Software as a Service Stocks: What Went Wrong?
Ironically, one of the hottest technology trends — software as a service (SaaS) — has been burning investors on Wall Street. As a group, SaaS stocks are down 30 percent year to date, a far worse showing than the DOW (down about 9.74 percent) and the Nasdaq composite index (down almost 18 percent), according to SeekingAlpha.com.
So, what went wrong with the SaaS market? And what are the key lessons for managed service providers?