Salesforce.com (NYSE:CRM) Revenue Should Remain Intact

Salesforce.com's (NYSE:CRM) revenue should remain intact, even though Morgan Joseph says they're lowering their non-GAAP EPS estimates on the company because of potential dilution from the acquisition of DimDim.

Morgan says, "We are adjusting our non-GAAP EPS estimates to account for the possible dilution from the DimDim acquisition, however we do not anticipate any material changes to revenue. We continue to estimate CY10, CY11, and CY12 revenue of $1.65bn, $1.99bn, and $2.35bn, respectively. We now estimate CY10, CY11, and CY12 non-GAAP EPS of $1.18, $1,45, and $1.95, respectively, down from $1.19, $1.49, and $2.01."

Morgan Joseph maintains a "Buy" rating Salesforce.com, which closed Friday at $142.22, down $1.12, or 0.78 percent. Morgan has a price target of $170 on them.