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

To: Snowshoe who wrote (5417)	10/17/2001 6:37:46 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 6974

NEW YORK, Oct 17 (Reuters) - Tom Siebel, chief executive of Siebel Systems Inc. (NasdaqNM:SEBL - news) -- the world's No. 1 maker of customer service and selling software -- on Wednesday said he was comfortable with published fourth-quarter license revenue license and earnings results. Despite painting a dreary picture for the near-term overall world economy, CEO Siebel said spending put off by the Sept. 11 attacks on the World Trade Center would be put into motion in the current and next quarters. ``I don't think there's much I can say that everyone here is not acutely aware of,'' he told analysts during a conference call regarding third-quarter results. ``Since Sept. 11 we have faced an environment for information technology that has been as difficult as any in the history in the information technology industry.'' For the fourth quarter, Siebel said he was comfortable with analysts' published estimates of license revenue between $225 million to $300 million and earnings per share of 9 cents to 14 cents. For 2002, he said he also was comfortable with license revenue estimates between $865 million and $1.4 billion, and continued operating margins of 20 percent. License sales are key a software company's financial health because they drive future revenues, such as those garnered from consulting and maintenance services. For the third quarter, Siebel reported net income of $35.2 million, or 7 cents a share, compared with $67.5 million, or 13 cents a share, for the year-ago quarter. License revenue was off by more than a third. biz.yahoo.com