Netsuite (N)

I work in the technology industry (A VERY big company) and see that the direction is in the area of "SaaS" or "Software as a Service". Netsuite seems to be well positioned to take advantage of this. Hear me loud and clear... This is NOT a fad. This is the FUTURE... In 10 years, ALL software will be sold as a service. It's up to the larger companies like Google, Microsoft, Netsuite, etc to pave the road to this market. I can almost guarantee you that this will be a 10 bagger or more. It's just a matter of how fast it will happen.

Why is SaaS so popular? IT is expensive. Customers hate installing products, security patching, rolling over hardware leases, etc. They want to outsource all of this stuff to India or put things in the "cloud" (see "Cloud Computing" in wikipiedia).

Also from a persoanl consumer perspective, think about how much you hate having to upgrade office every 2 years, or maybe saving money by skipping a version here or there, etc. Think about how difficult it is for a company like Microsoft to keep dreaming up of new features that will entice you to spend your money to purchase the next version... What if you just paid $50 for the rest of your life and got all of the upgrades, security patches, new features, alerts, etc behind the scenes and never had to worry about it? That's what SaaS is...

It's the future. I just don't know how long it will take for Netsuite to be a 10-bagger, but it will happen. Personal computers will get dumber and online applications will get smarter. It's the web people. Embrace it...

see ahat i copied n pasted below.ill step down. 3rd richest man in our country owns 52% of the shares n if u look at what hes been involved with i have no problem saying he is much smarter than me so i will ride his coat tails n believe in this one rising up n kicking....donkey.
3. Lawrence Ellison
Net Worth: $27 billion
Source: Oracle
Residence: Redwood City, Calif.
Age: 65
Oracle founder continues his spending spree: Sun Microsystems in April for $7.4 billion; deal awaiting EU approval.
Database giant has bought 54 companies in the past 5 years.
Bought BEA Systems for $8.5 billion last year; still sitting on billions in cash.
Stock flat in past 12 months. Sales: $23 billion. More at Forbes.com:
In Pictures: A Recipe for Riches
Studied physics at U. of Chicago; didn’t graduate.
Started Oracle 1977; took public a day before Microsoft in 1986.
Owns 52% stake in business software company NetSuite; shares worth $440 million.