Tom Siebel Tries Caution for a Change .lol. "There clearly is price pressure across the board," CEO Tom Siebel said on the conference call. "People are still very, very cost conscious. Everybody is slashing costs, slashing costs, slashing costs."
But Siebel declined to answer a question about the economy and how the software business looks this quarter. "The last time I answered that question, I had to pay a $200,000 fine," he quipped, referring to a past Regulation FD fine he was charged. "That was with 300 people and Reuters and the [San Jose, Calif.] Mercury News in the room."