Why did BMC (BMC Software) do well today in spite of a bad earnings report?
Day-to-day fluctuations in the market are difficult to forecast. However, BMC likely benefited from the overall enthusiasm in the market. However, we were disappointed as well with their earnings release and would not add to positions here. Q: Do you have any favorites among your holds, or all they all created equal, so to speak? A: They’re pretty much all created equal — a hold’s a hold! There are varying reasons why there’s the hold recommendation, but typically there are equal arguments to the upside and downside. Q: O.K., as time runs out, summarize what you’d buy or accumulate now. A: Sure. Our buy recommendation in software is Symantec, because of their positioning in the enterprise-security market, reasonable valuation, and solid management. Accumulates include Check Point, Electronic Arts, Oracle, EDS, Microsoft, Autodesk (ADSK ), Paychex (PAYX ), and ADP (Automatic Data Processing). Paychex and ADP, which we haven’t mentioned yet, are the leading payroll processors — they ar
