1 Million Reasons Shorting Salesforce Stock Is More Dangerous Now
Apr 9th 2013 6:54PM
Updated Apr 9th 2013 7:02PM
In what might be characterized as a celebration of 1 million developers using its platform for hosting Web-based software, salesforce.com announced new software development packages meant to broaden its appeal for apps targeted at mobile devices.
Executives will tout the new SDK, which supports iOS and Android as well as HTML5 for pure Web apps, during a 37-city tour. Salesforce stock fell slightly following the news as Rackspace Hosting pitched similar mobile "stacks" to help developers create and deploy apps quickly.
Both efforts have merit, Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova says in the following interview with The Motley Fool's Erin Miller. At the very least, Tim says, those shorting Salesforce stock need to be watching how developers take to the new SDK. Their returns (or lack thereof) depend upon it.
Please watch this short video to get Tim's full take, and then leave a comment to let us know whether you believe Salesforce stock is a buy, sell, or short right now.
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The article 1 Million Reasons Shorting Salesforce Stock Is More Dangerous Now originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Rackspace Hosting and salesforce.com at the time of publication. Erin Miller didn't own shares in any of the companies mentioned. Check out Tim's Web home and portfolio holdings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Rackspace Hosting and salesforce.com. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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