Feeds

Siebel acts to reassure

Nothing to fear here...

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Troubled CRM vendor Siebel spoke to analysts last week and outlined strategy changes to help turn the company around.

Recently appointed CEO George Shaheen said the company had work to do but the market was moving in its favour as the focus moves from back office to front office processes.

Siebel said it would cut some jobs from the 5,000 staff it employs.

Shaheen also said that apart from being a takeover target, Siebel talked to Oracle about a possible sale, Siebel is also interested in buying other companies. Analysts say the most likely target would be a business intellligence provider.

Siebel also announced new products which will be sold alongside Siebel 7. It is a component based system so businesses will pick and choose which business processes they need. The software will run on several platforms and one analyst suggested it brought Siebel more into line with arch rival salesforce.com. More details here.

In a recent K-8 filing with the SEC, Siebel said it was considering several opportunities but said there is no current consideration of a takeover. The company has more than $2bn in the bank despite its recent problems.

There has been heavy trading in Siebel shares on rumours of takeover or management buyout. ®

Related stories

Oracle talked takeover to Siebel
Siebel ditches boss
Oh Woe is Siebel

Remote control for virtualized desktops

More from The Register

next story
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.