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

To: Mike Buckley who wrote (6688)	5/16/2003 12:14:22 AM
From: puborectalis	Respond to of 6974

Morgan Stanley's Charles Phillips Joins Oracle Corporation Thursday May 15, 11:59 pm ET REDWOOD SHORES, Calif., May 15 /PRNewswire-FirstCall/ -- ( oracle.com ) Oracle Corporation (Nasdaq: ORCL - News), the world's largest enterprise software company, announced today that noted software industry analyst Charles Phillips will leave Morgan Stanley to join Oracle Corporation as Executive Vice President in the office of the CEO. (Logo: newscom.com ) Reporting directly to Larry Ellison, Oracle Chairman and CEO, Phillips will be on Oracle's Executive Management Committee and will focus on customer facing activities, partners, as well as corporate strategy and business development. "Chuck's market perspective and strong relationships with CEOs, CFOs and CIOs across industries will be of enormous benefit to Oracle and our customers," said Ellison. "We are constantly looking to increase our customer focus and enhance customer interaction throughout our business, and Chuck is uniquely qualified to drive improvements in these areas." "This is an exciting opportunity for me to work with one of the largest, most well-positioned software companies in the world, with a wealth of assets including a strong, global brand name and a marquee customer base," said Phillips. "Oracle has the vision and breadth of products and services to drive fundamental improvements in the way companies use information technology. I look forward to joining the strong team at Oracle." Phillips joined Morgan Stanley in December 1994 in its Institutional Securities Division. He has been analyzing the enterprise software industry since 1986 and has been ranked the number one enterprise software industry analyst by Institutional Investor magazine each year since 1994. Phillips holds a B.S. degree in computer science from the United States Air Force Academy, an M.B.A. in finance from Hampton University in Virginia and a J.D. from New York Law School. He is a member of the Georgia State Bar and the Washington D.C. Bar and a chartered financial analyst (CFA). Phillips has been recognized as one of the top 50 black professionals on Wall Street by Black Enterprise Magazine. He is also on the board of trustees of New York Law School and the Joint Center for Political and Economic Studies in Washington D.C.

To: Mike Buckley who wrote (6688)	5/18/2003 7:32:51 PM
From: muckraker71	Read Replies (1) \| Respond to of 6974

I'm bothered by the fact that they proposed the Web-only meeting in the first place. In fact, a Web-only meeting gives mgmt exactly the opportunity you described - to limit questions. I know Tom's name is on the door (as he is fond of saying), and I know he still owns 10% of the company, but he's running it like a private company, not a publicly-traded one. I am genuinely concerned about arrogance at Siebel. It has manifested itself in the investing arena, internally (employees), and with customers. In an era of encroaching competition (especially from the ERP vendors), I can't see how this is helpful.