Siebel's claim is that some software companies - Siebel's competitors - are misallocating revenues between different segments, which in turn gives a false representation of their trading status. Oracle, Siebel and the SEC*
As of Wednesday morning, CEOs and CFOs of most tech companies, including Oracle and Siebel Systems, had met their August deadline, according to the SEC. The company said it plans to further review these deals among others at its internet division...
Siebel, which sells only CRM applications and services, reported $700.3m in software revenue for 2002, down from $1.07bn the year before. SAP reported 5 per cent growth in CRM software revenue, while Siebel said license revenue fell 37 per cent in...
Wednesday's deals may also soothe concerns among potential investors about Salesforce's ability to take on growing competition, especially from rival Siebel Systems. Both ADP and SunTrust Banks also use customer relationship management systems from...
Brent Thill, a Prudential Equity Group analyst, said in a research note: "Our concerns for the transaction lie chiefly with the deteriorating fundamentals at Siebel", citing "declining licence revenue and maintenance growing below the industry...
Oracle plans to team up Hyperion's EPM software with its own Business Intelligence tools and analytic applications, creating an expanded performance management system that includes planning, budgeting, consolidation, operational analytics and...