Siebel Systems (SEBL) - strong buy? Message Board

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

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To: spiral3 who wrote (5032)	6/14/2001 1:49:30 PM
From: Mike Buckley	Read Replies (3) of 6974

The BW article: With a commanding 70% share of the CRM software market ... That statement doesn't pass the laugh test. If Siebel had 70% of the market, the market was only $4 billion last year including services revenue. (IDC pegs it at $6.6 billion.) Using Aberdeen's projection in the very next paragraph that the CRM market will be $14 billion this year, maintaining a 70% market share implies that Siebel's revenue will grow from $1.8 billion last year to $10 billion this year. Ya gotta wonder what the author and the editor are getting paid to do when stuff like that gets published. --Mike Buckley

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