Aug 24, 2012 | Posted by: roboblogger | Full story: SchaeffersResearch.com
The stock was cut to "hold" from "buy" at Canaccord Genuity and lowered to "underperform" from "neutral" at Bank of America-Merrill Lynch, while also receiving price-target cuts at Barclays, Jefferies, and UBS.
The leadership at Autodesk is out of touch. With the technology they have they should be growing. Instead they are lowering prices and giving product away. Giving away product means lost sales and devaluation of their products.
I suggest a shake up at the top. Bring back Carol Bartz.
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