The strength of the tech sector and the road ahead will come into better focus when industry leaders report fourth-quarter earnings, starting with Intel on Thursday. The outlook for tech companies is for moderate Q4 growth in earnings and revenue, with momentum building in the first half of 2014, according to market trackers Thomson Reuters and FactSet Research. Following Intel (INTC), IBM (IBM), Verizon (VZ) and SAP (SAP) report earnings on
Workday (WDAY) stock hit a new high Tuesday after UBS hiked its rating on the company, saying its market capitalization eventually could rival that of its much-bigger, much-older rivals Oracle (ORCL) and SAP (SAP). Workday’s Internet cloud-based software is used by companies and other enterprises for HR, payroll and financial management is disrupting the market, “with little credible competitive threat over the medium term,” UBS analyst Brent
Manhattan Associates can still grow even when it doesn’t hit on all cylinders — and investors are OK with that, so far. The maker of software to manage warehouse and e-commerce operations, which competes with business software kingpins SAP (SAP) and Oracle (ORCL), last month reported Q3 results that soundly beat analyst views even though its license revenue fell by nearly double digits. Moreover, Manhattan executives told analysts on a conference