Salesforce.com (CRM)

All Comments on CRM

  • commenter
    PopTheBubble
    Mar 06 08:04 AM
    Jim Cramer's Stop Trading! 3/5/08: Tech Horsemen Beheaded [view article]
    does anyone still bother listening to this Cramer guy??!! he's been around long enough to have doubled back a few times on all his previous recommendations. the investment world's answer to Jerry Springer - tragic. Reply
  • commenter
    WHATISNEW
    Mar 06 01:25 AM
    Understanding Salesforce.com's Blast Off [view article]
    Beniof has been selling for years and it is no news. If he has not been selling, probably he will be ten times richer now! No use being jealous! You cannot fool all the people for all the time. Can you? The reason for the stock moving up is it is giving genuine service at throw away price! Reply
  • commenter
    Josh
    Thompson
    Mar 03 10:41 AM
    Microsoft Office Online - Attacking the Innovator's Dilemma [view article]
    "Microsoft is giving more time for Google to eat their lunch"

    This does not explain GOOG's recent stock price.     Reply
  • commenter
    User 59393
    Mar 03 08:39 AM
    Microsoft Office Online - Attacking the Innovator's Dilemma [view article]
    > Today, Google offers what is in many ways
    > a superior product to Office and they
    > don’t charge users for it.

    I am a big Google fan, but I have to admit that Google Docs is not a patch on Microsoft Office. Google Docs may be good for sharing but writing a serious document or spreadsheet is like pulling teeth.

    Microsoft office is currently way ahead, but who knows how long it will take for Google to catch-up and overtake it?     Reply
  • commenter
    CRMS
    Mar 02 11:37 PM
    My Website
    Understanding Salesforce.com's Blast Off [view article]
    Seems like the market wil have a second look at this over the next couple days...much like it did after the initial euphoria surrounding AMZN's 4th qtr Reply
  • commenter
    Dave
    Malhotra
    Mar 02 03:47 PM
    My Website
    Understanding Salesforce.com's Blast Off [view article]
    The explanation is quite simple. You hit the nail right on the head when you point to the furious pace of insider selling. Benioff has been selling 10000 shares a day since March 2005. At 60/share he is taking in 600k EVERY DAY!! So far he has pocketed 455 MILLION!!! Look at this: www.secform4.com/insid...
    His second in command, Steve Cakebreak hasn't done so bad himself--raking in 18 MILLION.

    Management #1 objective is to pump up the stock price so they can continue to sell. FOLLOW THE MONEY. Have they generated significant income since the company has gone public? Let's see:
    Net Income (since going public)
    2004 - 4 million
    2005 - 7 million
    2006 - 28 million
    2007 - NOTHING
    2008 - 18 million
    TOTAL: 57 MILLION

    So the company has generated 57 million but Benioff has pocketed 455 million and continues to get away with 1.2 MILLION every couple of days. Isn't it obvious what is going on here? Have all the analysts drunk the kool-aid?

    Whether or not managment actually DELIVERS on promises of significant future profitability, it doesn't matter as much to their own personal financial situations. They've gotten the money out early. They've learned the lessons of the dotcom bubble well, but unfortunately, most of the analyst community and the investing public hasn't....Great post George     Reply
  • commenter
    User 157527
    Mar 01 06:58 PM
    My Website
    Salesforce.com FY Q4 Beats; FY 2009 Outlook In Line [view article]
    I do not question superiority of on-demand (SaaS) model or quality of Salesforce.com service offering. What I really want to learn is HOW does this model work for their customers in terms of return on their investment? Did they realize improvements in their sales effectiveness, if that what they expected from this investment? In other words WHAT are the Salesforce.com (CRM) customers expectations and how do they measure their success or failure? I wait for a day when we stop evaluating tool vendors on the basis of their sales achievements and start to look at success ratio of their customers achieving expected returns on their investments. This is not a reflection on Salesforce.com specifically, but on IT industry value system in general.

    Chef of the very respectable restaurant in South Hampton (Silvers), once reacted to McDonald' board boasting "Served 5 million customers" with this interpretation - "Eat [Comment edited for abusive language] - a gazillion flies can't be wrong".
    Reply
  • commenter
    calvino
    Feb 29 03:27 AM
    Salesforce: Pricey, Despite Its Strong Results? [view article]
    What was Canaccord's last price target for Google?

