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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (20877)	7/18/2001 7:53:28 PM
From: Rashomon	of 30051

From the Siebel conference call, some of the news that may lead to a August plunge: >>>Aside from its financial results, Siebel delivered mostly sobering news Wednesday. Tom Siebel, the company's blunt CEO, spent much of a conference call warning analysts they should not expect a turnaround in the technology industry's fortunes until 2002 at the earliest. ``It's tough and it's going to get tougher. We have an exceptionally weak marketplace,'' Siebel said. ``In our opinion, the expectations for tech companies have been set too high.'' <<<

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