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To: Lizzie Tudor who wrote (10024)	12/13/2001 6:15:05 PM
From: stockman_scott	Read Replies (1) \| Respond to of 57684

RESEARCH ALERT-UBS raises Siebel price target to $32 Thursday December 13 NEW YORK, Dec 13 (Reuters) - Brokerage firm UBS Warburg said on Thursday it raised its 12-month price target for customer software vendor Siebel Systems Inc. (NasdaqNM:SEBL - news) to $32 from $26. ``Siebel is the dominant player in the CRM market and we believe the company's new product release will help expand Siebel's market share,'' UBS Warburg said in a research note to clients, referring to Siebel's customer relationship management software which helps businesses manage their relationship with customers. When the economic upturn occurs, the CRM market will grow in the 20 percent to 25 percent range for the next couple of years, the brokerage firm said. ``We believe Seibel has one of the best sales forces in the software sector, which should help them manage through the current economic environment as well as accelerate top-line growth when IT spending turns around.'' In active early trade, the stock was up 80 cents to $25.94 a share.

To: Lizzie Tudor who wrote (10024)	12/13/2001 6:20:04 PM
From: Bill Harmond	Respond to of 57684

From Briefing: 17:45 ET Oracle Corp (ORCL) 14.67 -0.43: -- Update -- On call, says its current assumption is that it hit bottom in Q2 and that business has started to normalize... for Q3 (Feb.), thinks license revenue growth will still be negative, but better than Q2-- probably negative high-teens yr/yr percentage decline.... in Q4, thinks license revenue growth may be flat, but from there, things should get progressively better.... Q3 EPS forecasted to be flat at $0.10 (consensus is $0.11) and Q4 EPS should be up $0.02-0.03 per share from last year's Q4 when it earned $0.15 per share... for full fiscal year, EPS should be up slightly and operating margins as a percentage of revenue should equal prior year's record level... ORCL -0.14 at 14.53