Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

CS First Boston Lowers Rational Software

CS First Boston downgraded Rational Software (RATL) to buy from strong buy and cut estimates.

Rational's management indicated it was pleased with bookings and claims the firm hasn't depleted its order backlog, says Analyst Wendell Laidley. Still, Q4 was more challenging and back-end loaded, leading management to conclude that lowering the fiscal 2002 guidance was prudent given the anticipation of a tougher environment.

In accordance with the guidance, Laidley cut his $1.15 billion fiscal 2002 revenue estimate to $904 million and cut the $0.85 fiscal 2002 EPS to $0.51, suggesting year-over-year revenue growth of 11% -- and a significant drop in EPS from $0.69 posted in fiscal 2001.

blog comments powered by Disqus