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

To: prakash who wrote (1281)	3/16/1998 4:26:00 PM
From: La Diva	Respond to of 6974

How long can this go on? How can the market value of Siebel with a market share of 6% be 1,850,000,000 on a market that is not bigger than 500,000,000 per year. And I bet now when Scopus and Siebel is merging that they will get 200% customer satisfaction. La Diva

To: prakash who wrote (1281)	3/16/1998 4:28:00 PM
From: Melissa McAuliffe	Respond to of 6974

I am still confused but maybe we shouldn't belabor the point. I am going to call and find out this answer. You are saying I can sell on the ex-date. I never disagreed with that. I am saying I can sell (if I choose) on the payable date. That is the area of disagreement here. All I want to know now is.....does this stock split on Friday? I don't care about ex-dates and payable dates at this point. I believe it does split on Friday so unless I hear differently that's the date I'm going with. If I want to do something with my options and/or stock I'll just have to take it up with my broker. Though I must say that this thread was somewhat quiet today so maybe this was a good day to discuss this. While I'm here I just wanted to add that I thought that the discussion on this thread in the latter part of the week was excellent in that numerous individuals came forth with different perspectives and opinions. I always think that the more people who are involved in a discussion the better it is. So from my own personal perspective I just wanted to thank those people who joined in....whether you agreed with me or not<g>. Melissa .

To: prakash who wrote (1281)	3/16/1998 4:50:00 PM
From: Melissa McAuliffe	Read Replies (2) \| Respond to of 6974

Ok..here's the answer. I spoke with Fidelity since their Spartan brokers appear to be much more knowledgeable than those at DLJ. The payable date is the key. The ex-date is really insignificant for purposes of a split and is simply something the SEC requires and it is not necessarily the day after the split.. It is used primarily in the case of dividends. The stock splits at the close on the payable date. So in this case it will open on Monday morning at the split adjusted price. Regardless of WHAT the ex-date is, anyone can sell their shares or options as of the day the stock splits, Monday in this case. Though if you traded online you would have to call your broker since the new shares or options will not be reflected in your account. Actually this answered my original question this morning which simply had to do with when the stock starts trading at the split adjusted price. I'm glad I asked because I was wrong in thinking it was Friday. Melissa