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

To: Trader Dave who wrote (2759)	4/26/1999 3:32:00 PM
From: eRM Solutions	Read Replies (1) \| Respond to of 6974

I guess the conference went well. The daily volume on Siebel has increased significantly since the 6 million share day. We have been averaging over 2 million for the past week or so. There are some very large deals in the contract stage and should be announced soon. I predict we will run to the 50's and then split. JMO, John

To: Trader Dave who wrote (2759)	4/26/1999 4:52:00 PM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 6974

let's get ready to rum-bullll!!! TD. thought you might appreciate this banter via thestreet.com. -chris. ----- Siebel Takes Shots at Oracle at H&Q Conference By David Shabelman Staff Reporter 4/26/99 2:42 PM ET SAN FRANCISCO -- The front office has taken center stage at the Hambrecht & Quist Annual Technology Conference, as applications software maker Siebel Systems (SEBL:Nasdaq) and database giant Oracle (ORCL:Nasdaq) face off. In a presentation littered with potshots at Oracle, and specifically at Oracle's struggling applications business, Tom Siebel, CEO of Siebel Systems, predicted that "sometime in 1999, we will be the second-largest applications software vendor, in terms of license revenue, behind SAP (SAP:NYSE ADR)." He added that the dethroning of Oracle in the No. 2 spot "was at this point, a matter of quarters." With the market for back-office enterprise software contracting, Oracle and German software giant SAP have been racing to move into the front-office space, which has so far been unaffected by year 2000 fears and has continued to grow. He also told investors that Oracle would probably "make a lot of noise in the second half of this year" about new front-office software, but warned investors that "Oracle's been announcing these products since 1994." Building reliable, Web-enabled front-office suites of products takes years to build, so any latecomers will have a difficult time matching Siebel. An Oracle executive vice president, Gary Bloom, took most of what Siebel said in stride in his presentation, which immediately followed. He emphasized Oracle's strategy to be the primary provider of Internet-enabled solutions, pointedly noting for investors that "Siebel is a great example of a company saying it's Internet-enabled but still talks about shrink-wrapping CDs" to send to customers to install. So what did buy-siders think of the main event? One buy-side analyst who sat through both presentations laughed it off, saying that she actually liked both companies. She said she was more interested in Siebel's sideshow, "his shameless touting of his own book at the end." Siebel recently published a book called Cyber Rules, whose proceeds, he swears, go to his company. Siebel was up 3 13/16, or 10%, at 42 1/8. Oracle was up 1 19/32, or 6%, at 28 15/16. -- Medora Lee