Oracle

(ORCL) - Get Report

was down 5.7% in midafternoon after

Goldman Sachs

cut its 2001 estimates for several software companies, citing the threat of "an increasingly difficult economic environment, or a recession."

Also affected were

Microsoft

(MSFT) - Get Report

, which was up 0.3% and

Ariba

(ARBA)

, down 6.4%.

Banc of America

also lowered earnings estimate for a number of software companies, including Oracle.