Tech Biz Report: Autodesk Leads Industry TUMBLE, Facebook LOSES Clarium Stake
Autodesk, Inc.’s (NASDAQ:ADSK) second quarter results have brought Baird to say that its shares should be bought on their current slump, as most of the numbers deficit that was posted was due to repairable problems in execution, along with temporary slowdowns in certain geographic areas. However, shares of Autodesk’s industry peers have also fallen on Friday, such as those of Adobe Systems Incorporated (NASDAQ:ADBE). Both firms sell expensive software to media and entertainment professionals. Also, it appears that Stratasys, Inc. (NASDAQ:SSYS) and 3D Systems Corp. (DDD) might be two more companies sharing the ramifications of Autodesk’s results, as their own high-end 3D printers are typically used by product designers along with Autodesk’s CAD software.
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Peter Thiel’s Clarium Capital hedge fund is one of the latest to divest the majority of its huge pre-IPO Facebook (NASDAQ:FB) investment. The shares have spent Friday floating in the $19 sea, but Nicholas Carlson isn’t impressed with Clarium’s performance either, remarking that, “Peter Thiel, a billionaire genius in the realm of startups, is not a good signal maker for other stock market investors. If he were a lighthouse, he’d have you breaching your hull on rocks.”
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