Shares of software makers sink on widespread fears
Posted in Software by admin | October 6th, 2008
Associated Press
10.06.08,
1:41 PM ET
Shares of major software companies sank sharply Monday amid a widespread market decline, fueled by investors' fears that Washington's $700 billion bailout package could take a while to free up frozen credit markets.
Software makers remained relatively unharmed for months as the subprime mortgage crisis seeped into the financial sector, but as short-term credit businesses need for daily operations Read the rest of this entry »