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

Markets & Finance

Bank of America Cuts Mercury Interactive to Neutral

Bank of America cut its investment rating on Mercury Interactive (MERQE) to neutral from buy, citing news that Amnon Landan, Douglas Smith, and Susan Skaer resigned as the company's chief executive officer, chief financial officer, and General Counsel, respectively, following an internal investigation of stock options grants.

Analyst Kirk Materne says there appears to be no change in the scope of the internal probe into the company. Materne believes the management reorganization could open the door for strategic alternatives, including mergers and acquisitions. He sees risks related to the unproven management changes, another potential delay in the company's filings past Nov. 30, and the potential concerns from customers. He cut his target to $35 from $42, or 22 times his 2006 earnings per share estimate of $1.58. He also sees $1.42 2005 earnings per share.

blog comments powered by Disqus