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Goldman Sachs Downgrades TIBCO (TIBX) to Sell


 
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Old 01-07-2008
Goldman Sachs Downgrades TIBCO (TIBX) to Sell

Tim Bass
Mon, 07 Jan 2008 14:15:39 +0000

I was looking at some of my favorite CEP companies this morning and noticed that Goldman Sachs analyst Derek Bingham just downgraded vendor TIBCO Software (TIBX) to Sell.
According to*Bingham, here,
… customers will move away from buying more expensive “best-of-breed” offerings, like Tibco’’s products, and more toward buying less expensive “good enough” substitutes that are bundled with broader solutions from the likes of IBM, Oracle Corp. and SAP AG.
At the time of this post, TIBCO was down around 5 percent in premarket trading.
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