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

To: muckraker71 who wrote (6650)	4/11/2003 8:40:34 PM
From: hueyone	Respond to of 6974

I should have said they are cash flow positive. My real point was that their actual cash balance is increasing Depends on what measures of cash you are looking at. Cash flow from operations declined from fiscal 2001 to 2002 and net change in cash for the 2002 fiscal year was negative 131.6 million. Hence cash and cash equivalents declined from 799.1 million to 667.5 million from 2001 to 2002. So we have total revenues, GAAP earnings, cash flow from operations, net change in cash, and cash and cash equivalents all headed a bad direction, and this is even ignoring stock option expense, which I don't believe we should do. It is my strongly held opinion that the fundamentals of this company have been heading south right along with the rest of the software companies. But this doesn't mean I think we will see Siebel go out of business anytime soon; it just means that it is my guess that there will be a chance to buy SEBL few points lower. yahoo.multexinvestor.com JMO, Huey