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It's been a long road for LogMeIn, which develops web-based business software. The company filed for an IPO back in January 2008. Of course, since then the financial system went haywire.
But, things are getting back on track. For example, this week LogMeIn actually set the initial terms for its public offering: a price range of $14-$16 for 6.67 million shares.
I recently attended Salesforce.com's (NYSE: CRM) annual conference, Dreamforce. The place was packed, with nearly 10,000 people. The atmosphere was certainly an antidote to the grimness in the tech community.
Then again, this week Salesforce.com announced its quarterly results -- and they were particularly strong (especially in light of the size of the company). Revenues came to $276 million, up 43% over the past year. Earnings spiked 60% to $0.08 per share and there were 4,100 new customers.
At the conference, the big message was "the cloud" (in fact, Salesforce.com refers to itself as " the enterprise cloud computing company"). Essentially, the company is positioning itself as the key platform for business software, which is completely web-based.
Interestingly enough, this appears to be attractive to cash-strapped customers. After all, there are no large up-front costs. Moreover, there are no ongoing costs for things like servers. Another key benefit is customization (which is done through Force.com).
Continue reading Salesforce.com continues to sell, sell, sell
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 115 | 0 |
| 2 | Tom Johansmeyer | 104 | 0 |
| 3 | Steven Mallas | 52 | 0 |
| 4 | Connie Madon | 50 | 0 |
| 5 | Tom Taulli | 45 | 0 |
| 6 | Mark Fightmaster | 37 | 0 |
| 7 | Steven Halpern | 34 | 0 |
| 8 | Trey Thoelcke | 30 | 0 |
| 9 | Paul Foster | 24 | 0 |
| 10 | Brian White | 24 | 0 |
| 11 | Brent Archer | 22 | 0 |
| 12 | Jon Ogg | 22 | 0 |
| 13 | Jim Cramer | 21 | 0 |
| 14 | Melly Alazraki | 21 | 0 |
| 15 | Zac Bissonnette | 20 | 0 |
| 16 | Eric Buscemi | 17 | 0 |
| 17 | Michael Shulman | 13 | 0 |
| 18 | Elizabeth Harrow | 12 | 0 |
| 19 | Sheldon Liber | 10 | 0 |
| 20 | Michael Fowlkes | 10 | 0 |
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