Siebel Systems (SEBL) - strong buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockman_scott who wrote (5565)	1/29/2002 9:27:09 PM
From: Mike Buckley	Read Replies (2) of 6974

"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." To be very frank, that comment, if it is quoted accurately, really bothers me. Every time Siebel has had one-time write-offs, the company has religiously provided pro forma numbers. Even in the most recent earnings report, the first paragraph that discusses earnings stated a pro forma comparison. In times past, management preferred that we focus on pro forma numbers because the numbers looked better. Now that the non-pro forma comparison shows annual growth of earnings at 104%, the company prefers that we make that comparison. If we instead focus on last year's pro forma earnings as the company asked us to do this time last year, there was no growth in earnings. I'm sure that the next time a merger, acquisition or some other one-time charge materially impacts earnings, management will again report pro forma earnings in a heart beat. Anyone wanna bet me about that? --Mike Buckley

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next