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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: hueyone who wrote (5973)6/11/2002 11:19:05 AM
From: paul_philp   of 6974
 

I suspect if you went back and studied Softies financial history you would find that they were employing stock options to a much lesser extent when they were a small to midsize company, (arguably their most productive and innovative years) than the extent companies are employing stock options today. Same can probably be said for HP, Intel, Apple, or any other number of highly successful, innovative companies that were spawned during an earlier era in the Valley.


Huey,

I built a team to write a commerical product for Windows beginning in early 1990. It took a lot work to find anyone with experience and any qualified instruction. We put a lot of investment into training the programmers and we had one of the earliest teams of Windows application programmers.

Guess what happen. Over 50% of them went to Microsoft over the next year. Why? Our strategy to overcome the lack of experience was to higher very smart people. Once they were trained in Windows they became valuable to Microsoft. The matched our (already very high) salary range but we could not compete with their stock options. Microsoft hired a lot of very talented people because of their stock options and they are all well off right now.

Paul
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