MSPmentor

Software as a service (SaaS) stocks remain on a losing streak. MSPmentor’s SaaS 20 stock index fell 11.86 percent for the week ended November 21. The index has fallen more than 55 percent since January 2008 — proving that SaaS companies are not immune to the economic turmoil around us.

Among this week’s developments: Mixed news from Salesforce.com but good news from Dell on the SaaS front. Here are the details.

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When it comes to software as a service’s potential, is the glass half full or half empty? Before you answer consider that MSPmentor’s SaaS 20 Stock Index is now down 50.42 percent from January through Nov. 14, 2008.

Even worse: The poster child for SaaS — Salesforce.com (CRM) — has seen its shares fall nearly 60 percent this year. Plus, five companies in our index have seen their shares plummet more than 70 percent this year. And investment firm Global Equities Research predicts SaaS and open source companies will suffer greatly amid the current economic turmoil.

Why are some people so down on SaaS? And why do I remain upbeat about the long-term promise of SaaS? Here are four quick observations.

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NetSuite, one of the software as a service (SaaS) industry’s key players, remains stuck in a financial paradox: Even as the company’s revenues rise dramatically, NetSuite’s stock remains depressed. What does that say about the SaaS market as a whole?

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For the week ended October 31, our software as a service stock index closely followed the Dow Jones Industrial Average. While the Dow rose 11.3%, MSPmentor’s SaaS 20 Stock Index climbed 10.20%. But don’t cheer too loudly. For the year our SaaS 20 Stock Index is down 42.46%.

Here’s a look at the entire index.

Consonus Technologies Inc., a data center expert and managed service provider, has cancelled its initial public offering (IPO). The Cary, N.C.-based company originally filed to launch an IPO in May 2007, notes the Web Host Industry News.

But turbulent financial markets and a less-than-stellar IPO by rival RackSpace forced Consonus to remain private — at least for the time being. Read More >

MSPmentor’s SaaS 20 Stock Index, which tracks the software as a service industry, has now fallen four consecutive weeks. The index dipped1.29 percent to 598.79 for the week ended October 17.

For the year, the SaaS 20 Stock Index is now down 40.12 percent, reflecting the fact that SaaS companies are not immune to the economic slowdown.

The U.S. economic crisis continues to undermine software as a service (SaaS) stocks. MSPmentor’s SaaS 20 Stock Index fell 15.29 percent to close at 606.61 for the week ending October 10. The index is down 39.34 percent since the start of 2008, proving the fast-growing SaaS industry is not immune to the economic crisis.

Here’s a look at the complete SaaS 20 Stock Index, and the year-to-date performance of its individual members.

So much for immunity from the recession. Software as a Service (SaaS) stocks are now down nearly 30 percent in 2008. During the past week alone, MSPmentor’s SaaS 20 Stock Index fell 13.92 percent, closing at 716.13 on Friday, October 3. Read More >