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To: NOW who wrote (60565)	1/22/2001 5:11:45 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

it wasn't strictly a down day....the SnP was up a fraction.

To: NOW who wrote (60565)	1/22/2001 9:48:44 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

guess those block shares at the end were either dumb money or smart money... nite before the truth report..... OK csfb..... let's see what you got after the close tomorrow....... nothin i hope except hype. CSFBdirect News Alert! triggered at 08:51 PM for symbol: ORCL Siebel Q4 EPS seen likely to beat analysts' estimates Siebel Q4 EPS seen likely to beat analysts' estimates By Lisa Baertlein PALO ALTO, Calif., Jan 22 (Reuters) - Fast-growing software maker Siebel Systems Inc. <SEBL.O> is expected to post strong fourth-quarter results and issue a healthy outlook on Tuesday -- despite the weakening economy and slowing technology spending. Analysts said the provider of software that automates sales, marketing and customer service operations would likely beat Wall Street's consensus forecast for 15 cents per share without batting for a home run. "I think Q4 finished up in strong shape," Morgan Stanley Dean Witter Analyst Chuck Phillips told Reuters. "Given the uncertainty on the outlook, it probably makes sense for them to enter Q1 with as much backlog as possible," Phillips said, explaining that the company will probably be conservative in reporting end-of-quarter revenue. Siebel shares gained 61 percent in 2000. They ended 19/64 higher at $77-5/8 on Monday, still off their year high of $119-7/8. Siebel officials couldn't be reached for comment. San Mateo, Calif.-based Siebel is the leader in the overall customer relationship management (CRM) applications market, which is expected to grow to $12 billion in 2004 from $4.6 million last year, Mary Wardley, program director for CRM applications at International Data Corp., said. In a telephone interview, Banc of America Securities Analyst Bob Austrian called Siebel the "gold medalist" in the CRM space, but said that blanket prudence applies as corporations become more conservative in their technology spending. "Given the broader economic uncertainty there surely is some generic worry in the industry about 2001 overall, but the CRM space and Siebel in particular is looking good and great respectively," Austrian wrote in a recent report. THE LAW OF LARGE NUMBERS LOOMS When Siebel reports its results on Tuesday, investors will be listening for hints that the economy could slow the Siebel's rapid revenue growth. Siebel's 2000 revenue is expected to hit $1.7 billion, up about 215 percent from 1999 revenue of $791 million. In 2001, revenue is expected to grow 153 percent to $2.6 billion, according to consensus estimates compiled First Call/Thomson Financial. "The law of large numbers is kicking in ... We're already baking into our models a conservative slowdown," Merrill Lynch Analyst Craig Wood said. "The question is: 'How can they continue to grow at this rate?' I think that's what people are afraid of," Phillips said. Siebel has a wide range of products and holds lead market share in virtually all of CRM's varied segments. Because the sector is relatively new and fragmented, Siebel faces competition from the likes of Oracle Corp. <ORCL.O>, PeopleSoft Inc. <PSFT.O>, Onyx Software Corp. <ONXS.O> and E.piphany Inc. <EPNY.O>, several of which are also slated to report earnings in the coming weeks.