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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (1876)	4/21/1998 3:56:00 PM
From: Konehead	Read Replies (2) \| Respond to of 3033

TD, I don't believe Siebel is playing a game by blowing out the numbers. If Siebel is gaming it, they're probably holding back. And my guess is that they're holding back a heck of a lot more than Vantive is. I think a lot of folks in this thread have an emotional attachment to Vantive (not that there is anything wrong with that). As for me, I'd rather maximize my capital than compete in a religious war. The most logical investment strategy in this space is to buy Siebel and Vantive on dips. Both of these companies are going to continue to be winners, and in the meantime there is lots of volatility. I bought more Vantive last April at $16. Right now I think Siebel's a better value because it's growing faster and trading at an equivalent P/E. We might see some margin contraction in Siebel but not like we did in VNTV in 1997. I think Siebel saw VNTV get way ahead of itself in the fall of 1996 and is being careful not to repeat VNTV's mistake. As for Tom Siebel's comments in the analyst call-- they do seem unprofessional. If he does a lot more of that stuff, I'll reconsider my position in Siebel.