Siebel Systems (SEBL) - strong buy? Message Board

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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: Ibexx who wrote (5530)	1/4/2002 11:39:37 AM
From: Ibexx	of 6974

Friday January 4 11:07 AM ET Siebel Rises on BoA's Bullish Outlook NEW YORK (Reuters) - Shares of Siebel Systems Inc. (Nasdaq:SEBL - news) on Friday were up 5 percent, fueled by a bullish note by Banc of America Securities analyst Bob Austrian and a general optimistic view by investors that the long technology slide may be over. Shares of Siebel were up $1.71 and traded at $33.26, and were among the top net gainers in early morning activity on the Nasdaq Stock Market. Since the start of the year, shares have risen more than 15 percent. Austrian said he believed Siebel's upcoming quarterly earnings would be in line with or may beat his recently raised estimates of revenue of $430 million and earnings before charges of 10 cents a share. Wall Street's consensus estimate is 9 cents a share, according to Thomson Financial/First Call. ``We expect management's tone to be positive on Siebel's fourth quarter earnings call in mid January,'' he wrote in a research note. ``For the first time in a while, fourth quarter results may bring upward revisions to guidance/estimates.'' Siebel is the dominant maker of software systems which help companies manage and sell most efficiently to their customers. ``Given the ongoing allocation of capital into tech, we're refocusing attention on our favorite large and small cap names,'' he wrote. Ibexx

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