SIEBEL UPGRADED TO STRONG BUY!
BancBoston Robertson Stephens Upgrades SEBL to a Strong Buy Rating
SAN FRANCISCO, May 24 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens managing director and senior eBusiness applications analyst Eric B. Upin today upgraded Siebel Systems (Nasdaq: SEBL - news) to a Strong Buy rating from a Buy. Siebel Systems, headquartered in San Mateo, Calif., is a leading eBusiness software applications company, providing Web-based sales, marketing and customer-focused software solutions.
''We are raising our rating on Siebel from a Buy to a Strong Buy, as we see growing momentum, solid company fundamentals, an expanding product set and an increasing demand for eBusiness applications,'' said Upin. ''We believe Siebel is a direct play on the growing market for eBusiness applications.
''We are comfortable with our estimates for the second quarter, given the company's solid execution to date, the recent addition of several top-notch technology executives and the robust health of the front-office market,'' said Upin. ''The company remains one of our top picks.''
|
