Salesforce.com Shares Decline on Outage

This stock always seems to be in the news.

Shares of Salesforce.com, a San Francisco-based provider of customer relationship management software, got zapped in afternoon trading on Wednesday after the company reportedly suffered a severe system-wide outage on Tuesday.
A Salesforce.com representative could not be reached to confirm the extent of the outage.
“We are told the outage impacted a majority of customers, as well as restricting the company’s own access to the system. Customers were completely unable to log in and use the system to access customer data. We are aware of multiple customers that are quite displeased with the outage,” First Albany Capital analyst Mark Murphy wrote in a research note. “We believe this is the most severe and widespread outage Salesforce.com has experienced. It would not surprise us if Salesforce.com’s competitors get hold of this news and try to use it to their advantage.”

Posted by on December 21st, 2005 at 1:54 pm


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