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

To: Ibexx who wrote (5415)	10/17/2001 6:29:14 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 6974

SAN MATEO, Calif., Oct 17 (Reuters) - Software maker Siebel Systems Inc. (NasdaqNM:SEBL - news) on Wednesday posted third-quarter earnings that were down 48 percent and at the low end of Wall Street's reduced expectations as key software license revenue tumbled. <snip> While the economy is partly to blame for the company's weaker results, analysts said there are other factors at play. ``The bad news is Siebel has more competition from SAP , Oracle (NasdaqNM:ORCL - news) and PeopleSoft (NasdaqNM:PSFT - news),'' said Robertson Stephens analyst Eric Upin, who had forecast per-share earnings of 11 cents on total revenue of $485 million and license revenues of $240 million. Each of Siebel's new rivals is a big player in the business management software arena and is making a major push into the CRM giant's backyard. Financial and industry analysts generally agree that Siebel's offerings remain superior to competitive offerings. Nevertheless, said Upin, ``the gap is narrower.'' <snip> biz.yahoo.com