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

To: rkral who wrote (6399)	10/1/2002 9:48:41 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 6974

Is that documented somewhere? Or do you personally know some Siebel employees who have made that known to you? Oh... no ... sorry- I looked at the tone of my post again and I should have stated it differently. I know people at Siebel, maybe 5-10 total. The highest level is director in one of the engineering depts so these are just workers, not management. They are all unhappy... as has been said on this thread before sebl is not the best atmosphere even when times are good... but anyway people are unhappy and feel the industry and siebel is imploding. The industry woes are documented, the problem with sebl in particular is all the layoffs are adding to the mess.... large reorgs and all that. This is not new, a few mos old. BTW wrt the departure of the sales VP, what I heard was (paraphrasing from memory)... the "sales VP" job at sebl is somewhat of a paper tiger. The regional DMs (the guys that actually get the commission) have all the power. Right now Tom and upper mgmt are riding all the sales heads and leaving this sales VP guy out of the loop... some feel he would have been out of a job soon anyway... so he bailed for SAP. They are happy to get him if only for his contacts and knowledge of sebl weaknesses. The stock dropped a point on this news, seems like an overreation based on what I hear. So thats it, just trying to clarify... doom and gloom and no end in sight. Having said that, buying in times like these companies with strong management has worked out well for me in the past. Hey- the Sun thread has deteriorated into politics. Can't we get an options expensing debate going on over there... :-) Lizzie