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

To: chojiro who wrote (5756)	4/17/2002 7:53:18 PM
From: Uncle Frank	Respond to of 6974

Wednesday April 17, 7:05 pm Eastern Time Reuters Business Siebel CEO says Q2 revs should be flat with Q1 NEW YORK, April 17 (Reuters) - The chief executive of Siebel Systems Inc. (NasdaqNM:SEBL - news) said on Wednesday he expected second quarter revenues to be flat with the first quarter but warned analysts that sales could fall as much as 15 percent if economic conditions worsen. ``The highest probability situation is that the second quarter ... looks about like March. If that's the case, we'd generally see revenue roughly flat quarter to quarter,'' CEO Tom Siebel said on a conference call with analysts. ``If we see additional deterioration, then we expect to see a decrease of 10 to 15 percent in license revenue,'' he added, referring to software license sales, a key measure of a software company's core growth. If market conditions improve, Siebel said he expected to see ``substantial upside'' in license revenue growth. He did not provide any earnings per share guidance for the second quarter or say anything about the full year 2002. The company has previously said it expects software license revenue to grow 15 percent in 2002 over 2001. Earlier, the No. 1 maker of software which enables companies to manage their customer sales, service and marketing operations posted first-quarter earnings that were in line with the company's forecast on software sales that slipped to $477.8 million from $598.8 million a year ago. biz.yahoo.com