{"id":1130,"date":"2008-10-08T08:53:59","date_gmt":"2008-10-08T03:23:59","guid":{"rendered":"http:\/\/www.chiragmehta.info\/chirag\/?p=1130"},"modified":"2008-10-09T18:51:32","modified_gmt":"2008-10-09T13:21:32","slug":"don%e2%80%99t-get-drunk-on-the-stock-price-salesforcecom-ceo-benioff","status":"publish","type":"post","link":"https:\/\/www.chiragmehta.info\/chirag\/2008\/10\/08\/don%e2%80%99t-get-drunk-on-the-stock-price-salesforcecom-ceo-benioff\/","title":{"rendered":"Don\u2019t get drunk on the stock price &#8211; Salesforce.com CEO Benioff"},"content":{"rendered":"<p>Source : <a href=\"http:\/\/www.cnbc.com\/id\/27069618\">CNBC<\/a><\/p>\n<p>\u201cDon\u2019t get drunk on the stock price.\u201d<\/p>\n<p>That is Salesforce.com\u2019s motto. Management uses it to keep the company focused on what matters most: satisfying customers rather than Wall Street.<\/p>\n<p>\u201cThat is the only thing that matters,\u201d CEO Marc Benioff told Cramer Tuesday.<\/p>\n<p><center><\/p>\n<div id=\"playerIFRAMEVid\" class=\"fL\"><iframe loading=\"lazy\" id=\"playerEmbedIFRAME\" src=\"http:\/\/www.cnbc.com\/id\/27075078\" name=\"CNBCVideo27075078\" scrolling=\"no\" width=\"360\" frameborder=\"0\" height=\"300\"><\/iframe><\/div>\n<p><\/center><\/p>\n<p>Benioff said Salesforce is working with customers to find out exactly what they need in this tough environment. That, more than almost any other factor, is what drives business right now.<\/p>\n<p>The goal is to impress upon customers that Salesforce\u2019s \u201ccloud computing\u201d model is their best option. Forget big contracts with Microsoft , Oracle  or SAP. Move past outdated hardware and software solutions. Benioff said his company\u2019s \u201cpay-as-you-go, elastic model\u201d offers clients much more flexibility.<\/p>\n<p>In fact, Benioff pointed out that Salesforce has nothing in common with a company like SAP. His stock was downgraded by a couple of analysts because they assumed Salesforce would slump just as SAP has, but that\u2019s not the case. While SAP relies on large, \u201cmega-transactions\u201d each quarter, Benioff said, Salesforce\u2019s on-demand model keeps revenues flowing.<\/p>\n<p>Admittedly, even Benioff is playing it \u201cmore cautious and conservative than ever\u201d given how hard the economy is right now. The company\u2019s sitting on $823 million in cash and plans to do just that \u2013 sit on it \u2013 for the time being. Benioff said he\u2019s more concerned with business fundamentals, which includes signing big customers and reaping the rewards over time.<\/p>\n<p>\u201cSome companies do well in tough times,\u201d Cramer said. \u201cThis is one of them.\u201d<\/p>\n<p>Still, he thinks CRM is too high right now, and the market\u2019s too tough. Cramer recommended waiting until the stock comes down before buying. And Salesforce is definitely worth a look when it does<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source : CNBC \u201cDon\u2019t get drunk on the stock price.\u201d That is Salesforce.com\u2019s motto. Management uses it to keep the company focused on what matters most: satisfying customers rather than Wall Street. \u201cThat is the only thing that matters,\u201d CEO Marc Benioff told Cramer Tuesday. Benioff said Salesforce is working with customers to find out [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[169],"class_list":["post-1130","post","type-post","status-publish","format-standard","hentry","category-salesforce","tag-salesforce","post-preview"],"_links":{"self":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/1130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/comments?post=1130"}],"version-history":[{"count":3,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/1130\/revisions"}],"predecessor-version":[{"id":1132,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/1130\/revisions\/1132"}],"wp:attachment":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/media?parent=1130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/categories?post=1130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/tags?post=1130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}