Business and Application Software

June 11, 2012

Topics covered: SaaS and PaaS, Desktop and Server Virtualization, Cloud Computing, Application Software Consolidation Activity, Advertisement and Carrier Spending

Companies covered: GSE Systems, Inc. (AMEX:GVP), Concurrent Computer Corporation (NASDAQ:CCUR), Unilever NV (NYSE:UN), Rentrak Corporation (NASDAQ:RENT), Procter & Gamble Company (The) (NYSE:PG), Monster Worldwide, Inc. (NYSE:MWW), Meredith Corporation (NYSE:MDP), Alphabet Inc (NASDAQ:GOOG), ClickSoftware Technologies Ltd. (NASDAQ:CKSW), Amdocs Limited (NASDAQ:DOX), Allot Communications Ltd. (NASDAQ:ALLT), TeleCommunication Systems, Inc. (NASDAQ:TSYS), AT&T Inc. (NYSE:T), Oracle Corporation (NYSE:ORCL), Neustar, Inc. (NYSE:NSR), NICE-Systems Limited (NASDAQ:NICE), International Business Machines Corporation (NYSE:IBM), EZchip Semiconductor Limited (NASDAQ:EZCH), CSG Systems International, Inc. (NASDAQ:CSGS), Citrix Systems, Inc. (NASDAQ:CTXS), CA Inc. (NASDAQ:CA), Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE), Vmware, Inc. (NYSE:VMW), SAP SE (NYSE:SAP), Microsoft Corporation (NASDAQ:MSFT), Inc (NYSE:CRM), Asure Software Inc (NASDAQ:ASUR), Datawatch Corporation (NASDAQ:DWCH), Bottomline Technologies, Inc. (NASDAQ:EPAY), ACI Worldwide, Inc. (NASDAQ:ACIW), Western Union Company (The) (NYSE:WU), Visa Inc. (NYSE:V), Total System Services, Inc. (NYSE:TSS), Verifone Systems, Inc. (NYSE:PAY), Online Resources Corp., Mastercard Incorporated (NYSE:MA), Intuit Inc. (NASDAQ:INTU), Heartland Payment Systems, Inc. (NYSE:HPY), Global Payments Inc. (NYSE:GPN), Fidelity National Information Services, Inc. (NYSE:FIS), Alliance Data Systems Corporation (NYSE:ADS), Robert Half International Inc. (NYSE:RHI), Navigant Consulting, Inc. (NYSE:NCI), ICF International, Inc. (NASDAQ:ICFI), Huron Consulting Group Inc. (NASDAQ:HURN), FTI Consulting, Inc. (NYSE:FCN), Corporate Executive Board Co., EPIQ Systems, Inc. (NASDAQ:EPIQ), Dice Holdings, Inc. (NYSE:DHX), On Assignment, Inc. (NYSE:ASGN)

Buy ($175)