Salesforce.com has priced a $1 billion convertible note offering. And usually, I would not bother with this kind of deal, but it's not being done to refinance debt and since Salesforce is doing rather well, you have to start thinking acquisition. The press releases from the CRM vendor about the notes rattle off the usual kinds of use of the proceeds - general corporate purposes, possible acquisitions or investments and working capital and capital expenditures.