Siebel Systems (SEBL) - strong buy? Message Board

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

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To: Uncle Frank who wrote (5563)	1/28/2002 6:58:18 PM
From: stockman_scott	Read Replies (2) of 6974

Siebel likes improving balance sheet By Mike Tarsala, CBS.MarketWatch.com Last Update: 6:53 PM ET Jan. 28, 2002 SAN FRANCISCO (CBS.MW) -- Business software maker Siebel Systems continues to improve its balance sheet despite difficult market conditions, said Chief Financial Officer Kenneth Goldman. "Financially we are rock solid," he said at the annual Banc of America Securities Technology Conference in San Francisco. "Our numbers are not pro forma, they are what you see." Goldman said the company has increased its cash and investments to $1.66 billion in the fourth quarter from $1.15 billion a year ago. The company's deferred revenue increased to $241 million from $231 million in the previous quarter. Siebel also decreased the average time in which the company is paid by its customers. One of management's goals for 2002 will be to increase revenue to $360,000 per employee -- a level the company reached in 1999. Sales per employee slipped to $260,000 last year. Shares of Siebel (SEBL: news, chart, profile) have doubled from lows seen in late September, but they fell by $1.06 to close at $36.14 on Monday.

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