To: chojiro who wrote (6339 ) 9/21/2002 1:50:03 PM From: Lizzie Tudor Read Replies (1) | Respond to Hi Lawrence, it's my opinion there is a greater risk of further erosion of fundamentals with Siebel than improvement dried up (I'm talking about ciena going from over 450mm/qtr in 2000 to 50mm/qtr today) have a hard time trading for under cash. Siebel is doing worse than 2000, sure but it is not the complete dearth of business and "no light at the end of the tunnel" that optical faces. Additionally, many cash-rich companies are burning cash. So the bears argument is, that the cash will be gone one day. But sebl is cash flow positive and making money, other than buybacks doesn't spend on much and will probably add to his cash hoard over the year. revenue per employee at sebl with employee pay. (if everybody in SV made an equivalent salary to their revenue draw, we'd all be pretty happy). Its hard to make fundamental calls on companies with missteps like that.
