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

To: hueyone who wrote (6773)	6/11/2003 5:48:41 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 6974

hueyone, I believe I properly matched the grants each year to shares at the beginning of the year that had been adjusted for splits that occurred after the beginning of the year in that same year. I wasn't questioning that. Just noting that the outstanding share counts in the left column almost had to be 'as reported', rather than adjusted to be in terms of present post-multiple-split shares. The option grant percentages that you calculate ARE unbelievable, even though they are presumably correct. Regards, Don