Monday, September 27, 2004

Forbes.com: Oracle May Makes Things Tough For FileNet

Forbes.com: Oracle May Makes Things Tough For FileNet "S&P Equity Research has "a less aggressively negative opinion" on FileNet after recent stock price declines, but thinks product demand will be weaker than expected. The research firm cut the 2004 earnings estimate to 33 cents from 40 cents, cut the 2005 earnings estimate to 52 cents from 64 cents, and cut the 12-month price target to $17 from $18. S&P Equity Research said tech research firm Ovum said last week that Oracle (nasdaq: ORCL - news - people ) will in the fourth quarter announce new offerings that will compete with FileNet."

DBMSs rule...
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