Thursday, January 15, 2009

Autodesk Hammered by the Stock Market!

Looks like buying up SoftImage & Alias has done little to help Autodesk's sagging stock price. It has lost 64% in the last year alone. Sure the whole stock market has been down but they don't own any toxic mortgages so something else is going wrong at the company. Their plan of trying to Microsoft the 3D animation software industry is not working out. It's funny that their latest purchase is SoftImage, something Microsoft bought in the 90's then later sold at a huge loss. They have also had to laid off 10% of their staff. Further information is provided via the link below.


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