[0] Siebel Systems Establishes 'Siebel Scholars' Program; Awards to Top Business and Computer Science Schools' Top Students.Business Editors/High-Tech Writers SAN MATEO, Calif.--(BUSINESS WIRE)--April 4, 2000 Siebel Systems, Inc. (Nasdaq:SEBL SEBL Siebel Systems, Inc. (stock abbreviation, AMEX) ), the world's leading supplier of eBusiness Application software, today established the Siebel Scholars Program at the world's most prestigious business and computer science schools. Based on academic merit and leadership qualities, five students from each institution will be honored as Siebel Scholars every year and receive $25,000 to help defray de·fray tr.v. de·frayed, de·fray·ing, de·frays To undertake the payment of (costs or expenses); pay. [French défrayer, from Old French desfrayer : des-, tuition costs and fees for the second year of their graduate studies. Deans from the eleven institutions will select the first 55 Siebel Scholars before the end of this academic year. In addition, an alumni association of all Siebel Scholars will convene at a conference to be hosted annually by one of the participating schools. "This wonderful gift perfectly exemplifies the commitment of Siebel Systems to excellence. There exists a serious nationwide shortage of computer science graduates who will be needed to sustain this new industrial revolution, and the University of Illinois University of Illinois may refer to:
The Morrill Act of 1862 granted each state in the United States a portion of land on which to establish a major public state university, one which could teach agriculture, mechanic arts, and military training, "without excluding other scientific "The graduate programs at these universities have made great contributions to industry and society, both here in Silicon Valley and worldwide," said Thomas M. Siebel, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Siebel Systems. "Siebel Systems wishes to support those efforts on a personal level, and the Siebel Scholars Program is our way of helping develop the talent." The Siebel Scholars Program has been established at the following leading educational institutions: Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). , School of Computer Science Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, , School of Engineering Stanford University, School of Engineering University of California at Berkeley (body, education) University of California at Berkeley - (UCB) See also Berzerkley, BSD. http://berkeley.edu/. Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. , College of Engineering University of Illinois at Urbana-Champaign, College of Engineering Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. Massachusetts Institute of Technology, MIT/Sloan School of Management Northwestern University, J.L. Kellogg School of Management
http://upenn.edu/. Address: Philadelphia, PA, USA. , The Wharton School Each institution is receiving a $2.6 million endowment, which will be invested, so the proceeds fund the program at each university in perpetuity. In 1999, Siebel Systems initiated an educational program that was highlighted by a donation of $32 million by Thomas M. Siebel, chairman and CEO of Siebel Systems, to the University of Illinois to fund the construction of the Siebel Center for Computer Science; by a donation of $3 million to Stanford University to sponsor the "Thomas M. Siebel Professorship in Business Leadership;" and by a donation of $3 million by Siebel Systems to the Children's Scholarship Fund The Children's Scholarship Fund is an American privately-funded program that, at any given time, provides private school tuition assistance to about 23,000 students. The Fund was founded in 1998 by Theodore J. Forstmann and John T. Walton. , a charitable organization that provides low-income children with a choice of private educational opportunities. About Siebel Systems Siebel Systems, Inc. (Nasdaq:SEBL) is the world's leading provider of eBusiness applications software. Siebel Systems provides an integrated family of eBusiness application software enabling multi-channel sales, marketing and customer service systems to be deployed over the Web, call centers, field, reseller channels, retail and dealer networks. Siebel Systems' sales and service facilities are deployed locally in more than 28 countries. For more information, please visit our Web site at www.Siebel.com. Except for the historical information contained herein, this press release contains forward-looking statements that involve risk or uncertainties. The success of the acquisition and future operating results of Siebel Systems may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with acquisition, such as the potential difficulties in the assimilation of operations, strategies, technologies, methodologies and products of the acquired company, the risk of loss of key personnel of the acquired company, diversion of management attention from other business concerns, business risks including the risk of variations in quarterly operating results, significant current and expected additional competition and the need to continue to expand product distribution and services offerings. Further information on potential factors that could affect the financial results of Siebel Systems are included in Siebel Systems' Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1998 and its other filings with the Securities and Exchange Commission. Note to Editors: Siebel is a trademark of Siebel Systems, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only. |
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