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

To: Mike Buckley who wrote (4555)	3/6/2001 9:42:43 AM
From: David Howe	Respond to of 6974

I guess that's how we should feel now, to a certain extent. Since the PE is now below 50 for this years earnings and below 40 for next years, the stock looks fairly priced even at slower growth rates. A number of companies such as ORCL and MSFT have PEs above 30 and their growth has slowed to practically zero, or negative in the case of ORCL (lowered EPS targets to below last years numbers). So, what's our choice, pay a PE of 30+ for a company with no growth at this time, or pay a PE of 40+ for SEBL which is growing rapidly. I'll take some SEBL in my portfolio, thankyou. IMO, Dave

To: Mike Buckley who wrote (4555)	3/6/2001 9:43:22 AM
From: muckraker71	Read Replies (1) \| Respond to of 6974

Mike, as painful as it is for me, I agree with you. Tom has always said that if the company executes, the stock will take care of itself. I know that's a standard line, but I suspect this guy really means it. In any event, as long as the fundamentals are strong, I don't think the firm will make any announcements. I think the firm will only announce bad news. For me, no news is good news.