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Warning Fever Sweeps Through Software Investors

 

The battered software sector was pummeled just a bit more Tuesday as a slew of stocks set new 52-week lows amid fears of preannouncements.

Big and small software makers alike suffered in the carnage. Among the companies whose stocks dropped to those new 52-day intraday depths:

  • Siebel Systems(SEBL Quote)
  • PeopleSoft(PSFT Quote)
  • BEA Systems(BEAS Quote)
  • VeriSign(VRSN Quote)
  • Autodesk(ADSK Quote)
  • Check Point Software Technologies(CHKP Quote)
  • Vitria Technology(VITR Quote).

    The Goldman Sachs Software Index fell as low as 100.65, below its previous 52-week low of 101.25, before moving up to 101.64, still down 2.9% from Monday's close. ...

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