Credit Suisse Disruptive Technology Portfolio Mover Of The Week: Ultimate Software - InformationWeek

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Credit Suisse Disruptive Technology Portfolio Mover Of The Week: Ultimate Software

An index of companies shaking up traditional business models.

Ultimate Software gained ground last week, as the provider of on-demand HR software and member of the Credit Suisse Disruptive Technology Portfolio benefited from stable demand and cautiously optimistic expectations for its third quarter.

The unpredictability of sales over the summer months often makes the September quarter a risky period for software companies. But unlike past years, several vendors have reported strong third-quarter financial results, indicating that demand is holding up within the industry. Most recently, Kenexa--another hosted HR software company--said its September quarter would come in ahead of management's forecast. Despite those announcements, many investors appear to have been expecting a 3Q earnings shortfall for Ultimate Software. But the stock rose when the company stated its earnings release date, thereby signaling that it would at least achieve prior forecasts. After announcing the timing of its 3Q results, the stock rose almost 13%, ending the week up 8.8%.

Disruptive Technology Portfolio
    Stock Price
10/18/06
% Change
Weekly
% Change
Year To Date
AAPL Apple Computer $74.53 1.8% 3.7%
ATYT ATI Technologies $21.44 0.3% 26.2%
BIDU Baidu.com, Inc. $83.37 -4.3% 32.5%
BBBB Blackboard $27.68 3.6% -4.5%
BRCM Broadcom $28.49 -0.5% -9.4%
CNQR Concur Technologies $15.36 6.8% 19.2%
CRM salesforce.com $40.40 1.3% 26.1%
CTSH Cognizant Technology $77.40 2.1% 54.0%
DRIV Digital River $54.35 3.3% 82.8%
EBAY Ebay $28.49 -2.1% -34.1%
GOOG Google Inc. $419.31 -1.7% 1.1%
INFY Infosys $51.00 2.5% -36.9%
KNXA Kenexa $30.85 6.9% 46.2%
MFE McAfee $27.24 2.3% 0.4%
MRVL Marvell $16.99 -3.5% -69.7%
NOVL Novell $6.11 -0.5% -30.8%
NSR Neustar $30.11 0.9% -1.2%
NVDA Nvidia Corp. $31.56 -2.4% 72.6%
RHAT Red Hat $19.07 -11.7% -30.0%
RIMM Research in Motion $109.79 -1.7% 66.3%
RNOW RightNow Tech $17.89 3.6% -3.1%
TLEO Taleo $12.05 8.6% -9.3%
TIBX TIBCO, Inc. $9.31 3.3% 24.6%
TXN Texas Instruments $31.57 -1.3% -1.6%
ULTI Ultimate Software $24.78 8.8% 29.9%
VRSN Verisign $20.83 2.5% -4.9%
WEBX WebEx Communications $37.64 -2.6% 74.0%
WIND Wind River $11.04 -0.5% -25.3%
WIT Wipro $14.55 3.3% 21.8%
YHOO Yahoo! Inc. $22.99 -5.2% -41.3%
  DTP Index Value 231.59 -0.3% 4.9%
SPX S&P 500 1,365.96 1.2% 9.4%

© 2006 Credit Suisse. Important disclosure information about potential conflicts of interest regarding the companies referenced above may be obtained at csfb.com/researchdisclosures, or by E-mailing [email protected] or calling 1-877-291-2683.

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