Michael Nemeroff, Wedbush Morgan

SAP AG (SAP) - Michael Nemeroff at Wedbush Morgan

Michael Nemeroff, an analyst at Wedbush Securities Inc in New York isn't convinced Investors should "trim exposure" to SAP until it becomes clear that the potential problems don't run deeper, he said "Major changes to SAP's senior leadership could create significant near term operational risk," Nemeroff said 

SAP AG (SAP) - Michael Nemeroff at Wedbush Morgan

SAP AG, the world's largest maker of business management software, may have capped its sales growth by caving in yesterday to customer pressure and unveiling cheaper software support options Seeking to retain existing customers and sign up new ones, the Walldorf, Germany based company said it will offer a choice between its current "enterprise" support, a full range of tailor made services to cut corporations' costs, and a lower priced standard package with basic software backup SAP also delayed a price increase on its enterprise support for a year "It potentially means less revenue for SAP on the support and maintenance side, if more of their customers opt for the lower level, which I believe most will," said Michael Nemeroff , an analyst at Wedbush Morgan Securities in New York 

SAP AG (SAP) - Michael Nemeroff at Wedbush Morgan

SAP AG, the world's largest maker of business management software, may have capped its sales growth by caving in yesterday to customer pressure and unveiling cheaper software support options Seeking to retain existing customers and sign up new ones, the Walldorf, Germany based said it will offer a choice between its current "enterprise" support, with a full range of tailor made services to cut corporations' costs, and a lower priced standard package with basic software backup SAP also delayed a planned price increase on its enterprise support for a year "It potentially means less revenue for SAP on the support and maintenance side, if more of their customers opt for the lower level, which I believe most will," said Michael Nemeroff, an analyst at Wedbush Morgan Securities in New York 

Salesforce.com, Inc. (CRM) - Michael Nemeroff at Wedbush Morgan

Wedbush analyst Michael Nemeroff offered up conflicting views Tuesday on Salesforce and SAP. a pair of enterprise software rivals that appear to be headed in opposite directions going into the new decade. Nemeroff raised Salesforce (NYSE: CRM) from a "neutral" rating to "outperform," saying that the on demand software vendor has a "strong and stable base of recurring revenue" and "low and very achievable expectations for growing in fiscal 2011." Earlier this month, Salesforce analysts estimates in its latest quarter as year over year sales surged more than 20 percent. 

Salesforce.com, Inc. (CRM) - Michael Nemeroff at Wedbush Morgan

Wedbush upgrades Salesforce.com (NYSE: CRM ) from Neutral to Outperform and raised their price target from $63 to $74, saying the company is well positioned for an economic upturn in 2010. Analyst Michael Nemeroff said, "we believe they will appreciate more relative to many of the other stocks in our coverage universe over the next 12 months, given the company's strong and stable base of recurring revenue and low and very achievable expectations for growth in F2011. To be sure, as the global economic environment slowly lifts from its protracted decline, we believe CRM is in an optimum position to capitalize on improving business trends such as enterprises shifting their primary imperatives to revenue generating activities from cost savings. This shift could be precipitated by increases in sales capacity (i.e., hiring), which likely would benefit Salesforce.com's core SFA product sales." . 

Salesforce.com, Inc. (CRM) - Michael Nemeroff at Wedbush Morgan

Salesforce.com Inc shares rose Friday after a pair of upbeat reports from analysts pointing to opportunities in so called cloud computing and leveling demand. Wedbush Morgan analyst Michael Nemeroff upgraded the stock Friday to "Neutral" from "Underperform." He said his previous caution on Salesforce, which makes business software for managing sales, marketing and customer support, stemmed from "possible dissatisfaction with the company's decelerating growth." He said that concern has been mitigated as investor expectations have come down. 

Salesforce.com, Inc. (CRM) - Michael Nemeroff at Wedbush Morgan

Professional services and other revenue totaled $22.6 million, down 3% year over year. Salesforce.com is a major player in the market for business software offered as a Web based service in which customers typically a subscription fee based on the computing power and capacity they need. Wedbush analyst Michael Nemeroff said Salesforce.com's results were similar to those of other subscription software companies "in that the income statement looked a little better than expected, which is more a characteristic of the strength of the subscription business model than the overall health of corporate tech spending." The company's cash flow "flow looked healthy which is probably due to strong internal financial controls," he added. But Salesforce.com's deferred revenue, which he said is "a decent proxy for new business sales in the quarter" remained under pressure. 

SuccessFactors, Inc. (SFSF) - Michael Nemeroff at Wedbush Morgan

While Soleil's Cummins kept his share price target at $44 for Salesforce, he "cut his estimate for the fiscal year ending January of 2011 to 82 cents per share in profit from 93 cents previously, and cut his revenue outlook to $1.42 billion from $1.45 billion," said Tech Trader Daily. Meanwhile, the strong quarterly results released by SuccessFactors Monday night caused analyst Michael Nemeroff of Wedbush Morgan to project that SuccessFactors would become an outperformer in the "subscription software" market , Tech Trader Daily said. SuccessFactors, which recently won a very high profile global contract from Siemens for 420,000 seats , is "well positioned to continue to deliver industry leading organic growth rates and increase market share during the economic downturn," said analyst Nemeroff. Saying that SuccessFactors will "be an early cycle play on the recovery," Nemeroff upped his forecast for this year's revenue from $146.8 million to $149.2 million, along with a reduction in its projected net loss from 19 cents a share to 5 cents a share. Looking ahead to 2010, he expects SuccessFactors to grow its revenue by about 20% to $179.1 million, giving it the opportunity to turn a projected profit of 7 cents per share. 

Salesforce.com, Inc. (CRM) - Michael Nemeroff at Wedbush Morgan

Joel Fishbein, Lazard Capital: "Finally feeling the macro pressure." Michael Nemeroff, Wedbush Morgan: "CRM will continue to face difficult compares over the next 1 3 quarters.growth expectations could need to come down further if the environment remains challenging." Terry Tillman, Raymond James: "The stock has moved too fast too soon, and depending on where the stock settles post the mixed outlook, we could look to get more constructive." Karl Keirstead, Kaufman Bros.: "In retrospect and by its own admission, CRM was too ambitious last quarter when it stated its plan to play offense in the weak environment and invest in order to gain share." Ross MacMillan, Jefferies: "Guidance implies little improvement in the rest of the year.risk of further billings deceleration."