The WSJ today carried a story that outlined a presentation hacked from the E-Mail account of Colin Powell, a board member of Salesforce.com. The presentation was made to the Salesforce board in May and included all of the company’s possible M&A aspirations. At this point, the hacked presentation has been confirmed as valid. Here are…
Imperva is a leading web security firm. Its problem is that web security is probably not a category but a feature that can be acquired elsewhere. It has reported a couple of dismal quarters and then put itself up for sale. There were interested parties both financial and strategic, but apparently, no one wanted to…
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IBM reported its Q3 results earlier this afternoon. The results were a beat compared to guidance of about 2% on both reported and 2% on revenues. That said, both earnings and revenues continued to fall from year earlier levels. Further, the beat was mainly a product of an extraordinary level of custom programming that IBM…
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Coupa Software (COUP) is a week-old IPO. It is a leader in a category called spend management. The shares were offered at a price of $18, first traded at $35/share and are now selling at $29 share, all during the past week or so. At the current price, the company has a market capitalization of…
Infosys (INFY) reported the results of its second fiscal quarter earlier today. The results showed EPS to be in line and with a revenue shortfall of $10 million on expectations that had been $2.6 billion. The company’s press release self-described market conditions as challenging and management reduced its revenue expectations for the balance of the…
Horton works shares climbed by more than 13% today at the close to $8.65/share after a rumor surfaced in the middle of the day relating to the company’s potential acquisition. The share price reached $9.12 at its high for the day. The headline simply says the company is presumed to be talking with buyers. Hortonworks…
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Twilio, one of the m ore successful IPO’s this year which is up 7)% in the last 3 months and 130% since it first traded at the end of June has announced that it has filed a $400 million share offering. The company itself is only offering $50 million of shares which will dilute current…