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Goldman Cuts INTU, DRIV to Sell; Cautious on Software

in News on July 9, 2008 at 7:49 am PT

Expressing caution on the software sector heading into second quarter earnings report, Goldman Sachs software analysts Sarah Friar, Sasa Zorovic, Derek Bingham and Frederick Grieb this morning chopped estimates on a host of software companies. They also cut their ratings on both Intuit (INTU) and Digital River (DRIV) to Sell from Neutral.