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

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To: Mike Buckley who wrote (3270)2/3/2000 1:03:00 PM
From: SecularBull  Read Replies (2) of 6974
 
DALLAS and SAN MATEO, Calif., Feb 3, 2000 /PRNewswire via COMTEX/ --
i2 Technologies, Inc. (Nasdaq: ITWO), the leading provider of
intelligent eBusiness solutions, and Siebel Systems, Inc. (Nasdaq:
SEBL), the world's leading supplier of eBusiness applications software,
announced today an agreement to provide an unmatched end-to-end
solution that is intended to enable companies to gain a powerful
complementary suite of customer management and fulfillment solutions.

Through this strategic alliance, joint Siebel Systems and i2 customers
should benefit from having Siebel Systems' customer-centric eBusiness
applications seamlessly linked to i2's personalization, order
fulfillment and supply chain optimization solutions. i2 also intends to
integrate its suite of Service Assets Management Solutions with Siebel
Field Service products to offer a complete field service solution to
the industry.

The integrated offering is designed to provide companies with the
ability to dynamically support all customer touch-points by gathering
customer information and tailoring the interactions in all related
applications. Customer information that is captured in Siebel eBusiness
Applications in the field, in call centers, through resellers, or over
the Web can be used to drive i2's intelligent personalization and
fulfillment solutions. The integration of i2's Internet Fulfillment
Server with Siebel eBusiness Applications should provide the
capabilities to help businesses with consistent and reliable order
fulfillment over the Internet. Integration of the two companies'
products and services is scheduled for completion in the second quarter
of this year.

"Our partnership with Siebel Systems brings together two of the best
software solutions to deliver the ultimate experience for a customer,
combining both personalization and customer-centricity with reliable
order fulfillment commitments," said Greg Brady, president of i2. "i2
and Siebel Systems are fully committed to this alliance for the benefit
of our joint customers. This will increase our appeal to a wider set of
customers and partners such as IBM."

"i2 provides its customers with state-of-the-art intelligent eBusiness
and supply chain capabilities," said Paul Wahl, president and COO of
Siebel Systems. "With i2 as a strategic partner, we can provide a
powerful solution that leverages customer information gathered across
multiple distribution channels and combine it with i2's personalization
and fulfillment engines to improve customer satisfaction."

"IBM is very pleased to see this degree of collaboration between i2 and
Siebel Systems since they are premier solution providers and partners
of IBM," said Greg Corgan, IBM General Manager, Multi-Industry
Solutions. "Our customers will benefit from the expertise of these two
companies and the delivery of this end-to-end eBusiness solution."

i2 and Siebel Systems have entered into joint strategic alliance
agreements and will initiate joint sales and marketing programs
effective immediately.

About Siebel Systems Siebel Systems, Inc. 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 26 countries. For more information,
please visit our Web site at www.Siebel.com.

About i2 i2 is the leading global provider of intelligent eBusiness
solutions. Founded in 1988, i2's vision is to add $50 billion of value
for its customers by the year 2005. i2 is headquartered in Dallas, TX,
has approximately 2,800 employees and maintains offices worldwide. For
additional information, visit i2 on the Web at www.i2.com, or attend
PLANET2000, Vienna from May 10 - 12, 2000, or PLANET2000, San Diego,
Oct. 8 - 11, 2000. For more information, visit www.PLANET.i2.com or
call 1-877-4PLANET.

TradeMatrix(TM) is a dynamic offering of solutions, services and
marketplaces. TradeMatrix includes the broadest spectrum of solutions
and hosted services available, enabling customers, partners, suppliers,
and service providers to conduct business in real-time, and to make
more profitable decisions. TradeMatrix also provides an Internet
marketplace powered by i2's advanced optimization and execution
capabilities for improved decision-making.
Media Contacts
Tamara Ireland Stone Sue LaDow
Director of Public Relations i2 Technologies
(650) 295-5455 (469) 357-3027
tstone@siebel.com susan_ladow@i2.com

Cautionary Language This press release may contain forward-looking
statements that involve risks and uncertainties, including statements
regarding the expected delivery and benefits of use of i2's products.
Among the important factors which could cause actual results to differ
materially from those in the forward-looking statements are
competition, market demand, technological change, strategic
relationships, recent acquisitions, international operations and
general economic conditions. For additional discussion of factors,
which could impact i2's financial results, please refer to the
Company's recent filings with the SEC, particularly the Form 8-K filed
November 30, 1999 and Form 10-Q filed November 15, 1999.

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. Except for the historical information
contained herein, this press release contains forward-looking
statements that involve risks and uncertainties. The success of the
agreements and products described above and the future operating
results of Siebel Systems, Inc. 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 the eBusiness
applications market, dependence on the Internet, risks associated with
new versions and new products and risks associated with rapid
technological change. Further information on potential factors that
could affect the financial results of Siebel Systems, Inc. are included
in Siebel Systems, Inc.'s Report on Form 10-Q for the fiscal quarter
ended March 31, 1999 and its other filings with the Securities and
Exchange Commission.

SOURCE i2 Technologies, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Tamara Ireland Stone, Director of Public Relations of Siebel
Systems, Inc., 650-295-5455, or email, tstone@siebel.com; or
Sue LaDow of i2
Technologies, Inc., 469-357-3027, or email, susan_ladow@i2.com

WEB PAGE: siebel.com

GEOGRAPHY: Texas
California

INDUSTRY CODE: CPR
MLM

SUBJECT CODE: JVN
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