Siebel wants questions in advance before financial analyst meeting

Siebel has told industry analysts that it wants them to submit questions in advance before the company's scheduled conference call about its latest set of bad results.

The company informed analysts in an email that questions should be sent to the company's investor relations department before its second-quarter conference call with analysts on 22nd July. It said the move is meant to ensure that all company information is "distributed in an open, publicly available manner."

Siebel told analysts that the request for e-mailed questions follows its decision in May to bar one-on-one executive meetings with analysts and investors. That move came after an executive dinner with analysts which the US Securities and Exchange Commission is examining to ascertain whether the company violated a key disclosure regulation at that dinner. Siebel shares rose 8 per cent on unusually high volume the next day.

Siebel last week warned that its second quarter earnings would miss expectations and that up to a thousand jobs would go in a major restructuring.


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