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Credit Suisse Disruptive Technology Portfolio Mover Of The Week: Salesforce.com

And index of companies shaking up traditional business models.
The Credit Suisse Disruptive Technology Portfolio reversed its streak of weekly losses last week, with Salesforce.com leading the charge. The CRM company got a jolt as investors became more optimistic about the company's growth prospects ahead of its 2Q earnings report. The stock had steadily traded down from its February high of $43 because of concerns about decelerating subscriber growth, and speculation that Microsoft would launch a competing product during its annual partner conference in July.

Salesforce began to recover after reports of Microsoft's launch of CRM Live proved premature. The recovery became more pronounced as investors became comfortable that Salesforce's business fundamentals remain strong. Renewed optimism drove the stock up 14%, and investors were rewarded as the company reported strong 2Q results, highlighted by 57,000 new subscribers.

The Disruptive Technology Portfolio index closed the week up 7%, well ahead of the S&P 500, which gained 2.3% in the same period.

Disruptive Technology Portfolio
    Stock Price
8/16/06
% Change
Weekly
% Change
Year To Date
AAPL Apple Computer $67.98 6.9% -5.4%
ATYT ATI Technologies $20.91 3.4% 23.1%
BIDU Baidu.com, Inc. $78.18 11.3% 24.3%
BBBB Blackboard $29.20 4.2% 0.8%
BRCM Broadcom $30.38 19.1% -3.4%
CNQR Concur Technologies $12.16 0.4% -5.7%
CRM salesforce.com $28.32 13.7% -11.6%
CTSH Cognizant Technology $70.49 8.8% 40.2%
DRIV Digital River $47.26 9.4% 58.9%
EBAY Ebay $25.82 5.0% -40.3%
GOOG Google Inc. $387.72 2.9% -6.5%
INFY Infosys $44.15 9.5% -45.4%
KNXA Kenexa $24.87 10.6% 17.9%
MFE McAfee $21.02 4.2% -22.5%
MRVL Marvell $20.66 17.1% -63.2%
NOVL Novell $6.79 6.4% -23.1%
NSR Neustar $27.83 4.3% -8.7%
NVDA Nvidia Corp. $27.35 12.4% 49.6%
RHAT Red Hat $23.05 3.3% -15.4%
RIMM Research in Motion $77.72 13.3% 17.7%
RNOW RightNow Tech $13.65 13.8% -26.1%
TLEO Taleo $8.91 8.4% -32.9%
TIBX TIBCO, Inc. $7.65 5.4% 2.4%
TXN Texas Instruments $32.82 7.6% 2.3%
ULTI Ultimate Software $21.12 6.1% 10.7%
VRSN Verisign $18.61 6.6% -15.0%
WEBX WebEx Communications $35.83 11.5% 65.6%
WIND Wind River $9.48 17.8% -35.8%
WIT Wipro $12.93 2.9% 8.2%
YHOO Yahoo! Inc. $28.39 4.3% -27.5%
  DTP Index Value 209.21 7.0% -5.2%
SPX S&P 500 1,295.43 2.3% 3.8%

© 2006 Credit Suisse. Important disclosure information about potential conflicts of interest regarding the companies referenced above may be obtained at csfb.com/researchdisclosures, or by E-mailing [email protected] or calling 1-877-291-2683.

View the most recent results of the
Disruptive Technology Portfolio

Editor's Choice
Brian T. Horowitz, Contributing Reporter
Samuel Greengard, Contributing Reporter
Nathan Eddy, Freelance Writer
Brandon Taylor, Digital Editorial Program Manager
Jessica Davis, Senior Editor
Cynthia Harvey, Freelance Journalist, InformationWeek
Sara Peters, Editor-in-Chief, InformationWeek / Network Computing