Shares of VMware are on the rise this morning, spiking seven percent thanks to some decent earnings. On Thursday, the virtualization software firm reported a second-quarter profit of 20 cents a share, topping the 19 cents projected by analysts.
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Goldman Sachs published its “Americas: 2009 Software Outlook” report today and it’s as dismal and ugly a forecast as you’d expect, given the current economic climate.
Of course, as ugly as it was, it could have been worse.
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The econalypse is finally catching up with Google–according to the company’s recently released 10-Q and Barclays Capital analyst Douglas Anmuth, who apparently just read it. Noting that advertising spending generally declines in ugly economic conditions, Anmuth lowered his share price forecast for Google to $490 from $542.
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