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Industry Discussions / Computer Software
|Subject: Software Going Soft||Date: 4/6/2005 2:56 PM|
|Author: TMFTwitty||Number: 533 of 549|
Software Going Soft
By Tom Taulli
April 6, 2005
Software companies are getting softer and softer for investors. In the past week, we've seen a rash of warnings. Visual Networks (Nasdaq: VNWK) is down approximately 25% to about $2.11, Altiris (Nasdaq: ATRS) is down roughly 20% to the $19 range, and SeeBeyond (Nasdaq: SBYN) is down by about 8% to around $2.95 -- and this all came out yesterday.
What's to blame for the fallout? A big culprit is the never-ending villain, Sarbanes-Oxley (SOX). Congress and President Bush said they wanted to prevent future Enron and WorldCom episodes when the bill became law in 2002. It's possible that SOX has done just that. But one thing is certain: The new law has significantly increased the cost of being a public company...
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