The News Review:
- Sector Snap: Software Shares Fall
- SAP Software A ‘Complete Failure,’ Lawsuit Claims
- New Genomics Software Infers Ancestry With High Accuracy
- Tibco Software posts in-line 1Q earnings, revenue tops Street…
Sector Snap: Software Shares Fall
Motley Fool – Mar 27, 2008
reported third-quarter revenue below analyst expectations. The shortfall led Cross Research analyst to downgrade Oracle to “Hold” from “Buy,” and Citi Investment Research analyst Brent Thill to reduce his share price target to $25 from $28. 47, or 7 percent, to $19.
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SAP Software A ‘Complete Failure,’ Lawsuit Claims
InformationWeek – Mar 27, 2008
During the initial pilot project in New Mexico, Waste Management discovered the software was “unable to run [our] most basic revenue management operation. ” Waste Management alleges that SAP tried to solve the problem by rewriting tens of thousands of lines of core code during the implementation process. But that only caused further failures and made the system incompatible with future upgrades, Waste Management claims. That pilot, originally scheduled for completion in December 2006, is “not even close to being completed today,” Waste Management said. It appears that Waste Management is looking to kill the SAP project. SAP proposed a new development project to fix the problems that would result in completing the project in 2010 “without any assurance off success,” Waste Management said. But that would require the company to “once again act as SAP’s guinea pig by agreeing to convert what was supposed to be an 18-month out-of-the-box implementation into an even more expensive, longer and highly risky software development project.
New Genomics Software Infers Ancestry With High Accuracy
Science Daily – Science Daily (press release) – Mar 27, 2008
New genomics analysis software developed by computer scientists at Stanford appears far more adept than prior methods at unraveling the ancestry of individuals. Going back 20 generations the software can identify what continent or broad global region an individual’s ancestors were from.
Tibco Software posts in-line 1Q earnings, revenue tops Street…
Forbes – Mar 27, 2008
reported late Thursday first-quarter adjusted net income of $14. 1 million, or 7 cents a share, meeting the mean estimate of analysts polled by Thomson Financial. In the same period a year earlier, the company posted adjusted earnings of $15. 2 million, or 7 cents a share.
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