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To: Frederick Langford who wrote (12829)	8/20/2001 10:05:13 AM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

Fred, SS SONS at 16.1 for a quick trade. CIEN and JNPR in the 17s, I'll be a buyer in the 13s. Regards, Tom

To: Frederick Langford who wrote (12829)	8/20/2001 10:51:30 PM
From: Tom Hua	Respond to of 19633

Monday August 20, 6:00 pm Eastern Time Siebel sees economic rebound late 2002 ASPEN, Colorado, Aug 20 (Reuters) - E-business software firm Siebel Systems Inc. (NasdaqNM:SEBL - news), on Monday forecast that the sagging economy will not recover until a year's time, saying that the technology bubble has yet to fully deflate. ``I don't think we have begun to see the carnage in information technology companies that are going to fail,'' Siebel Chief Executive Tom Siebel told a conference organized by the Progress & Freedom Foundation. ``We expect to see this turnaround around Q3 of next year.'' ``My market will follow the economy at large,'' he told Reuters on the sidelines of the summit. Siebel declined to give specific forecasts for his San Mateo, California-based firm, which makes customer relationship management software. ``We got in kind of a bubble situation. The world went crazy in the last two years,'' he told the conference. ``Sanity is returning.'' ``Is it going to get better soon? Q3, Q4?'' he said, referring to the second half of this year. ``We don't think so.''