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

To: Lee L. who wrote (3010)	9/15/1999 9:19:00 PM
From: Turs	Read Replies (4) \| Respond to of 6974

For what it's worth, I saw Siebel present at a conference today. Howard Graham, CFO, made an interesting comment. He said it's perplexing how Oracle can be doing so well in CRM ($31m in most recent quarter and $41m in May Q). Siebel is competing against ORCL in maybe 4 of 100 deals currently and Graham says Clarify claims not to see much of ORCL either. But all of a sudden, ORCL has become the #2 CRM vendor? He thinks (and I agree) that ORCL is defining CRM products as something broader than the rest of the industry, so they can report a bigger presence than they really have. With that said, on the earnings conference call yesterday, Larry Ellison accidently let it slip that HWP will be standardizing on ORCL's CRM product suite. Graham says he doesn't think SEBL was even invited to compete for that business.