:

"Broderbund Software Inc. (BROD) 29 1/2 -4 1/4: --UPDATE-- UBS Securities downgrades developer of entertainment software concern to a "hold" from a "buy" as stock is near the firm's $35 price target"

Also, on wires:

"Volpe: Broderbund's shipment goals for Riven may be 'overly ambitious'. 60% of Broderbund's Riven shipments still in channel."

What do you all think of this? It isn't surprising to me that there is a large inventory in the channel, since the product is so new and demand has been furious. Opinions?



To: Brian Hornby who wrote (447)12/18/1997 12:16:00 PM
From: JF Quinnelly  Read Replies (1) | Respond to of 859
 
Too bad earnings didn't fall dramatically short, so the stock would have gone up...