Software Stocks Update: June 2005

The Software Stock Index was off 2.3% in June compared to the NASDAQ's 0.5% loss.  The average stock was actually up 0.9% indicating the small caps outperformed big caps.  This month's worst performning sectors were Digital Media (-13.8%) thanks to weakness at Adobe, Development Tools (-15.1%) thanks to weakness at Macromedia and Mercury Interactive, and Security (-6.9%) mostly due to Verisgn and Checkpoint .  The best performing sectors were Asset Mangement (+5.3%) thanks to a big month for Datastream, Financial Services (+4.4%) thanks a Ameritrade's takeover dance and Operations Management (+4.1%) thanks to strong months for Motive and Intraware .  For all of Q2, Software stocks were down 2.0% compared to the NASDAQ's gain of 2.9% so software stocks had a pretty bad quarter relative to the rest of the technology market.

For a detailed breakdown of all the stock statistics including a record of all of the M&A in the space, click to here download an Excel spreadsheet with the data and click here to get Microsoft's automatic stock quote downloading plug-in for Excel if you don't already have it.