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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (10024)	12/13/2001 6:15:05 PM
From: stockman_scott	Read Replies (1) of 57684

RESEARCH ALERT-UBS raises Siebel price target to $32 Thursday December 13 NEW YORK, Dec 13 (Reuters) - Brokerage firm UBS Warburg said on Thursday it raised its 12-month price target for customer software vendor Siebel Systems Inc. (NasdaqNM:SEBL - news) to $32 from $26. ``Siebel is the dominant player in the CRM market and we believe the company's new product release will help expand Siebel's market share,'' UBS Warburg said in a research note to clients, referring to Siebel's customer relationship management software which helps businesses manage their relationship with customers. When the economic upturn occurs, the CRM market will grow in the 20 percent to 25 percent range for the next couple of years, the brokerage firm said. ``We believe Seibel has one of the best sales forces in the software sector, which should help them manage through the current economic environment as well as accelerate top-line growth when IT spending turns around.'' In active early trade, the stock was up 80 cents to $25.94 a share.

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