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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Bob Biersack who wrote (18089)	5/22/2002 9:07:21 AM
From: Bob Biersack	Respond to of 26752

*ALERT!!RBAKNokia says to take 10 pct stake in U.S. Redback

To: Bob Biersack who wrote (18089)	5/22/2002 9:11:14 AM
From: Susan G	Read Replies (3) \| Respond to of 26752

07:49 ET Goldman Sachs cuts estimates on 26 software companies Goldman Sachs says that recent IT surveys confirm that Q2 is shaping up to be another very challenging qtr for tech co's, and that budgets for the rest of 2002 are not likely to change much from current levels; cuts 2002-03 ests for 26 software co's based on ongoing IT spending constraints and a likely slower pace of recovery for the industry going through 2003: ARBA, AUTN, Dassault, BOBJ, DCTM, FMKT, HNCS, HYSL, INFA, ITWO, MANU, MONE, PSFT, SAP, SEBL, Sage Group, VIGN, CHKP, ENTU, ISSX, QSFT, RATL, Software A.G., SYMC, VRSN, and WEBM. 08:39 ET Goldman Sachs IT survey results Goldman Sachs says that their latest IT survey indicates that security, disaster recovery, storage, and migration to Web-based applications are principal recipients of spending increases this year. Top beneficiaries of current spending include: BEAS, MSFT, and VRTS in enterprise software; DELL and Compaq (HPQ) in enterprise systems; and CSCO in security/internet security systems. Also, results underline the strong secular growth trends in storage networking, with EMC continuing to be the primary go-to vendor for SAN and surprisingly the leader in NAS as well. ORCL ranked as overwhelming top choice in databases on which to develop/purchase new enterprise apps. 08:38 ET SEBL Siebel Systems hit by Goldman estimate cuts (20.98) -- Update -- Goldman Sachs cut estimates on many software stocks this morning (see 7:49 comment), with SEBL one of the hardest hit - Jun qtr estimate went to $0.09 from a prior and consensus of $0.12; FY02 went to $0.45 from $0.50 and consensus of $0.52. CIBC World Markets also cuts SEBL estimates this morning, to $0.48 from $0.53 for FY02.