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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	6/19/2001 11:35:18 AM
From: Teri Garner	of 37746

11:33 ET Siebel Systems (SEBL) 41.10 +2.81: -- Update -- Goldman Sachs analyst Rick Sherlund says that ORCL results do not provide much insight for Siebel; Oracle's database business was flat, not really a bullish indicator, and applications business declined 24%, suggesting that business is challenging. Sherlund thinks SEBL will meet his estimates for the Jun qtr, but it is more difficult than Q1 and the environment is increasingly challenging; continue to expect that estimates may need to come down for the software group for H2.

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