    Perhaps it may be more sage to buy Oracle at one tenth the earnings ratio, since ORCL is going to be completely focused on offering their huge installed client base 'cloud' computing. That;s why they bought Siebel. But that's just me. Aw heck, I could just buy Google at one at one sixths the P/E and they really don't have any competition. But that's just me. Remember, at Canaccord, it's your money, as opposed to their money. Every analyst should really back up his calls with some cash - but then mature companies with a 180 forward p/e would not exist. Don't kid yourself, Salesforce is barely passing for a teenager now. The growth spurt is behind.     Reply
  • commenter
    DaveinHacken
    sack
    Feb 26 11:23 AM
    My Website
    4 Steps to Ensure Your Protection in Today's Environment [view article]
    Did you cover on HSII before today's conference call? Are you still short? Reply
  • commenter
    buzzly
    Feb 15 02:54 PM
    Salesforce.com: Ticking Time Bomb [view article]
    I doubt Oracle would buy SFDC for such high price. Larry would buy Netsuite first and Netsuite has better functionality and platform capability. Besides he could double-dip with Netsuite--sell high to the public and buy low for ORCL.

    On the technology front, Oracle would want to buy a future SaaS platform but SFDC is not it. It is just a collection of scripting tools running on top of Oracle DB which, in reality, provides most of the SFDC limited "platform" functionality. And Oracle know this well.

    On the customer end, unlike other acquistions which Oracle can justify the purchases because they can reasonably control the acquired customer base and march them down a pre-defined migration path, that's not the case with SFDC's customers. SFDC customers are less sticky and they may just leave, and they do leave all the time.

    Reply
  • commenter
    Zachary
    Scheidt
    Feb 15 02:22 PM
    My Website
    Salesforce.com: Ticking Time Bomb [view article]
    Thanks everyone for your comments... This is obviously a well followed name and I don't pretend to know the intricacies of all the product offerings by CRM, Netsuite, Oracle or any others. My position is one of an investor who has been in this game a long time and realizes that it will take quite a bit of time for the fundamentals to catch up with the stock price.

    The rumor of a merger seems even less likely when one realizes that Larry Ellison owns a large position in Netsuite. It seems unlikely that he would align with one of the more difficult competitors.

    I understand the concept of hypergrowth and have seen plenty of stocks that trade to extreme multiples based on exceptional forecast growth. The story often has a very disappointing ending as investors begin to realize that their high hopes were set just a bit too optimistically. The argument is rarely centered around a poor business but instead it is around a esoteric multiple. This is my fear with CRM as the "growth at any price" matra can be very dangerous.

    Only time will tell which side of this argument is correct and I don't presume to have all the answers, but I do have a keen eye for risk and this situation has all the makings of a risky endeavor.

    Good luck all with your positions.
    ZDS     Reply
  • commenter
    Tom
    Greenberg
    Feb 15 12:00 PM
    Salesforce.com: Ticking Time Bomb [view article]
    The only thing that warrants such a high price is their current position in the SaaS market, but let's not forget that they generate less than 40% of the total SaaS CRM revenues since there are many other rivals such as Netsuite, Salesboom.com, RightNow, Entellium and others.

    This in my opinion was a cheap shot by SFDC to get the most out of the stock for now, because in a year, no one will pay a price with a P/E of 580!
    Reply
  • commenter
    calvino
    Feb 15 09:12 AM
    Salesforce.com: Ticking Time Bomb [view article]
    That's better and I'm glad you are making up for your bull call on EJ. I do not like to get personal with shares, however the lie put out as rumor of an Oracle takeout on Monday was outrageous. Especially since the rumor went that CRM approached Oracle for a 75 dollar takeout. Just friends and family getting out at the expense of little guy. The company, if it had any integrity whatsoever, should have denied the rumor publicly and immediately. Instead, they would rather spam everyone with two press releases a day about some drycleaners adopting their cloud nine architecture. Oracle has Siebel and Netsuite -why would they want to acquire CRM at a 50% premium? STupid is not a word I associate with Larry Ellison. So Mr. Benioff, time to stop spamming, and answering charges. Reply
  • commenter
    Dave
    Malhotra
    Feb 15 09:00 AM
    My Website
    Salesforce.com: Ticking Time Bomb [view article]
    SaaS'y: Will you people ever learn your lesson? The stock (a piece of paper) and the actual company are two different things. A bad environment for momentum/tech stocks and a bear market generally means this overvalued pig is going DOWN. Reply
  • commenter
    SaaS'y
    Feb 14 12:24 PM
    Salesforce.com: Ticking Time Bomb [view article]
    Your comments may be accurate on the valuation risks from a traditional stock analysis standpoint, but you have overlooked a much larger trend in the Software maketplace, and that is transition to Software as a Service model. CRM has a 8 year lead on this, Oracle and SAP have not succeeded here because of the direct conflict SaaS revenue has with the traditional $2Million upfront models they are used to. Customers much prefer to not install, customize, and own the assets, and are therefore eager to move to SaaS based licensing models for software. SaaS is becoming the next platform for acquiring software, it erodes the $3Trillion traditional enterprise software spend... your math should consider the broader market oppty. Reply
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