Oppenheimer Remains Buyers Of Teradata Following Management Meeting

Following a positive mgmt meeting, Oppenheimer remains buyers of Teradata TDC is well positioned to deliver a strong 4Q10. Despite competition and a challenging macro environment, Oppenheimer believes growing customer demand for EDW solutions, an augmented/broader product portfolio and an expanding sales force should help support double-digit product revenue growth for the foreseeable future. Despite competition and a challenging macro environment, Oppenheimer believe growing customer demand for EDW solutions, an augmented/broader product portfolio and an expanding sales force should help support double-digit product revenue growth for the foreseeable future. Given numerous secular and company-specific growth drivers, an attractive valuation and TDC's unique spot in the market, it remains a top pick. Oppenheimer has an Outperform rating and $47 PT on TDC TDC closed Monday at $41.85