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

To: ggamer who wrote (6152)	7/17/2002 5:38:42 PM
From: John Carragher	Respond to of 6974

Wednesday July 17, 5:36 pm Eastern Time Reuters Market News Siebel's Profit Smaller Than Expected SAN MATEO, Calif. (Reuters) - Siebel Systems Inc. (NasdaqNM:SEBL - News) on Wednesday posted a smaller-than-expected second-quarter profit on revenues that were down 28 percent from last year on weak corporate technology spending. Siebel shares, which ended the regular Nasdaq session up slightly at $11.74, slipped to $11.38 in after-hours trade on Instinet. San Mateo, California-based Siebel, the world's No. 1 seller of sales and customer service software, said its net income was $29.8 million, or 6 cents a share, compared with net income of $76.6 million, or 15 cents, the year earlier. Revenue fell to $405.6 million from $560.2 million last year. Software revenue, a key measure of performance, was down almost 41 percent to $170.1 million. Analysts, on average, had expected Siebel to post a 9-cent per-share profit on total sales of $437.1 million, according to Wall Street tracking firm Thomson First Call. Siebel shares are down 66 percent from a year ago.