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

To: Clam Clam who wrote (1261)	3/13/1998 12:35:00 PM
From: Ed Schultz	Read Replies (1) \| Respond to of 6974

I found the following in InternetWeek, March 9, 1998. Thomas M. Siebel, Siebel's chairman and CEO, said that the "technologies are entirely complementary, our cultures are well aligned and our ability to reach and support customers on a global basis is tremendously enhanced." He added, ..., "This merger provides the critical mass that will allow us to seize this tremendous market opportunity." Eric Schmidt, chairman and CEO of Novell, ..., said in a statement, "The benefits are clear: comprehensive functionality; clear technology leadership; a totally integrated Enterprise Relationship Management solution; and an unrivaled global support and service infrastructure." Siebel's revenue for the year ended Dec 31 was $118.9 million, vs $39.1 million the year before. (That's close to 300%.) Scopus reported $66.1 million revenue for the nine months ended Dec 31, up from $41.6 million the year before. (That's over 50%.) Both companies have phenominal growth, great leaders which know what they are doing, the combination must clearly be a winner! I for one do not buy the argument that "there will be technical integration problems". I'll venture to guess that they have it all worked out by the end of the year and this combination will continue its stellar growth!