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Siebel in $500m share buy-back
CRM giant hovers just above 52-week low...

By Mark Graham

Published: Monday 17 September 2001

Siebel Systems has revealed plans to buy back up to $500m of common stock.

The world's largest seller of CRM software said in a statement the repurchases will be made in open market and negotiated transactions.

Before Wall Street closed as a result of last Tuesday's attack on the World Trade Center and the Pentagon, Siebel shares were selling for $19.58 - well short of the 52-week high of $119.88 and only slightly above the low of $18.61.

The US markets are due to re-open again today at 14:00 (BST).