Siebel Systems (SEBL) - strong buy? Message Board

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

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To: Brasco One who wrote (6405)	10/7/2002 8:01:42 AM
From: JakeStraw	Read Replies (1) of 6974

Siebel staff: We'll take cash Siebel Systems' employees have spoken: They'll gladly give up stock options for cold, hard cash. In a filing with the Securities and Exchange Commission Thursday, the software maker said that roughly 3,400 employees swapped their eligible "underwater" stock options for $1.85 in cash or stock. A stock option is underwater when the strike price is higher than the current value of the stock. cl.com.com

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