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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (3941)	9/27/2000 8:30:16 AM
From: Mike Buckley	Read Replies (2) \| Respond to of 6974

SEBL hasn't drawn much attention to it, but they have had far more market share in the mid market than a combination of all of the third tier players. I agree on both counts. After listening to last quarter's conference call, I estimated that Siebel's mid-market revenue was $60 million. If Onyx Software (ONXS), Pivotal Software (PVTL), Interact Commerce Corp (IACT) andSaleslogix (SLGX) are the four top leaders in that market, their combined revenue was $78 million. I'd bet sebl's sequential growth is greater than the annual growth the mid market remnants generate. I wouldn't bet against you. I also estimated that Siebel's mid-market sequential growth was 150%. --Mike Buckley