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

To: Lizzie Tudor who wrote (1549)	5/16/1998 2:24:00 PM
From: Lee L.	Read Replies (1) \| Respond to of 6974

Don't credit me for 'technical bakeoff' -- that's Farber's term, not mine!

To: Lizzie Tudor who wrote (1549)	5/18/1998 12:53:00 PM
From: Lizzie Tudor	Respond to of 6974

I must admit I'm a little worried about the missing revenue recognition policies and the changes in the way sebl announces new seats every quarter (can't find that now, but somebody said it). Siebel reminds me so much of Oracle in 1991 I think there may be that chance they could have a meltdown. Oracle used to use their own (exaggerated) growth rates as a way to intimidate the competition. It seems like sebl does that too - not saying they exaggerate, but they sure are agressive in pulishing seat licenses. Also Orcl used to market everything and some of the products were not ready for primetime. Everything was ok until orcl had that bad quarter, causing them to open the books. Then there was a whole series of "gee, I can't believe that salesrep bought that customer a ferrari and charged it to the apps engineering pizza fund" statements from the executives. I hate to hold Sebl guilty by association with Oracle, but if they are using those non-existant revenue recognition policies then I don't want to be in the stock. Otoh if they publish their policies clearly then they're ok - right now I can't find them though. Michelle PS Hi Tom!!!! :-)