Tuesday, January 25, 2011

Salesforce shares set to tumble-Barron's | Reuters

It’ll be interesting to see how far Salesforce falls before Oracle moves to acquire it

Insiders like Chief Executive Officer Marc Benioff are selling- rather than buying- shares and tech giants Microsoft Corp (MSFT.O), Amazon.com Inc (AMZN.O), Google (GOOG.O), Oracle Corp (ORCL.O) and SAP AG (SAPG.DE) are growing into serious competitors.

"No doubt Salesforce shares will continue to fly high, as long as the company -- which boasts a solid balance sheet with $1.3 billion of net cash and investments -- continues to boost its revenue at a 20% to 25% annual clip . . . but any hiccup now could send the shares tumbling hard, especially if investors analyze the company's sharp rise in expenses and the continuously growing number of diluted shares outstanding," Barron's wrote

Salesforce shares set to tumble-Barron's | Reuters

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