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To: 10K a day who wrote (129989)	8/12/2001 3:05:35 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Some tech leaders believe the sobering market losses have helped Silicon Valley by quashing get-rich dreams and sharpening the focus on business. Tom Siebel, CEO of software maker Siebel Systems in San Mateo, said he has been unfazed by a $2.8-billion loss in the value of his holdings in the company since March 2000 and a $18.5-billion drop in the business's market value. "The stock market looks like a big casino these days. It's just kind of crazy, so I pay very little attention to the day-to-day fluctuations in our stock price," Siebel said. "As far as I'm concerned, they could close the stock market for five years."