Market Currents

• Tuesday, November 17, 2009

• 16:08 PM Salesforce.com (CRM): Q3 EPS of $0.16 in-line. Revenue of $331M (+20%) vs. $324M. Sees Q4 revenues of $340M-342M vs. $335M. Sees fiscal 2011 growth of 15-16%. Shares -0.7% AH. (PR) 1 Comment
• 00:05 AM Notable postmarket earnings: ADSK, CRM, LZB 1 Comment

• Wednesday, October 7, 2009

• 14:50 PM Always quotable Oracle (ORCL) CEO Larry Ellison (fresh off his cloud computing rant) says despite speculation, he's not interested in acquiring Brocade (BRCD +2.3%), making Hewlett-Packard (HPQ) a more likely purchaser. Ellison says archrival Salesforce.com (CRM) "makes almost no money" but is allowing its CEO Marc Benioff to speak to Oracle's OpenWorld conference and potentially pick up some business. Comment!

• Friday, August 21, 2009

• 09:00 AM Premarket gainers: CRM +9%. SIRI +7%. RTK +7%. CZZ +7%. MPEL +6%. PMI +6%. FNM +5%. AIG +5%. KFN +5%. ABK +4%. HL +4%. FRE +4%. UBS +4%. LVS +4%. ING +4%. SOL +4%.
  Losers: BRCD -7%. ANN -6%. NGD -5%. Comment!

• Thursday, August 20, 2009

• 16:12 PM Salesforce.com (CRM): Q2 EPS of $0.17 beats by $0.02. Revenue of $316M (+20%) vs. $313M. Shares +7.2% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: ARO, BRCD, CRM, FL, GPS, INTU, WTSLA Comment!

• Tuesday, June 30, 2009

• 14:26 PM Salesforce.com (CRM -2.3%) CEO Marc Benioff downplays speculation that Oracle (ORCL) is sniffing around his company. "If he (Larry Ellison) wanted to buy it, he would have." Comment!

• Friday, May 22, 2009

• 09:00 AM Premarket gainers: SHLD +21%. ARUN +19%. AIB +17%. CGRB +15%. EXM +16%. ADSK +15%. ASAY +12%. LEA +10%. FBC +9%. QGEN +8%. CNB +5%. EGLE +5%. KFN +4%. BCS +4%. HEB +4%. AAUK +4%. PBI +4%.
  Losers: RRGB -12%. CRM -9%. LDK -6%. AIG -6%. Comment!

• Thursday, May 21, 2009

• 16:23 PM Salesforce.com (CRM): Q1 EPS of $0.15 beats by $0.04. Revenue of $305M (+23.1%) in-line. Shares -7.7% AH. (PR) Comment!
• 15:10 PM Notable earnings after Thursday's close: ARO, ALKS, ARUN, ADSK, BRCD, CRM, DBRN, EXM, FL, GPS, LDK, PSUN, ZUMZ Comment!
• 00:10 AM Notable earnings after Thursday's close: ARO, ALKS, ARUN, ADSK, BRCD, CRM, DBRN, EXM, FL, GPS, LDK, PSUN, ZUMZ Comment!

• Tuesday, April 7, 2009

• 15:00 PM RBC Capital upgrades a swath of software stocks, saying Q1 "marked the nadir" for fundamentals in the group. “The next several quarters should see reduced earnings risk, easier comparisons, lower FX headwinds, stimulus spending benefits..." firm says. "The hill ahead still looks steep and bumpy, but we think that is little room to fall based on the backdrop." MSFT -0.1%. ADBE -1.4%. CRM +0.5%. 1 Comment

• Wednesday, February 25, 2009

• 16:15 PM Salesforce.com (CRM): Q4 EPS of $0.11 beats by $0.04. Revenue of $290M vs. $285M. Sees full-year EPS of $0.54-0.55 vs. $0.51. "Salesforce.com is proud to be the first billion dollar cloud computing company." Shares +8.3% AH. (PR) Comment!
• 00:10 AM Notable earnings after Wednesday's close: AGO, CLF, CRM, ESRX, FLR, FLS, GDP, GNK, KEG, LTD, MEDX, MRX, PDGI, PXP, SCI, SVNT, TS, USU Comment!

• Tuesday, January 27, 2009

• 15:23 PM Oracle's (ORCL) new weapon against Salesforce.com (CRM): single-tenant services. Each customer gets its own CRM server. Comment!

• Thursday, December 11, 2008

• 13:24 PM Gartner predicts falloff in enterprise software spending, as corporate goals shift from revenue growth to cost reduction. "Vendors will continue to face tough product life cycle decisions and short-term pressure on price and margins," it says. MSFT -4.3%. ORCL -3%. SAP -2.7%. CRM -4.5%. Comment!