NEW YORK Jan 23 It will be difficult for
shares of cloud computing company Salesforce.com Inc (CRM.N) to
go anywhere but down, according to a report in the Jan. 24
issue of Barron's.
The shares of the company have risen 92 percent over the
past year and analysts are trading traditional valuation
metrics for those popular during the dotcom boom days: cash
flow and earnings excluding employee-options expense, according
to the report.
Insiders like Chief Executive Officer Marc Benioff are
selling- rather than buying- shares and tech giants Microsoft
Corp (MSFT.O), Amazon.com Inc (AMZN.O), Google (GOOG.O), Oracle
Corp ORCL.O and SAP AG (SAPG.DE) are growing into serious
"No doubt Salesforce shares will continue to fly high, as
long as the company -- which boasts a solid balance sheet with
$1.3 billion of net cash and investments -- continues to boost
its revenue at a 20% to 25% annual clip . . . but any hiccup
now could send the shares tumbling hard, especially if
investors analyze the company's sharp rise in expenses and the
continuously growing number of diluted shares outstanding,"
(Reporting by Clare Baldwin; Editing by Bernard Orr)