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To: Lizzie Tudor who wrote (11445)	5/9/2002 1:08:03 AM
From: stockman_scott	Respond to of 57684

Until Further Notice We're In Rally Mode... Message 17443856

To: Lizzie Tudor who wrote (11445)	5/10/2002 12:20:48 PM
From: stockman_scott	Respond to of 57684

SEBL cut to Neutral 08:46 ET SEBL Siebel Systems cut to Neutral at Pacific Crest (23.01) Pacific Crest downgrades to NEUTRAL from Strong Buy on concerns about a continued slowdown in software spending, weakening pipeline/backlog, potential for "brain drain," and increasing competition over the long-term from ERP vendors.