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

To: Lizzie Tudor who wrote (2154)	10/14/1998 3:53:00 PM
From: Melissa McAuliffe	Read Replies (2) \| Respond to of 6974

I'm confused. What stuff are you wanting to refrain from?

To: Lizzie Tudor who wrote (2154)	10/14/1998 11:39:00 PM
From: Mike Buckley	Respond to of 6974

Michelle, >>. I honestly dont know what could possibly happen to Sebls numbers this year that would cause the stock to rise 40%. << If you are referring to the rest of 1998, I agree. If you're referring to the next twelve months, I disagree. If Siebel's numbers continue to fall in line with their trend, I think the market has a good shot at assigning the same premium on the stock it has in the recent past. If that happens, the stock will go up at least 40%. (Not knowing the exact timing of your message, I'm ignoring that the stock went up 24% today.) For the record, I generally subscribe to traditional valuations. If the market does assign previous premiums to the stock, I'm not convinced it's warranted. On the other hand, I bought the stock at such lofty levels after being influenced by "The Gorilla Game," which asserts that all gorillas were undervalued by traditional means before they became gorillas. --Mike Buckley