Siebel: Microsoft's not a suitor
C|Net | at | by Mike
Siebel Systems Chief Executive Tom Siebel denied rumors Thursday that Microsoft is set to either acquire or make an investment in the business applications company. During a third-quarter earnings call, Siebel addressed recent analyst reports that suggested Microsoft would soon make a minority investment in Siebel in conjunction with an expanded marketing and development partnership. The CEO confirmed that the company plans to make an announcement next week about its relationship with the software giant, but added that "it is not Microsoft buying Siebel or Microsoft making an equity investment in Siebel."