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

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To: hueyone who wrote (5908)6/7/2002 9:25:48 AM
From: Mike Buckley  Read Replies (2) of 6974
 
Huey,

Unfortunately, Siebel hasn't made a dime for outside shareholders for three years in a row.

Net of an adjustment for the tax benefit relating to stock options, the company generated $419 million in free cash flow during that period. In Q1 of this year, an additional $156 million was generated. (Operating cash flow - capex - tax benefit)

The insiders are walking off with every dime and then some. Why are we paying ...

If you feel so strongly about that, what is your justification for investing in Siebel? I assume you are when you ask why "we're" paying.

--Mike Buckley
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