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

To: chojiro who wrote (6434)	10/18/2002 8:20:12 AM
From: rkral	Read Replies (1) \| Respond to of 6974

UBS Warburg reits Strong Buy SEBL: Reit Strong Buy - Based solely on the company's strong balance sheet and their ability to remain cash flow positive even as sales decline. We expect revenue to at least stabilize this quarter. We are reducing our price target to $9 from $20. We base our price target on a DCF model, that shows modest growth starting in 2004. Our assumptions include a long term growth rate of 3% and a discount rate of 15%. -- finance.lycos.com But SEBL at $6 (down $1.30 from yesterday's close), probably due to poor 4Q02 outlook. Ron Ron