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

To: Lizzie Tudor who wrote (6316)	9/17/2002 2:02:06 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 6974

Lots of analyst action today in anticipation of Oracle numbers, Up/Dngrades When Date Action Firm Ratings/(Target) Today 17-Sep-02 Init AG Edwards Hold Today 17-Sep-02 Init USB Piper Jaffray Market Perform ($9) Today 17-Sep-02 Up Soundview Underperform -> Neutral ($10) Siebel Systems upgraded at Soundview (SEBL) 8.18: Soundview transitions coverage and upgrades to NEUTRAL from Underperform; while positive on CRM software and SEBL's leverage to an improvement in IT spending, firm believes that at least one qtr of rev stabilization may be necessary for a meaningful catalyst; FY02-03 ests are $0.33 and $0.38, respectively (both above consensus), and cuts price target to $10 from $11. PeopleSoft (PSFT) 14.45 -0.37: In pre-open note, AG Edwards initiated with a Hold, saying the uncertain environment surrounding the timing of a rebound in corporate spending on information technology causes firm to refrain from being more optimistic, and stock appears to be properly valued at current levels. Also, firm initiated on Siebel Systems (SEBL 8.24 +0.06) with a Hold, citing the unknown timing of an extended rebound, coupled with company's organizational house cleaning after a disappointing Q2.