Tom Greenberg

Salesforce.com: Ticking Time Bomb

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!