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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (19046)	5/30/2024 10:26:11 AM
From: Kirk ©	Read Replies (1) \| Respond to of 27276

They are friends, or at least Benioff uses Cramer as a useful idiot to pump his stock. Here is what Cramer had to say with his morning email blast 1. The Dow early Thursday was leading the way lower as it has done in recent sessions. Dow stock and Club name Salesforce's post-earnings plunge was accounting for the bulk of the 300-point drop in the premarket. The Dow, S&P 500 and Nasdaq were all looking at back-to-back losses if the morning trading holds at the close. Club name Costco reports earnings after the bell. 2. Salesforce's latest quarter and guidance Wednesday evening showed us the enterprise software slowdown is real. Shares fell 15%. While overdone, stocks are not rewarded for slowing growth. We kept our 2 rating and cut the Club's price target to $300, from $340. Buzzwords from the post-earnings call: "constrained" sales cycle, "budget scrutiny," and "measured buying environment."

To: #Breeze who wrote (19046)	5/30/2024 10:38:14 AM
From: Kirk ©	1 Recommendation Recommended By Sr K Respond to of 27276

Yesterday CNBC had C3.AI CEO Tom Siebel on to talk about their great performance... I believe he left Oracle when Ellison didn't give him the CEO job or more power a few years before Oracle bought his company Siebel Systems. Salesforce.com's Benioff: It's the end of Siebel \| ZDNET I think he used the money from Ellison to start C3.AI... and perhaps help his cousin Jennifer Siebel Newsom and her husband Gavin Newsom, gain political power. Thomas Siebel - Wikipedia Yup.... my memory is still good Business career Between 1984 and 1990, Siebel was an executive at Oracle Corporation, where he held a number of management positions.[10][11] Siebel served as chief executive officer of Gain Technology, a multimedia software company that merged with Sybase in December 1992.[11] Siebel was the founder, chairman, and chief executive officer of Siebel Systems,[12] which was acquired by Oracle in January, 2006.[13] Siebel is the chairman of First Virtual Group, a diversified holding company.[3]