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

To: seth thomas who wrote (1171)	3/3/1998 10:39:00 AM
From: Steve Reed	Respond to of 6974

On CNBC, the host had to repeat a few questions because Tom's answers weren't exactly related to the questions. When asked to name "new" customers, Tom offered Schwab and Compaq. The host said these are old customers. Tom repeated Nationwide Insurance, added Siemens, and looked at loss for any more new names. The host didn't seem to realize that these were not new either. Also, Tom indicated the combined company has a 55% market share. For the past few months Tom has been saying 70%, referring to the whole customer information systems market, including sales and service applications. However, from a Reuters release yesterday: "With the purchase of Scopus, Siebel would boost its market share to 19 percent from about 11 percent now, said Ben Rose, analyst at investment bank Adams, Harkness & Hill." All these #'s seem high, considering the large number of competitors with significant revenue. Maybe people feel Tom doesn't have a grasp of the real market. Could someone please quickly provide some enlightenment on the story behind Siebel's CFO? Thanks.