Siebel Systems (SEBL) - strong buy? Message Board

To: hueyone who wrote (6833)	7/15/2003 6:26:57 PM
From: Lizzie Tudor	Read Replies (1) of 6974

this piece says sebl doing well with deployments 3:01PM Siebel Systems to cut workforce - ThinkEquity (SEBL) 10.03 -0.22: ThinkEquity says they have learned that SEBL is planning to cut about 21% of its workforce as part of its reorganization effort announced on its July 3 conference call; firm believes this is positive, as the co is taking a big bullet now by re-tuning its bloated operating cost structure to support a more likely revenue run rate that will result in a fiscally-sound operating margin; in addition, firm emphasizes that the overall activity around SEBL deployments is very healthy. In Gartners latest newsletter they were predicting the orcl/psft merger will go through. I was thinking it was unlikely but they said Larry had almost 20% of psft shares committed (if I recall)- that was more than I thought he had. He has met with the largest psft shareholders and Larry has a case in that the industry needs consolidation. Also some software has come to life recently- BEAS, for one. ARTG and some other little guys.