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

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To: Mr Logic who wrote (1220)3/11/1998 11:52:00 AM
From: seth thomas  Read Replies (2) of 6974
 
Patrick - the rough order of magnitude of the technical problem is like merging two databases. These companies have two entirely different code lines - one built for UNIX, and one built for MS. They have different UI's. They have different schemas.

Also on this thread are some comments that say in effect, "SEBL will drop the SCOP product". Great. I'm sure every SCOP customer and worse, SCOP customer in the pipeline, is now thrilled.

So, I'm a little confused - are they dropping it, or keeping it? And if I were about to become a customer, why would I want to go through so much uncertainty over such a period of time?

Indeed, I have been involved in software company mergers, have managed development teams, and have run sales orgs. I've also been a software company CEO. The SEBL/SCOP challenge is not one I'd want to manage.

My comments regarding SEBL vs. VNTV are simply this: there's mor upside over the next 6 months in VNTV than in SEBL. SEBL was on a roll, then they created this chaotic situation for themselves. Evidently, given the price and timing, things were in more trouble at SCOP than I realized, or else some egos were so big, they couldn't take an outside coming in to rin things. The board must have been quite concerned. Really, I would have thought that SCOP would run independently for another 12 months, and then sold out at a price in the upper 20 range.

So, if SCOP was messed up, why buy them?

I'm not short SEBL. Never owned any short, long, options, etc.

I am big long on VNTV.

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