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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: lurqer who wrote (58687)	7/15/2003 3:26:42 PM
From: Sully-	Read Replies (1) of 65232

15:01 ET Siebel Systems to cut workforce - ThinkEquity (SEBL) 10.03 -0.22: ThinkEquity says they have learned that SEBL is planning to cut about 21% of its workforce as part of its reorganization effort announced on its July 3 conference call; firm believes this is positive, as the co is taking a big bullet now by re-tuning its bloated operating cost structure to support a more likely revenue run rate that will result in a fiscally-sound operating margin; in addition, firm emphasizes that the overall activity around SEBL deployments is very healthy.

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