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

To: syborg who wrote (2742)	4/22/1999 12:03:00 PM
From: Trader Dave	Respond to of 6974

The turnover is a good sign. However there are rumors that there is a massive seller. DLJ has the seller on their desk, given that they traded 4 million shares yesterday (don't forget nasdaq double counts, so it's only 2 million shares of selling) that covers a slug of the massive sellers position. However, there are rumors it is fidelity dumping due to rotation and movement away from enterprise software. The last filing indicates 12.6 million SEBL shares. Once they are gone the volume is a good sign that the stock is building a base. It has certainly been a while since sebl has been priced this low relative to its growth rate and visibility. That may continue until the y2k nonsense goes away. Regarding the corepoint solution, "corepoint solution" is an oxymoron. this disaster of a division is a failure in the market. (They also don't have any sales related tools such as sfa, configuration, marketing encyclopaedias etc etc.) core point makes vantive look like a well oiled machine. TD