Software as a Service Stocks Rise 4%

Software as a service stocks (SaaS) rose sharply for the second consecutive week. Specifically, our SaaS 20 Stock Index climbed 4 percent for the week ended Dec. 5, and the index is up more than 21 percent since bottoming out on November 21.

Still, SaaS companies have not lived up to their hype in 2008. Despite the recent rally on Wall Street, the SaaS 20 Stock Index — operated by The VAR Guy’s parent, Nine Lives Media Inc. — is still down more than 47 percent this year.