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To: ItsAllCyclical who wrote (69558)	7/13/2000 2:31:32 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

If you want to dream a little, SEI hit a high of 47 15/16 on 10/31/97 at the peak of the last cycle. Since then the company has spent over $300 million expanding their seismic data base. In May of this year the company bought back 679,700 shares of stock for an average cost of $9.25 a share along with the following officers and directors: 9-Dec-99 LAWI, DAVID S Director 14,973 SEI Purchased at $6.18/Share. Cost of $92,533. 9-Dec-99 PEARLMAN, HERBERT M Director 15,638 SEI Purchased at $6.18/Share. Cost of $96,643. 17-Nov-99 STIEGLITZ, JOHN Director 1,000 SEI Purchased at $6.50/Share. Cost of $6,500. 9-Nov-99 ZEIDMAN, FRED S Director 200 SEI Purchased at $6.25/Share. Cost of $1,250. 9-Nov-99 LAWI, DAVID S Director 25,134 SEI Purchased at $6.13/Share. Cost of $154,071. 9-Nov-99 PEARLMAN, HERBERT M Director 25,948 SEI Purchased at $6.13/Share. Cost of $159,061. 8-Nov-99 CALVERT, HORACE A Director 15,000 SEI Purchased at $6.25 -- $6.50/Share. Cost of $95,522. 8-Nov-99 CRAIG, WALTER M JR Director 1,100 SEI Purchased at $6.00/Share. Cost of $6,600. I think it will be a home run. Jim

To: ItsAllCyclical who wrote (69558)	7/13/2000 2:55:50 PM
From: diana g	Read Replies (3) \| Respond to of 95453

RE Shorting SEI --- Hi Jim + Jim! The thing about SEI imho, is Not 'past problems' but current problems. That is, the management. This situation is so blatant that I find it difficult to understand how you fellows could take a Serious Look at this outfit's history and say SEI passes the 'Smell Test'. Jim L, you wrote <<"...The so-called accounting issues, what do they relate to? Do these accounting issues in any way effect past/future earnings and if so to what extent? ..." The accounting issues, imho, are important as indicators of management's way of doing business. I'm sure you fellows have read the Barrons article from last year, but just in case some new person is reading, I'll post the link--- Message 10092625 The thing is, they didn't make 'a mistake'. They decided to do things like handle their accounting as described in the article. And also give themselves the compensation packages, and so on. The spin off and its bankruptcy have been previously mentioned. Lots of clouds over that. If you look at all these things and think this company's price is an opportunity, you see things differently than I do. I see an outfit I wouldn't buy into at any price. Imho, I think Frame and his crew are Not looking out for shrhldrs. I think they're looking out for themselves. It may be that at times these agendas overlap. That's not good enough for me. When you talk about 'fundamentals', I think you're ignoring the really important 'fundamental' of management intentions. JimL, you're right that I see the short on SEI here as largely technical, and I will cover it before too long. ---However, I would Never Never Never be long this company. I'm surprized that others consider it a potential investment. But maybe it's me. I've been wrong before. Evidently you fellows think SEI management is as trustworthy as, say for instance, VTS or PGO management. We'll see how it goes. regards, diana