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Expressing caution on the software sector heading into second quarter earnings report, Goldman Sachs software analysts Sarah Friar, Sasa Zorovic, Derek Bingham and Frederick Grieb this morning chopped estimates on a host of software companies. They also cut their ratings on both Intuit (INTU) and Digital River (DRIV) to Sell from Neutral.

“A difficult U.S. macro environment and its slow spillover internationally create problems for the group,” the Goldman analysts wrote in an extensive software industry research note this morning. “These are seen in longer sales cycles, price discounting, a