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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56632)	11/30/2001 2:18:00 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

11/29 17:04 Siebel Says Worst Over for Computer, Software Makers (Update3) By Jim Finkle San Mateo, California, Nov. 29 (Bloomberg) -- Siebel Systems Inc. Chief Executive Tom Siebel said computer-related companies may have seen the worst days of the recession that caused his company's sales to fall in the third quarter. The third quarter was probably the low point for computer hardware and software makers, he told investors at a Credit Suisse First Boston conference in Scottsdale, Arizona. ``In Q3 all the normal business processes came to a halt.'' The company's shares have climbed 47 percent this month as Siebel told investors at investment-bank conferences that he's seen a ``return to normalcy'' in the software business. SAP AG's U.S. Chief Executive Wolfgang Kemna said today that he's ``positively surprised'' by how quickly customers have started buying software again after disruptions in the third quarter. Siebel shares rose $1.48 to $23.96 today. The company is based in San Mateo, California. The third quarter was difficult for most software makers, which typically close many sales at the end of the quarter, because of disruptions in air travel and customers' concern the economy was slowing after the Sept. 11 terrorist attacks.