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Friday, January 28, 2011

Salesforce Leads, VMWare Does Machines (CRM) (VMW)

Salesforce.com (NYSE: CRM) remains virtually unaffected by today's sell off. The stock rose 2.66% midday and has been in positive territory for the entire trading session. In further news, VMWare (NYSE: VMW) was down just over 1% today but has been on a steady comeback since noon. Both Salesforce and VMWare have been hit hard as the entire cloud computing sector was knocked down due to profit taking. Earlier this week VMWare reported its quarterly results which topped analyst consensus on both the top and bottom lines.

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