Why Salesforce Has Undercut Buy Point Before Earnings
Salesforce.com (CRM) fell Wednesday afternoon, undercutting a recent breakout buy point before its earnings report after the close, due to key rival SAP (SAP) ruling out a takeover. Salesforce is the top provider of customer relationship management software. It competes against Oracle (ORCL), SAP (SAP) and Microsoft (MSFT), among others. On April 29, media reports said Salesforce was mulling options after receiving takeover inquiries. The stock