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If you are using an Oracle database then you can have approximately 1000 columns in one table. (ora-01792.ora-code.com)
However, if you are making such huge number of columns then you sure need to do a validation as to the need for these as this will have a very adverse impact on the performance of your siebel application as well.
Hope this helps,
Edited by: tanmay.jain on Oct 5, 2010 2:47 PM