Speaking at an analyst meeting in New York yesterday, Shaheen reportedly said: We’re going to pursue some strategic acquisitions. We’re going to position this company for growth.
Shaheen, however, did not offer specific details of which companies might be in Siebel’s crosshairs, saying only. We will invest in products and services our customers want and need, make strategic acquisitions.
Shaheen’s comments could be a clever ploy to divert attention from strong rumors circulating last week that the struggling CRM software giant had been engaged in serious talks with Oracle Corp about a possible merger. Siebel later issued a statement denying it was interested in such a move.
But fresh takeover rumors resurfaced earlier this week, this time linking Siebel to billionaire financier Carl Icahn. Siebel’s share price has yo-yo’d accordingly with the speculation. The stock was down 3.4% at $9.21 at the close of the regular Nasdaq session yesterday.
