NEW YORK ( TheStreet) -- On July 3, I told you that Tibco Software (TIBX) looked like a great buy. This is even though the company, which is in a heated battle with (among others) Oracle (ORCL) and IBM (IBM), was coming off a fiscal second quarter in which revenue dropped 1% year over year. In that article, I said:"I still like Tibco's long-term prospects -- even though many others don't. Management deserves credit for the moves that they've made, many of which should create more value for shareholders over time. Accordingly, with long-term revenue growth that should outperform both IBM and Oracle, I value shares of Tibco at $25, or 15% above current value."
Tibco Needs to Raise the Bar
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