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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (2879)	6/30/1999 9:32:00 AM
From: Trader Dave	Respond to of 6974

Please see the yahoo sebl thread. Bottom line this is primarily very old news. Graham's background and Tom's reputation kept me out of the stock until April of this year. My experience with Howard at SEBL is that he's been pretty above board, at least in his dealings with the investment community. He's been unwilling to give large holders or fast money types a wink during quiet periods even when the stock got trashed in April. I doubt there's been much in the way of accounting shenanigans at SEBL in recent quarters. Given the tone of their business, they don't need to play with numbers. However, if anything funny appears AT ALL, the stock his a much higher risk factor. Any institution that has ANY experience at all in technology investing is well aware of Graham's background. That combined with Tom's style has meant very jittery reaction to DSO increases, 1x charges, accounting issues and the like. I was willing to invest in SEBL because of the recent additions to the management that add a lot of depth and credibility to the management team. I don't know the history or exactly what happened, but I it looks like there is truth to at least some of the allegations. It's tough, I want to own the leaders in front office. For my money. I feel much better with the management at Clarify. Tony has built up a team with tremendous vision, execution capability and a high degree of integrity. Clarify is doing extremely well, but SEBL is kicking butt in a market that will make the erp market look tiny. I'm happy to own both, but wary of Howard. TD