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Opening Segment #3: |
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'CEO
Interview' |
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Marc Benioff,
CEO
Salesforce.com |
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Friday,
November 21, 2008 |
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
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CRM |
22.32 |
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See comments continued below...
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Friday,
November 21, 2008
(Cont'd from
above)...
Jim (cont'd):
Boy, the stock
market's tough.
Salesforce.com (CRM),
the leading
software-as-a-service
company... one
of the few
remaining
high-octane
growth stocks...
reported a
better-than-expected
quarter last
night...
Oh, what
happens?...
The stock is
down 2.2% from
yesterday's
close at
$22.83... It was
off 8.8% during
today .. Maybe
investors just
didn't like
CRM's mixed
outlook, or the
fact that some
analysts say
bookings are
slowing... But
it's not often
you see a stock
down off a beat
like this.
I told you to
stay on the
sidelines with
the stock, since
it was at $54...
not because I
don't like the
company, but
because the
stock was
expensive.
Is it possible
that
Salesforce.com (CRM)
is now safe, or
should we stay
away?...
Well, let's talk
to CRM's
fantastic
chairman and
CEO, Marc
Benioff, to get
a better sense
of what's
happening at his
company...
Marc, welcome
back to Mad
Money...
The Bottom Line!:
Look, one day,
the clouds lift,
and we return to
buying pure
oxygenated
growth stocks.
Salesforce.com (CRM)
is one of those.
Until then,
we're just going
to keep
listening and
watching. $800
million in cash.
If this one
trades through
cash, I'm
sorry... I'm
quitting and I'm
going to work
for
Salesforce.com.
[verbatim recap]
Read Jim's next Segment
here
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