Of this troika, the most difficult to fathom is Salesforce.com. First, it has run in anticipation of a good quarter. Second, there is no doubt that CEO Marc Benioff is running the fastest-growing tech company of the era in terms of blowing through billion-dollar milestones. Third, his company is despised by a small group of analysts who believe that it is just a house of cards, despite outstanding operating cash flow, which is what I use to test the "real" numbers.
I read all sorts of lies about Salesforce.com -- that it's not really making any money, that it is just a Ponzi scheme, that its products don't work well, that the acquisitions are papering over weakness.
In reality, Benioff is just trying to accumulate all of the technology he can in an amazing land grab before everyone else gets it.
It's Better-Mousetrap Time Posted at 7:36 a.m. EDT on Friday, Aug. 23 Hewlett-Packard (HPQ - Get Report) and Dell (DELL - Get Report) -- back to back -- made me reminiscent of the old days, the days when I used to follow Data General and Digital Equipment.
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