Analysts Mixed on Enterprise Software Vendors

Merrill Lynch cut its rating on SAP from buy to neutral, saying that it doesn't see a corporate IT spending recovery in 2009, so there is question as to the company's assumptions on license fees. But that hardly seems like a uniform take of the market on the software industry, which is more mixed and less certain. There are some big software names I left out, including IBM and HP, because a rating could be too much influenced by economic outlook for services or hardware. But, by and large, I don't think that equity analysts offer a clear view as to how the enterprise software market as a whole is likely to do.

Coin image via Flickr user K3nna, CC 2.0.