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

To: chojiro who wrote (5943)	6/8/2002 1:17:04 PM
From: Mike Buckley	Respond to of 6974

chojiro, How long do you think it will be before they end up doing a reverse split to lighten the burden(which Tom created) on the shareholders or to keep their NASDQ listing? I don't see a reverse split in the cards. How long do you think it will be? --Mike Buckley

To: chojiro who wrote (5943)	6/8/2002 1:55:58 PM
From: hueyone	Respond to of 6974

I remember your post from two months ago Chojiro. Although I don't generally post here, I was lurking. I got a chuckle out of Siebel criticizing other companies for their accounting practices as well. As much as I like to repeat the story about Larry Ellison exercising 706 million in options last year while Oracle stock was declining 57%, the fact is that the impact on Siebel's results from accounting for stock options with Black Scholes is far worse than the same exercise is for Oracle. Tom Siebel has a much more significant stealth income pipeline running than Larry in terms of impact on their respective companies' results. Best, Huey