CRM will be holding its annual customer/analyst event during the course of the next week. Dreamforce as the event is known will be held in San Francisco between Tuesday and Friday of next week. Most of the time these events are mostly for customers and are bereft of any market moving news. There are some…
Acacia has been one of the high flying tech IPO’s so far in 2016. The shares had an IPO price of $23, first traded at $30/share and are now selling for $more than $107 after making a high of $123/share earlier this month. The company only sold 4.5 million shares in its IPO and lots…
The wires today were full of speculation regarding the potential purchase of Twitter. The two most widely mentioned names as potential acquisitors were Google (GOOG) and Salesforce (CRM). There are many to reasons to think that Twitter could be a company that might elicit bids. The newest “hot” bit of functionality relates to its initiative…
After a more mixed quarter reported in June, RHT reported a clean beat with the company narrowly beating on EPS by $.02 and on revenue by $7 mil. (1.2%). Operating margins some growth year on year which has been a principle concern among analysts. The company is forecasting EPS for this current quarter to be…
Adobe reported the results for its fiscal Q3/2016 earlier this evening. The results topped expectations on earnings and on EPS. The company issued upside guidance and the shares responded with an afterhours gain of 5%. The upside afterhours carried the shares to a 13% gain for the year which is just a bit better than…
Microsoft has increased its dividend to $.39/share or $1.56/year. That brings the yield to 2.7%. In addition, the company augment its current share buyback authorization with a new authorization $40 billion authorization that has no fixed expiration The company said it is on track to complete its 2016 buyback on schedule. The new share buyback…
Google has been a challenger to Nuance in the natural language area for years now. Nuance has done a good job in promoting its natural language capability as a factor in differentiation its set of solutions. The company that Google is acquiring for $625 million called Apigee has complementary capabilities. The ability to turn to…
Many alliances in the IT space are meaningless and the electrons ought to protest the uselessness of their efforts. After the close today, HDP and IBM announced that they had collaborated to produce an offering in which the Hortonworks Data Platform will be available for IBM Power Systems to support a range of new applications.…
What does it mean when Oracle declare on Amazon? The fact is that Oracle is suffering a consistent loss of its database market share to all of the database flavors offered by Amazon most especially including its Aurora product which has dramatic price performance advantages over the standard Oracle products. It costs something less than…
What does that mean to investors? The market for salesforce automation tools has gotten more crowded and more saturated over the past several years and the growth that Salesforce has been able to achieve has significantly decelerated. These days, regardless of the hype surrounding the capabilities of CRM tools, the fact is that there are…