Siebel Systems (SEBL) - strong buy? Message Board

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

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To: mtnlady who wrote (3567)	5/25/2000 1:48:00 PM
From: Boplicity	Read Replies (1) of 6974

Baan Won't Comment on Buyout Rumors Oracle Said To Be in Talks With Dutch Software Maker Get Quote, Company Info: ORCL Reuters BARNEVELD, Netherlands (May 25) - Money-losing Dutch business software firm Baan Company on Thursday declined to say with whom it was talking about its strategic options, although it did say nothing had been settled. "There's no concrete news and we can't comment on names at the moment. Lazard Freres is busy with Baan looking at strategic options and that includes companies," a Baan spokesman said. Baan said in March it was considering a number of possibilities to strengthen its balance sheet and secure its future and was likely to spin off its customer relationship management (CRM) software for the e-business market. It was due to make a decision on the e-CRM activities in July. On Thursday, rumors abounded that U.S. software and database firm Oracle Corp. was in talks to purchase Baan as a whole or to buy its CRM unit. Baan shares consequently rose to a high of 2.99 euros, a gain of 86 percent, as speculative buying and short-covering combined. Baan, which once rivaled Europe's leading maker of business-management software SAP, reported its seventh consecutive quarter of losses in April and its financial troubles have been building steadily since. Baan shares hit an all-time low on Tuesday of 1.16 euros.

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