TIBCO Software downgraded to "underperform"

10/18/07 - Bear Stearns

NEW YORK, October 18 (newratings.com) - Analyst John DiFucci of Bear Stearns downgrades TIBCO Software Inc (TIBX) from "peer perform" to "underperform."

In a research note published yesterday, the analyst mentions that IBM has reported poor software results, which suggests increased risks for companies with exposure to large deals, particularly in financial services. TIBCO Software generates as much as 30%-40% of its revenues from its financial services business and its average deal size has been $500,000-$800,000, the analyst says.