Wednesday, October 22, 2008

Huh? Sybase Makes Money?

By Chris Thompson
Wed, Oct 22, 2008 at 8:57 AM

Sybase has been one of the biggest casualties of the meltdown in the last few weeks. Tech was hit pretty hard in general, and as investors panicked and pulled their money, Sybase's stock dropped over and over. Guess who's got the last laugh now? The company released its third quarter numbers yesterday, and revealed that both its earnings and profit rose. Sybase execs also raised their revenue estimates for the end of the year. All those folks who dumped their shares must be feeling just a little stupid right about now.

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