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

To: Melissa McAuliffe who wrote (1201)	3/10/1998 7:10:00 PM
From: Mr Logic	Read Replies (2) \| Respond to of 6974

Melissa I know I'm on difficult territory going short, especially in this market. But consider this scenario. You see a company Abacad at $30 and think that the collective investment community has made a mistake, they got it wrong. Otherwise the stock would be at $60. So, you buy stock ABCD at $30. It goes to $60 and you think that the reasons you felt the stock should rise are now fully reflected at $60. You spotted the undervaluing and now you feel it is fair value, worth probably 12% pa. You sell, and improve your quality of life, or just choose to invest somewhere else. So you sell, feel pleased with your 100% gain. Shorting I am doing almost exactly the same thing. I buy at $30, sell at $60 and there is my profit for using my judgement. We are both contrarian in our actions. Believe me I am doing this to make money; I am an unaffiliated private investor. My short is not best timed - at $53 1/2, but then maybe that's the same selling a little too early in the case above. >>If you were going to short SEBL, the time to short was when it was at 63. At least then you could have made some money in the last week<< Come on, that's a bit unfair. Any committed long could also have sold SEBL at 63, an bought back here. At least then THEY could have made some money in the last week. I haven't made up the reasons I am short. No communication I make here could ever have an impact on the price. But if ever I hear one good reason I should be long that I haven't thought of, I will reconsider immediately. I'm here to benefit from these boards. When I make decisions I like to see a lot of views. I'm entitled to mine and respect yours. >>If I remember correctly, you had the numbers wrong on PSFT too<< You are smarter than that. No malicious intent, I was a little out by mistake. And SEBL numbers are a matter of interpretation, averaging close to nothing. Let's continue to disagree in a civil fashion and maybe we both benefit. >>This IS about making money isn't it?? << Yes, but let's enjoy ourselves doing it and above all, let's not forget why we are doing it.

To: Melissa McAuliffe who wrote (1201)	3/10/1998 8:53:00 PM
From: Lee L.	Read Replies (2) \| Respond to of 6974

A couple points related to the Siebel/Scopus merger... - A joint letter from Tom and Ori went out to all Siebel customers assuring them that the two product lines would be merged into one seamless product line. There will be only one datamodel and only one technical architecture. Seamless upgrade paths would be available to all SCOP and SEBL customers. I'm sure this was stated in some of the press releases. The META group estimates that it will take Siebel three years to complete the product consolidations. I don't think it will take that long, but that's what 'the experts' say.