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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (12767)	7/17/2002 5:33:27 PM
From: Lizzie Tudor	Read Replies (1) of 57684

San Mateo, California-based Siebel, the world's No. 1 seller of sales and customer service software, said its net income was $29.8 million, or 6 a share, compared with net income of $76.6 million, or 15 cents, the year earlier. Revenue fell to $405.6 million from $560.2 million last year. Analysts, on average, had expected Siebel to post a 9-cent per-share profit on total sales of $437.1 million, according to Wall Street tracking firm Thomson First Call. This is going to be tough to call for Siebel. Going into this quarter were Sell ratings and Pacific Crest with revenue estimates at $368mm for the quarter, with almost no licenses. The first call estimates were higher but the analysts that really follow sebl were terribly bearish. Sebl did 170mm in licenses which is not too bad given what other software is doing now (nothing) for licenses. They even signed some new customers. It looks like q/q professional services were down almost as much as licenses. The other enterprise customers are holding steady with maintenance to make up for no licenses. This just makes those Oracle numbers look all the better. I'll bet Larry is gonna party it up tonight he finally got Tom. L

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