Software Service Stocks Downgraded on Exposure to Financial Sector

Late tonight Goldman Sachs downgraded Salesforce.com (CRM) to a Sell rating. Even if it was on a valuation/price basis, this coming on top of downbeat stuff in Barron's on the weekend about software-as-a-service stocks in general, won't be good for the group.

And while they were at it, GS analysts took Tibco (TIBX) to sell as well, this time citing a "challenging IT spending environment". Wonder why that doesn't apply to Rightnow (RNOW) (which was upgraded), or to Salesforce (which was downgraded for different reasons)? And why not get specific: Tibco has among the highest exposures in the IT group to the financial sector. There's your problem right there, boys and girls.