Recommend this Post Ignore this User | Report Abuse These guys are cooks!!! by: gerald_finneran 11/25/02 06:39 pm Msg: 174121 of 175826
The latest company to pull and "Enron" around business ethics and the rights of the small investor. This POS company deserves the inevitable death spiral it's headed into. They've screwed us for the last time!!
"In the case against Siebel, the SEC said the company's chief executive officer on Nov. 5, 2001, disclosed material, nonpublic information to attendees of an invitation-only technology conference hosted by Goldman Sachs in California.
The CEO allegedly disclosed that the company was optimistic because its business was returning to normal, which contrasted with negative statements made three weeks earlier about a tough market for business information.
Siebel Systems shares gained more than $2 -- or about 12 percent -- to close at $20.81. The stock gained another 27 percent in a rally that topped out at $26.41 on Nov. 14."