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Technology Stocks : Cloud, edge and decentralized computing

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To: Glenn Petersen who wrote (383)	12/7/2009 3:24:17 PM
From: stockman_scott	Read Replies (1) of 1685

07-Dec-09 08:37 ET In Play Broadpoint AmTech expects SaaS to continue to outperform : Broadpoint AmTech believes SaaS, a subset of Cloud Computing, will go down as one of the most significant developments in IT history. Although it is still early in the evolution of SaaS, it believes this business model is more stable and sustainable than a traditional enterprise software model, and thus is significantly more attractive for investors, in its opinion. Firm's public SaaS universe has significantly outperformed the NASDAQ since it started tracking the group in CY04 and expect it continue to outperform the NASDAQ, primarily due to faster growth, better operating leverage and more consistent execution. Firm's top three SaaS stocks for CY10 are CRM (BUY), SFSF (BUY) and LPSN (BUY). Firm considers ARBA (BUY), CNQR (NEUTRAL), JCOM (BUY) and VOCS (NEUTRAL) late cycle recovery stocks that should experience business momentum by 2H10. Firm remains bearish on RNOW (NEUTRAL) and ULTI (SELL), primarily due to competitive challenges and spotty execution track records.

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