Over the past few months, Wall Street has hammered down the stock prices of virtually every software company (except Microsoft) that has a major stake in the Windows market. Aldus, Symantec, Lotus, Software Publishing Corp., Borland, and Wordstar have all lost anywhere from 25% to 75% of their year-end 1991 value. Egghead and Corporate Software, the two software resellers that made the most conspicuous commitment to Windows, have suffered similar meltdowns.
What's going on here? For once, the analysts and top management agree with each other: Sales of Windows applications haven't lived up to expectations. "It's too early to call this an alarming trend," says Windows Watcher publisher Jesse Berst, …
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