I came across an interesting offer on Craigslist today to sell 144 restricted stock for Etelos Inc. (OTCBB: ETLO), representing about 10% of the 23.05 million total shares outstanding. Since the stock is thinly traded with an average volume of less than 2,000 shares per day, the seller is looking to negotiate a block trade on his own and the ask price is generous at a 69% discount of the closing price today. Below is a summary and links for the listing, followed by a summary of the company.
Unlike rivals such as Amazon.com (AMZN), Salesforce.com (CRM), and Google (GOOG), Etelos (OTCBB: ETLO) is offering developers a way to move their LAMP-based software to the cloud with little modification needed. Etelos also has services for helping developers sell, license and scale Web applications. Platform-as-a-service providers [PAAS], such as Salesforce.com, Amazon.com and Google, offer developers a means of coding their applications and allowing a provider in the cloud to not only handle the details of hosting
Businesses are going to be spending on new software due to a recession. Also, the acquisition cost of Instranet is proving to be more costly than expected.
SALESFORCE.COM ( CRM ) Market Cap: $7,700 million Software 500 Rank: 109 Salesforce.com has been successful providing “software on demand” to a wide range of business customers. During fiscal 2007, Salesforce had 1.1 million subscriptions for their Force.com on-demand platform.
Except for a down-move during the first half of 2006, the stock has been in a steady uptrend for more than 3 years, rising from less than $10 to a recent high of $75.21.
However, as with many software stocks, there is always the risk that expectations could greatly exceed future results.
with all the negative news in the market and losing SUN to oracle, this stock is way over valued and needs to come down. The bubble needs to burst on CRM, trading 70~90 times earnings does not make sense.
I came across an interesting offer on Craigslist today to sell 144 restricted stock for Etelos Inc. (OTCBB: ETLO), representing about 10% of the 23.05 million total shares outstanding. Since the stock is thinly traded with an average volume of less than 2,000 shares per day, the seller is looking to negotiate a block trade on his own and the ask price is generous at a 69% discount of the closing price today. Below is a summary and links for the listing, followed by a summary of the company.
I recently attended Salesforce.com's (NYSE: CRM) annual conference, Dreamforce. The place was packed, with nearly 10,000 people. The atmosphere was certainly an antidote to the grimness in the tech community.
Then again, this week Salesforce.com announced its quarterly results -- and they were particularly strong (especially in light of the size of the company). Revenues came to $276 million, up 43% over the past year. Earnings spiked 60% to $0.08 per share and there were 4,100 new customers.
Caris & Company analyst Chris Shauger today initiated coverage of four enterprise software firms — Ariba (ARBA), Concur Technologies (CNQR), Salesforce.com (CRM), and Taleo (TLEO) — with “Buy,” “Average,” “Above Average,” and “Average” ratings on their shares, respectively. In brief, Shauger says that Ariba and Salesforce stock is cheap, Concur has dominant market share, and Taleo has accounting issues that cause concern for the stock despite a cheap valuation. All the stocks have been held back, he believes by the accounting issues at Taleo, but he thinks the problems with the latter are c
Earnings growth?
- With p/e 3,500 and TTM EPS of 1 cent what kind of YoY earnings CRM should produce in the next few years to justify this insanely high valuation? Todays
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