Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Aspect Telecommunications (ASPT) -- Ignore unavailable to you. Want to Upgrade?

To: John Pendergast who wrote (1988)	4/10/2002 1:11:35 PM
From: MeDroogies	Respond to of 2018

Siebel Sees Up to 200 Information Companies Closing By Alexis Xydias and David Scanlan Madrid, April 10 (Bloomberg) -- Siebel Systems Inc. shares slumped after Chairman Thomas Siebel said he expects 100 to 200 information-technology companies to close this year. Shares in the world's biggest maker of customer-service software fell as much as $2.78, or 10 percent, to $24.78. Siebel said the first quarter this year may have been the ``worst in the history'' of the information-technology industry. While larger companies in the industry may have already cut costs sufficiently, smaller companies may still have to cut jobs, Siebel told reporters at a lunch presentation in Madrid. ``We haven't picked up yet,'' Siebel said, referring to the industry as a whole. ``The contraction is not over.'' Siebel said the company has not changed its forecast of 15 percent revenue growth this year. He expects a recovery in demand in the third or fourth quarter this year. quote.bloomberg.com.