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Technology Stocks : Siebel Systems (SEBL) - strong buy?
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To: Uncle Frank who wrote (5435)10/20/2001 1:25:13 PM
From: Timetobuy  Read Replies (1) of 6974
 
Analysts speculate every day. Aren't the four analysts that cut forward estimates to 45 cents speculating even though the ceo said he's comfortable with the estimates that were out there before reporting earnings?

When the ceo guided for 14 cents last July for this quarter and came in with 7, the analysts must be speculating that he's too optimistic again.

To do as well as previous estimates, sebl would have to make over 14 cents per quarter. This is despite the fact that research has shown that IT budget increases will be very small for next year. I'd say that the ceo is too optimistic in his speculation and the analysts may or may not be too low. But that's just speculation on my part, because in reality no one really knows.
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