Technology is entering a new era but hardware is not the future. So says Mark Benioff the CEO of Salesforce.com.
He also tells us he’s looking to get more aggressive and constantly looking for more acquisitions. “We’ve done 3 and we’re looking to do more.”
Get all the details. Watch the video now!
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Trader disclosure: On Oct 13, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Najarian owns long call spreads AMZN; Najarian owns long call spreads AAPL; Najarian owns long call spreads GOOG; Najarian owns long call spreads RIMM; Najarian owns long call spreads WHR; Najarian is long CME; Najarian is long CBOE; Najarian is long CIGX; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Terranova is long vrts; Terranova is long lqd; Terranova is long MUB; Terranova is long FCX; Terranova is long TBT; Terranova is long OXY; Terranova is long HOS; Terranova is long F; Terranova is long LULU; Terranova is long CAT; Terranova is long AXP; Terranova is long AAPL; Terranova is long OIH; Terranova is long EMC; Terranova is long WFC; Terranova is long IBM; Terranova is long Silver Dec $40 puts; Finerman owns AAPL; Finerman owns BAC; Finerman owns GOOG; Finerman owns JPM stock leaps & puts; Finerman owns GDX; Finerman owns MSFT; Finerman’s firm owns AAPL short calls; Finerman’s firm owns MSFT; Weiss is long NIHD; Weiss is long JPM; Weiss is long QCOM; Weiss is long SSO; Weiss is long KO; Weiss is long RIMM; Weiss is long HPQ
For Brian Stutland
Stutland owns GOOG short puts
Stutland Equities is a market maker holding hedged positions in VIX futures and options
Stutland Equities is a market maker holding hedged positions in VXX stock and options
Stutland Equities holds hedged positions in SPX options and SPY stock and options
For Dan Berenbaum
For Gene Munster
The following companies have been investment banking clients of Piper Jaffray during the past 12 months: ACOM, DANG, DRIV, MOBI, YNDX, YOKU
Piper Jaffray expects to have the following companies as investment banking clients within the next three months: YNDX, YOKU
Other material conflicts of interest for Gene Munster or Piper Jaffray regarding companies in my universe for which I am aware include: ACOM, DANG, DRIV, MOBI, YNDX, YOKU: underwriting
Piper Jaffray received non-investment banking securities-related compensation from the following companies during the past 12 months: ACOM, DRIV
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