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

To: Lee L. who wrote (4551)	3/6/2001 9:22:32 AM
From: David Howe	Read Replies (1) \| Respond to of 6974

He left SEBL to take a higher position with Vignette. Here's the press release from this morning on that. So, your bad news scenario, is no founded. He was doing an excellent job at SEBL (that's widely known) and Vignette knows it, thus offering him the COO job. The stocks probably not down on this news. It's down a bit because SEBL has clearly guided an analyst downward on their estimates. Maybe they didn't outright guide them, but their comments must have been cautious enough that the analyst saw it fit to lower estimates a touch. This might be the bottom, or at least a temporary one, IMO. << Vignette names Thomas Hogan chief operations officer AUSTIN, Texas, March 6 (Reuters) - Vignette Corp. (NASDAQ:VIGN) said Tuesday Thomas Hogan has been appointed president and chief operating officer and will assume immediate responsibility for worldwide operations, including sales, marketing, support, services and product development. As president, he succeeds Greg Peters, who continues as chairman and chief executive officer of Vignette. The producer of Internet application software said Hogan joins the company from Siebel Systems Inc. (NASDAQ:SEBL), where he most recently served as senior vice president of worldwide sales and operations. Prior to two years at Siebel, Hogan held several executive posts at IBM (NYSE:IBM). >>

To: Lee L. who wrote (4551)	3/6/2001 9:27:29 AM
From: Mike Buckley	Read Replies (3) \| Respond to of 6974

Lee, Now, I believe they should make a statement on how they're doing. Why? So management can placate the short-term traders who want to know what the stock might do tomorrow? Especially with the new, lower valuation, do long-term investors really care how the company is doing this month? This quarter? Sure, we care to a limited degree. But if the long-term fundamentals remain on track (increasing margins, relatively rapid growth, penetrating new markets), we really don't care how the numbers will look over the next couple of quarters. --Mike Buckley