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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (12499)7/2/2002 12:43:58 AM
From: Lizzie Tudor  Read Replies (1) of 57684
 
10:25AM Siebel Systems drops after BofA estimate cut (SEBL) 13.51 -0.71: Stock has been selling off since the opening bell after Banc of America in a pre-open note cut ests for SEBL (and other enterprise software co's) due to the worsened software demand climate; cuts 2002 rev/EPS ests to $1.782 bln/$0.40 from $2.008 bln/$0.52 and cuts 2003 to $1.920/$0.48 from $2.400 bln/$0.65 (both below consensus).

This is wierd because I thought most estimates for Siebel now were around 400mm-450mm/qtr. BofA must have been higher than everybody else.
L
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