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

To: Uncle Frank who wrote (5886)	5/22/2002 7:46:27 PM
From: ratan lal	Read Replies (1) \| Respond to of 6974

>> That means that he has sold approximately 50% of his holdings. . No, that means he sold 42% of his holdings UF - The key word is APPROXIMATELY

To: Uncle Frank who wrote (5886)	5/22/2002 8:35:14 PM
From: Thomas Tam	Read Replies (3) \| Respond to of 6974

Nonetheless, he has sold a lot of shares (rightly or wrongly), but my question is why do we continue to support such dilutive stock compensation on top of what I would say is a decent salary? If the company is so good, why does he continue to give parts of it away to himself at our expense? I am long, but I really am starting to get disturb by the excess compensation we give corporate execs at the little guy's expense (and then not declaring it an expense). That's my two cents (Canadian, which equals about 1 cent US) Thomas

To: Uncle Frank who wrote (5886)	5/22/2002 10:52:44 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 6974

Frank, No, that means he sold 42% of his holdings. You overstated his reduction by 8/50 = 16%. If you're gonna nitpick the numbers, at least get it right. It's 8/42 = 19%. 50 is 19% greater than 42, not 16% greater. (42 is 16% less than 50.) My bet: Anyone who thinks it's alarming that Tom Siebel has sold of 50% of his personal stake would likely and understandably think that the sale of 42% of his stake would be no less alarming. Moral: Ya gotta know when to nitpick and when not to. :) --Mike Buckley

To: Uncle Frank who wrote (5886)	6/24/2002 6:35:14 PM
From: Mike	Respond to of 6974

Yeah Franky - I was really trying to get one passed you, because I would gain sooooo much from fooling you with my math trickery. As for my credibility, I think todays share price will bear that out - it closed at 13.99 with a day low of 12.55. I've been shorting this dog since it hit 35 back in March. I was merely sharing what I thought was painfully obvious to everyone but you. As for Tom's current holdings, it looks like he as sold another 1.6 million shares in April. He is personally holding 33 million shares but he is constantly receiving new option grants from the board. So, if he exercises new options his holding could change. Also, this number does not include shares he holds in trusts. Keep in mind that when he receives a grant, the strike price is pennies (unlike other siebel employees who get the current market price). Because of this, he doesn't care as much about his sell price - its all profit. But don't take my word for any of this because I may just be trying to "get one passed" you. Don't listen to me franky, keep you money with Tom & company. In fact, increase your long position - I'll be laughing when Tom fleeces you for all your worth.