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

To: Mike who wrote (6082)	6/26/2002 1:22:57 PM
From: EnricoPalazzo	Read Replies (2) \| Respond to of 6974

Reading this article, I'm seeing that a) Siebel gets paid a lot b) Siebel's options aren't priced at < $1, but are usually around market price (maybe $1 or two below). I think we all knew a), but b) may be news to at least one of us...

To: Mike who wrote (6082)	6/28/2002 8:02:44 AM
From: rkral	Respond to of 6974

That article is over a year old IMHO Strange! The only "date" attached to the article itself is "May" without a year. But it definitely reads like it was written in May 2001, NOT May 2002. Graef Crystal is complaining about a grant (presumably) made on 12/31/1999, being counted as a FY2000 option grant, which didn't become known until the April 2001 proxy. The author implies the grant was really a 1999 grant. So your "Items that weren't disclosed until 2002 had a material impact during 2001" should really read "Items that weren't disclosed until 2001 had a material impact during 1999". Ron

To: Mike who wrote (6082)	7/1/2002 10:57:09 PM
From: David Howe	Respond to of 6974

That article is more than a year old and is completely irrelevant at this time. Who cares about option grants when the stock price was several times higher than it is today? Those grants would have absolutely nothing to do with the fall in the stock price and will have nothing to do with holding the stock price down unless the stock goes up 200% or more. The stock is down because of the bear market and because IT spending is down. The great growth expected for SEBL and thousands of other companies has not materialized. It might some day, but not in the near future. That is why the stock is down, not some option grants to senior execs. IMO, Dave