Analyst Views

Here are current research reports about update. *

1297

Date	Analyst/Type	Rating	Price objective	Details
01/25/2012	Warburg Research	Buy	EUR 3,20	More
01/25/2012	AC Research	Acc	n.a.	More
12/11/2011	Der Doersam-Brief/n.a.	n.a.	EUR 4	More
04/19/2011	Warburg Research	buy	EUR 3,30	More
04/08/2011	Prior Börse	n.a.	n.a.	More
03/01/2011	smart investor	n.a.	n.a.	More
02/07/2011	AC Research	Hold		More
10/19/2010	Warburg Research	buy	EUR 2.65	More
10/15/2010	TradeCentre.de	buy	n.a.	More
07/21/2010	AC Research	hold	n.a.	More
04/20/2010	SES	Buy	EUR 2,75	More
03/11/2010	SES	Buy	EUR 2,75	More
03/05/2010	Der Aktionär	Buy	EUR 3,00	More
02/10/2010	Der Börsendienst	Buy	EUR 3,00	More
02/10/2010	TradeCentre.de	buy	n.a.	More
02/05/2010	Der Aktionärsbrief	n.a.	EUR 3,60	More
02/04/2010	Der Aktionär/Buy		EUR 3,0	More
02/01/2010	EURO am Sonntag	n.a.	EUR 3,00	More
01/29/2010	SES Research	Buy	EUR 2,80	More
12/22/2009	AC Research	Buy	n.a.	More
12/02/2009	Prior Börse	n.a.	EUR 3,10	More
11/09/2009	TradeCentre.de	n.a.	n.a.	More
10/20/2009	SES Research	Buy	EUR 3,30	More
09/21/2009	GBC AG	n.a.	n.a.	More
08/14/2009	AC Research	Buy	n.a.	More

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*) The list of analysis/(short) studies shown above are not based on analysis by update software AG but on analyses, reports, recommendations or ratings of third parties, particularly equity research analysts. References to such recommendations and ratings are for informational purposes only and do not imply that update software AG adopts, supports or confirms in any way the recommendations, opinions or conclusions of the equity research analysts. update software AG accepts no liability for the selection, currency, completeness or correctness of the recommendations and estimates shown. None of the information on this website is intended as an offer or encouragement to buy update software stocks. update software AG accepts no liability for damages or losses incurred by third parties based on information published on this website.

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