Opening Segment #3:
'CEO Interview'
Marc Benioff, CEO
Salesforce.com
Friday, November 21, 2008
 
 

Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name

CRM

22.32

Salesforce.com (CRM)


 

See comments continued below...     

 

Market Results today:

Dow + 494

Nasdaq + 68

S&P 500:  + 47

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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]

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