【出版时间及名称】：2010年北美软件行业展望
        【作者】：摩根大通
        【文件格式】：pdf
        【页数】：33
        【目录或简介】：

Table of Contents
Summary...................................................................................3
A Look at the Past – Historical Stock Performance.....................................................5
A Look at the Past – Software Also Outperformed on Operational Basis in 2009 ......8
Macro Backdrop Gradually Improving After a Tough 2009 .......................................9
Capital Expenditures Forecasted to Grow in 2010.....................................................10
Regional Exposure Relative to Economic Forecasts..................................................12
Industry Analysts’ Expectations ................................................................................15
Consensus Expectations.............................................................................................16
Valuations Remain Attractive; More Upside, But Not Like Early 2009 ...................17
Categories/Themes That May Outperform ................................................................19
Consolidation Should Help ........................................................................................20
A Review of Why Software Is Unique ......................................................................20
Foreign Exchange to Supplement Macro Recovery...................................................22
Vertical Exposure Less of a Concern in 2010............................................................23
How to Play Our Coverage Universe.........................................................................24