Sybase Inc’s shares have plunged 15% as investors worry about the declining sales growth of some of the company’s core database-server products: sales of the company’s database server software grew about 30% in the second quarter, compared with growth earlier this year of about 60%, analysts fretted – In absolute dollars, server revenues were down […]
Sybase Inc’s shares have plunged 15% as investors worry about the declining sales growth of some of the company’s core database-server products: sales of the company’s database server software grew about 30% in the second quarter, compared with growth earlier this year of about 60%, analysts fretted – In absolute dollars, server revenues were down sequentially from $58m to $52m, said Gruntal & Co analyst Roxane Googin in research notes.
