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Software Stocks Update: March 2006

Software Stocks modestly outperformed the rest of the market in February with the Software Stock Index up 3.3% vs. the NASDAQ's 2.6% gain. The strength was largely due to strong performances from several large cap stocks, especially Oracle (+10.1%) and SAP(+6.9%).  The average stock was up 4.5% thanks to even stronger small call performance.  The best performing sector was Wireless (+12.3%) due to strength at Openwave and Inforspace while the worst performing sector was, one again, Clinical Apps (-4.6%).

There were, yet again, no software IPOs this month.  In fact there were no Software IPO's in the 1st quarter. The two M&A transactions this month were both private buyouts with Silver Lake buying Serena Software and Golden Gate buying business intelligence player GEAC.

For a detailed breakdown of all the stock statistics including a record of all of the M&A in the space, click here to download an Excel spreadsheet with the data and click here to get Microsoft's automatic stock quote downloading plug-in for Excel if you don't already have it.

April 4, 2006 in Software, Stocks | Permalink


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The thoughts and opinions on this blog are mine and mine alone and not affiliated in any way with Inductive Capital LP, San Andreas Capital LLC, or any other company I am involved with. Nothing written in this blog should be considered investment, tax, legal,financial or any other kind of advice. These writings, misinformed as they may be, are just my personal opinions.