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

To: Bill Harmond who wrote (43537)	7/22/2008 2:20:23 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Could, maybe, dunno, suppose, might... July 22, 2008, 12:43 pm Salesforce.com Slides As Citi Downgrades On Valuation Posted by Eric Savitz Barrons Online Salesforce.com (CRM) shares are trading lower after Citigroup’s Brent Thill this morning cut his rating on the stock to Hold from Buy on a valuation basis. Thill notes that he sees no cracks in the company’s fundamentals, and that the stock has held up well given the weakening economy and difficult equity market. He says CRM shares have benefited from continued “beat and raise” quarters and a potential M&A premium. But he says that a near-term takeout is unlikely, and that “signs of caution could pressure the stock.” Writes Thill: “There could potentially be more weight to [the] downside given cautious macro environment and poor investor sentiment.” CRM today is down $3, or 4.3%, to $66.38.