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Software stocks remain set for rally - Lehman Bros.

MensagemEnviado: 15/10/2004 17:28
por Alfred E. Neuman
12:14pm 10/15/04

Software stocks remain set for rally - Lehman Bros.

(MSFT, ORCL, PSFT, BEAS, CA, VRTS, MERQ, SAP, LWSN, SEBL, DOX, CHKP, SYMC, INTU)

By Michael Paige

LOS ANGELES (CBS.MW) -- Software stocks remain likely to stage a December quarter rally and overall valuations remain "quite attractive," Lehman Bros. analyst Neil Herman said Friday. The strength in the sector over the past two weeks was a relief rally after results for the period didn't stack up as a disaster, unlike the prior quarter, he said. Herman favors Microsoft (MSFT) and Veritas Software (VRTS) among big-cap names