Feeds

Siebel acts to reassure

Nothing to fear here...

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

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

Providing a secure and efficient Helpdesk

More from The Register

next story
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
Google opens Inbox – email for people too thick to handle email
Print this article out and give it to someone tech-y if you get stuck
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Entity Framework goes 'code first' as Microsoft pulls visual design tool
Visual Studio database diagramming's out the window
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.