Sungard Data Systems Falls on Downgrade - TheStreet

Sungard Data Systems (SDS) - Get Report, maker of software for financial services, was down 7.7% in midafternoon after Robertson Stephens downgraded its rating on the stock to market perform from strong buy.

In a research note, Robertson Stephens said "channel checks indicate technology officers at major investment banks are increasingly pessimistic regarding a spending turnaround" in the second half.