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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (187418)	8/13/2002 11:47:53 AM
From: LLCF	Read Replies (1) of 436258

Long a favorite: SEBL--Siebel Systems' Swap Sales Jump to 18% of 2nd-Quarter Software Revenue By Marcelo Prince Dow Jones Newswires NEW YORK -- Siebel Systems (NasdaqNM:SEBL - News) Inc.'s revenue from so-called swap deals with its suppliers nearly tripled in the June-ended quarter, even as the company shocked investors with a 41% drop in total software sales. ADVERTISEMENT The San Mateo, Calif., company collected $30.7 million of software-license revenue from suppliers with which the company also purchased products "at or about the same time," documents filed Friday with the Securities & Exchange Commission show. That represents 18% of Siebel's $170.1 million second-quarter license revenue -- the highest percentage since the company began disclosing this information. In the year-earlier period, swaps were $12.2 million, or 4%, of Siebel's $286.8 million in license revenue. DAK

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