Salesforce.com Worth $128 If It Doesn?t Overspend On R&D

If R&D spending relative to gross profits continues to follow its historical growth trend, reaching about 15% by the end of our forecast period, it would imply 15% downside to our $128 price estimate for Salesforce.com stock.

Source: http://blogs.forbes.com/greatspeculations/2011/03/16/salesforce-com-worth-128-if-it-doesnt-overspend-on-rd/

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