SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: hueyone who wrote (5908)6/7/2002 2:59:15 AM
From: Hardly B. Solipsist  Read Replies (2) of 6974
 
I have to say that this sort of analysis is precisely why I think that the proposed accounting rules for stock options aren't very good. I don't want to give people the idea that I am generally satisfied with the way that company boards give huge option grants to their fellow directors, but treating this sort of dilution as if it is a simple expense is, in my opinion, just wrong.

I believe that ORCL, for instance, has used stock buyback to eliminate options dilution, and depending on when they made the purchases, the may very well have made money with these grants over the last couple of years.

Finally, if someone like Siebel isn't that important to his company, then why wasn't it started by someone else? And why is SEBL the leader in a very competitive market? I don't know what it takes to motivate someone like Tom, but I doubt that you can do it with a few million dollars. He probably gets that out his couch after a party...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext