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

To: Lizzie Tudor who wrote (6696)	5/18/2003 11:41:55 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 6974

Lizzie, The issue regarding the Sales Veep is that the terrible U. S. sales was blamed on him. Since his replacement was hired, sales got even worse. Yet for the time being, that's being blamed on geopoliticial concerns, the economy, blah blah blah. It just isn't productive going down these philosophical paths imo I don't disagree with you. However, I do disagree that that is the reason Siebel avoids them. The sales figures and stock price also prove that it isn't productive to repeatedly go down the paths of customer-satisfaction estimates, market-dominance estimates, etc., etc. Yet Siebel always provides it because doing so puts the company in favorable light. Consider this: Tom Siebel told us why the decision to create Sales.com was so great. Then he told us why the decision to spin it off was so great. Then he told us why the decision to buy it back was so great. Then he told us why the decision to shut it down was so great. His arrogance is that he thinks we're too stupid to realize that they can't all be great decisions or that we're too stupid to understand that the executive management team will make mistakes from time to time. Something tells me that if this outsourcing H1-B issue came up in every every external meeting whether SEBL was portrayed as a villain or not, they would try to cut it off. I don't know what H1-B is. However, please explain one issue brought up in the last five years that puts Siebel in a favorable position that management has tried to cut off. Just one. if people have issues with the way companies are run why not just move on? If I took that attitude, I'd never be able to invest in equities. I've never seen a company whose management team has my values. That doesn't mean my values are right or that anyone's values are wrong. But if I'm supposed to invest only in management teams with my values, I've never seen one. (That doesn't mean they don't exist. Probably the closest is Buffett's team.) --Mike Buckley