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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (3164)	3/16/2001 11:24:17 AM
From: stockman_scott	Read Replies (1) \| Respond to of 52237

Siebel calls global slowdown 'likely' By Barbara C. Costanza, CBS.MarketWatch.com Last Update: 1:41 PM ET Mar 15, 2001 <<LOS ANGELES (CBS.MW) - U.S. stocks have been in sharp decline, but that may only be the beginning, says Tom Siebel, the founder of the software firm that bears his name. "It's pretty ugly and it's going to get worse," Siebel said Thursday in his keynote address at the 8th Annual Internet World trade show in Los Angeles. In recent days, many pundits have started to predict at least six more tough quarters ahead. But Siebel was having none of it. "Help me out here. How do you have a U.S. recession for six quarters, without having a global recession?" said Siebel, who is chairman and CEO of Siebel Systems (SEBL: news, msgs, alerts) . "It's highly likely we'll have a global recession," he added. Selective investing Siebel said that he believes that an estimated 70 percent of the companies that operate in the customer relations management software business will be out of business within the year. That means investors will be highly selective, as they should be, Siebel said. "Capital markets won't support you unless they see profits, revenue, a business plan," he said. Siebel said that at the point when stocks in the tech sector reach rock bottom, buying opportunities will abound in "great companies like Sun Microsystems and Cisco." Here to stay Despite all the moodiness among the markets, investors and companies, Siebel still regards the Internet as a "critical" phenomenon that also the largest investment opportunity most people will see in their lifetime. On a positive note, Siebel Systems remains focused and is still hiring, and retaining its best people, he said. Siebel even made a personal overture to potential employees, saying, "If you want to work for a great company, send your resume to me at tsiebel@siebel.com. We need all the help we can get." That's because the competition is fierce, too. Siebel, a specialist in business software that helps keep and add customers, competes with Oracle Corp., which is run by Larry Ellison. The chiefs of both firms have a noted rivalry that has heated up in its intensity as the economy cools.>> Best Regards, Scott BTW, does the FED need any more evidence that NOW is the time for a BIG RATE CUT...The CEOs of CSCO and SEBL are seeing a big slowdown globally...why isn't mr. Greenspeak? --> Is he out of touch and BEHIND the curve...=)