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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (21627)	8/3/2004 4:18:59 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

yeah Salesforce.com (CRM:NYSE - commentary - research), one of the year's hottest IPOs, warned Wednesday that profit and revenue for the full year will be lower than expected, and the stock promptly plunged. thestreet.com As a company, there isn't much wrong with CRM (it really bugs me that salesforce.com had the nerve to take CRM as their stock symbol though). But this is a subscription model so you are going to get an accelerated reaction to market events. THey have won some big deals lately, most notably Cisco but what about the numbers. If nobody can sell software, then CRM won't have an easy time selling subscriptions either just the way it is. Having said this, at some point all of these surviving companies become buys. The chip area is dirt cheap too.