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To: Chispas who wrote (39469)3/9/2002 8:32:52 PM
From: puborectalis  Respond to of 99280
 
Siebel Soups Up Wireline Communications App
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By Erika Morphy
CRMDaily.com
March 8, 2002

Siebel director of product marketing Ian Turner told CRMDaily some 70 percent of orders can be lost in a typical order-management process. 'If an order gets rejected ... that means employees have to get involved, which can be expensive. It also slows down time to revenue and really upsets customers.'

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Siebel (Nasdaq: SEBL) has announced the availability of an enhanced version of its e-business app for wireline service providers, Siebel eCommunications 7. The application is designed to provide functionality in sales, marketing, service and other customer-facing business processes specific to the wireline communications industry.

The wireline release "is a great indicator of the depth of Siebel's expertise in vertical markets," Louis Columbus, senior analyst with AMR Research, told CRMDaily.com. "They are getting really good at this."

As an example, Columbus cited the business intelligence feature. "BI in this industry is very difficult to do because of the structure of the channels." The application also "pushes the envelope in order management," he said.

According to Siebel, the application will result in faster deployments and higher rates of end user adoption for the carriers.

The wireline app is the fifth release Siebel has made of its industry-specific applications as part of its Siebel 7 rollout. Other industry apps on the market include eEnergy, eGovernment and eConsumer Goods.

A D V E R T I S E M E N T

Changing Environment

The enhanced version of the wireline application reflects the changing environment for this particular industry, Ian Turner, director of product marketing for Siebel communications, media and energy, told CRMDaily.

"Now wirelines are focusing on developing customer-centric organizations," he said.

However, that was not always the case, given the industry's history and structure. When the wireline carriers were monopolies, and even after deregulation, they tended to organize along product lines with little enterprise wide data or systems integration.

"After deregulation, they found themselves in a situation where they had always developed in silos and it was difficult to immediately change the way they did business," Turner said.

The wireline industry is changing its tune at this point, in part because of the recent economic climate.

"Over the past 18 to 24 months, wireline companies have been focusing on profitability, instead of revenue and on operational efficiency, i.e. cost cutting," he said.

Order of the Day

Siebel said its souped-up wireline application focuses on the pain points that carriers must address if they want to remain competitive.

The order management feature, for example, allows wireline providers to capture orders in a much more flexible fashion, Turner said.

"There have been huge problems in the past because these companies have had a plethora of order management applications, which has made it quite hard to capture and validate the order," Turner told CRMDaily.

Turner cited one industry statistic indicating that some 70 percent of orders are tossed out in a typical order management process.

"If an order gets rejected because it is missing bits of information or the data is incorrect, that means employees have to get involved, which can be expensive. It also slows down time to revenue and really upsets customers, as well."

Less Rejection

Siebel's wireline order management feature can capture orders through any channel, and allows customer to make changes during the process, instead of the system having to reject an order, he said.

It also allows wireline carriers to offer bundled products, "which is a growing trend in the industry," Turner said.

Safety Blanket?

Another feature is its business intelligence, or analytical capability, which helps carriers better understand their customer base, identify their most valuable customers and provide improved service, Siebel said.

When wireline providers do not have enough information about their customers, they tend to offer blanket promotions to a large population of customers, Turner said.

"Because they lack certain information, they usually wind up offering the same promotions to people who can go to other service providers and to those who don’t have access to other service providers," he said.

The analytical capability is enterprise-wide, he added, providing a company's sales, marketing and other departments access to the customer data.



To: Chispas who wrote (39469)3/10/2002 3:46:35 AM
From: LTK007  Respond to of 99280
 
I am now reading an unauthorized biography just released, entitled, SOROS THE LIFE AND TIMES OF A MESSIANIC BILLIONAIRE by Michael T. Kaufman. You might be interested.Max p.s. the "unauthorized" was a demand by Soros. He said if you dig up skeletons in my closet I expect you to write about them.



To: Chispas who wrote (39469)3/10/2002 4:15:24 AM
From: LTK007  Read Replies (1) | Respond to of 99280
 
Regards this quote<<Only Warren Buffett rivalled Soros as an investment maestro. And Buffett's
approach was infinitely more prosaic. He simply bought stocks in rock-solid
companies such as Coca-Cola and Disney and held them forever>> Soros is changing. Last year he said is going conservative and targeting 15% return on an annual basis.
He sees dangerous times and feels he need be protective towards his charity funds.
Also to be fair to Buffet his way over the haul had a spectacular performance.Anyone who invested in Berkshire in 1956 is a millionaire many times over.
Two years ago Brooklyn Polytech was pleasantly shocked that a retired profesor of their school on his death willed 80million dollars to Brooklyn Poly.
The money was the result of his just investing a portion of his teachers salary into Berkshire from the 50s on.



To: Chispas who wrote (39469)3/10/2002 8:55:27 PM
From: Chispas  Respond to of 99280
 
Depression 'rampant' among financiers

By Alison Gee
BBC World Business Report

Wall Street's stock brokers are as depressed
as the prices of shares in dotcoms, according
to research by a New York student in clinical
psychology.

A study of male brokers in their 20s found they
were three time more likely to suffer from
clinical depression than men in other
professions.

Alden Cass, a doctoral
student at Nova
Southeastern
University in Florida,
cultivated a circle of
stockbroker friends in
New York to help him
with his study.

The "New York City
Stockbrokers and
Stress" study found
many showed manic
symptoms - lack of
sleep, delusions of
grandeur, excessive risk taking, reckless
spending and drug abuse.

Between the highs, Mr Cass found many
brokers were deeply sad and anxious, and
suffering from fatigue.

While Mr Cass has admitted his research
methods might not stand up to strict academic
scrutiny, he maintains they have academic
value.

Would you trust them with your money?

He says 23% of his sample group were
clinically depressed compared with 7% of men
as a whole.

But it is not just low share prices that bring
psychological problems - when markets are
riding high there is even more pressure for
brokers to make large sums of money.

It seemed their inability to control the markets
can make them depressed and this macho
environment, where they are not encouraged
to talk about their feelings, the result is a
sense of isolation.

However another study found that brokers in
the southern state of Florida were less likely to
be depressed - partly because of the climate
and the different environment.

Investor concern

Mr Cass believes the findings should interest
anyone who has money invested in the
financial markets.

When brokers feel down, he says, the number
of calls they make to potential investors can
fall by as much as 50%, which in turn can
mean there is less new money available to help
push up share prices.

The mental health of people in the financial
world has also caught the interest of influential
financial organisations in the US, such as the
Federal Reserve Bank of New York and the
Securities Industry Association, which are keen
to highlight the problem and warn brokers how
to recognise the warning signs

Mr Cass has founded Wall Street Organizational
Researchers and Consultants with nine other
doctoral students and hopes to cash-in on the
research by advising investment banks and
stock brokers.