T27. And a potential buyer would have to pay some kind of premium. So that's a pretty large sum for a potential acquirer to fork out.
On May 28, the San Jose Mercury News reported tensions between the company and its large investors regarding an employee benefit plan. Siebel increased employee benefits, and some have interpreted this as a tactical move to make Siebel more expensive (and therefore less attractive) to a potential acquirer, rather than simply a move to benefit the employees.
Then on May 30, eWeek reported that Siebel would continue with its technology development roadmap, despite some recent management changes. The company still plans to release Siebel 8.0 in 2006, an upgrade from the current (outdated) Siebel 7.0 series products. In April, Michael Lawrie, Siebel's former CEO, was booted from the firm. In May, Eileen McPartland, the company's former SVP of global services, resigned.