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

To: mtnlady who wrote (6444)	10/18/2002 1:08:01 PM
From: ynot	Read Replies (1) \| Respond to of 6974

sensible, both the observation and the approach however if sebl goes below $3, it may not despite my target ;) you may want to re-consider the definition of a CRM gorilla imho regards, ynot :)

To: mtnlady who wrote (6444)	10/18/2002 2:41:17 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 6974

mtnlady, And if I can get SEBL at $1-2 I've never tried to predict how high or low a stock will go, but if SEBL gets that low I'll probably be a buyer. At 25% - 50% of the value of cash assets, it would be especially difficult for me to resist. I think it's especially interesting that free cash flow from core operations -- for me, the best metric of profitability -- was exactly twice as much in Q3 as in the same period last year. For every dollar of sales, the company generated $0.15 in free cash flow, again almost twice as much as last year. In the first three quarters of this year, the company has generated 95% of the free cash flow it generated all of last year. That's because capital expenditures have come nearly to a halt (only $6 million in Q3, consistently down each quarter from $92 million in Q1 last year). If the company can keep operating at this level of revenue with such low capital expenses, it will probably continue to be cash-flow positive. --Mike Buckley