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Salesforce is 12 years old company with around 10% CRM market. What was their profit last year? 80 million USD? You would have to be naive to think Oracle is a

by lubos 15y ago

Salesforce is 12 years old company with around 10% CRM market. What was their profit last year? 80 million USD? You would have to be naive to think Oracle is afraid of Salesforce. I think it's more to do with Benioff's rude knows-it-all attitude.

osswid 15y ago
Salesforce is a publicly traded company with a market cap of $16B, with $2B in annual revenue. The gap between the reality of their place and power in the market they enjoy, and the commentary here is ... surprising.
- hasanove 15y ago
  If anything, their market cap means they are hugely overvalued. P/E is 581! This is 5 times more than even facebook :) and 400 times more than Apple.
  - meric 15y ago
    As soon as I read your comment, I decided to to purchase some AAPL stock. When I got to the stockbroking website, the bargain you mentioned was not there. AAPL's P/E is not 1.4525. :(
    - hasanove 15y ago
      what a typo, sorry, of course it is 40 )
oacgnol 15y ago
Perhaps the comment was aimed in context of Oracle's recent actions with NoSQL - simultaneously downplaying NoSQL and integrating NoSQL with Oracle seemed a bit like a late reaction to the growing trend that's threatening their cash cow.
TallTalesOrTrue 15y ago
Exactly another company that is known more for the chatter their CEO makes than the Chatter it sells.
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DjMojoRisin 15y ago
Benioff is a good guy. He is the pioneer of the 1/1/1 philanthropy model and has convinced a bunch of other companies to follow suit with that model (i.e. Google et all) and helped out a lot of people. Also, to be fair he was one of the first people to come up with the idea of the Cloud for the enterprise, and actually deliver a scalable, reliable system which could replace on-premise software. Oracle is just playing school yard politics; Larry and Marc are friends and Larry was one of the first investors in Salesforce.

by lubos 15y ago

osswid 15y ago

Salesforce is a publicly traded company with a market cap of $16B, with $2B in annual revenue. The gap between the reality of their place and power in the market they enjoy, and the commentary here is ... surprising.

hasanove 15y ago
If anything, their market cap means they are hugely overvalued. P/E is 581! This is 5 times more than even facebook :) and 400 times more than Apple.
- meric 15y ago
  As soon as I read your comment, I decided to to purchase some AAPL stock. When I got to the stockbroking website, the bargain you mentioned was not there. AAPL's P/E is not 1.4525. :(
  - hasanove 15y ago
    what a typo, sorry, of course it is 40 )

oacgnol 15y ago

Perhaps the comment was aimed in context of Oracle's recent actions with NoSQL - simultaneously downplaying NoSQL and integrating NoSQL with Oracle seemed a bit like a late reaction to the growing trend that's threatening their cash cow.

TallTalesOrTrue 15y ago

Exactly another company that is known more for the chatter their CEO makes than the Chatter it sells.

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DjMojoRisin 15y ago

Benioff is a good guy. He is the pioneer of the 1/1/1 philanthropy model and has convinced a bunch of other companies to follow suit with that model (i.e. Google et all) and helped out a lot of people. Also, to be fair he was one of the first people to come up with the idea of the Cloud for the enterprise, and actually deliver a scalable, reliable system which could replace on-premise software. Oracle is just playing school yard politics; Larry and Marc are friends and Larry was one of the first investors in Salesforce.