CRM Player Taken Out Behind The Woodshed

So, had their first investor/analyst call today. After having their IPO delayed a number of times, yet still riding a hype wave to the biggest first day gain for an IPO this year, the market pummelled them for missing analyst projections. Oops. Stock goes down 27%, giving up a good chunk of their gain to date in one fell swoop.

Too much hype makes the market cranky, especially when you don’t live up to it.