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Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (214)	10/19/2002 12:15:18 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 238

SEBL ($7-$6)...PE=16....misses by 2 cents..lite on rev's 17-Oct-02 17:39 ET Siebel Systems misses estimates (SEBL) 7.29 +0.54: Reports Q3 (Sep) earnings of $0.03 per share, $0.02 worse than the Multex consensus of $0.05; revenues fell 18.4% year/year to $357.2 mln vs the $362.2 mln consensus. 17-Oct-02 18:55 ET Siebel Systems guidance (SEBL) 7.29 +0.54: -- Update -- Dow Jones reporting that company sees Q4 EPS in mid single digits vs Multex consensus of $0.07; sees license revenue of $135-165 mln - we have no consensus estimate for license revenue. SEBL -0.94 (-12.9%) to 6.36 after hours. Reuters Siebel Posts Loss, Forecast Disappoints Thursday October 17, 9:55 pm ET By Lisa Baertlein PALO ALTO, Calif. (Reuters) - Software maker Siebel Systems Inc.(NasdaqNM:SEBL - News) on Thursday posted a third-quarter net loss, its first in four years, and issued a current-quarter forecast below Wall Street's consensus expectation. ADVERTISEMENT Siebel shares, which had finished the regular Nasdaq session 8 percent higher at $7.29, slid to around $6.30 in extended trade on Instinet after the company's profit -- excluding charges -- missed its own guidance, and software license sales declined for the seventh quarter in a row. "On the sales side, there's no question that we could have, should have, performed better than we did," Tom Siebel, the software maker's founder and chief executive, said during a conference call with analysts. Analysts said the outlook for sales was disappointing and Siebel's ongoing efforts to slash expenses would likely result in net losses for the remainder of the year. "I think they did O.K. on the license side, but they clearly have too many fixed and variable costs," said Jamie Friedman, an analyst at Fulcrum Global Partners, a research-only firm that now has a sell rating on the stock. Said Pat Walravens, an analyst at JMP Securities: "If you're an investor, you should just take your time and wait until these kinds of issues are behind the company." JMP Securities does no investment banking for software companies. SALES DOWN, GUIDANCE DOWN San Mateo, California-based Siebel Systems, the No. 1 seller of software that helps companies track sales and communicate with customers, posted a net loss of $92.1 million, or 19 cents per share, compared with a net profit of $35.2 million, or 7 cents per share a year earlier. The quarterly results included a $109 million charge related to layoffs and restructuring and a $55 million charge from a plan that allowed Siebel Systems employees to swap devalued stock options for cash or shares. Siebel's profit excluding items was $13.1 million, or 3 cents per diluted share, which missed the company's own forecast for pro forma earnings of 5 cents to 8 cents a share. Revenue fell 18 percent to $357.2 million from $437.9 million, landing at the low end of company guidance for total revenue of $355 million to $400 million. Software license revenues, a key measure of future growth, were down 34 percent to $126.8 million. Siebel Systems said it would book a fourth-quarter restructuring charge of $140 million to $165 million. The company said it was not cutting any more jobs beyond the 1,122 it had cut during the past quarter. Tom Siebel forecast fourth-quarter earnings per share, excluding charges, in the "mid-single digits" in cents on software revenues of $135 million to $165 million. Siebel Systems reported software license revenues of $250.2 million and net earnings of 13 cents per diluted share in the fourth-quarter of 2001. Analysts, on average, had forecast fourth-quarter earnings of 7 cents a share, according to research firm Thomson First Call. Analysts told Reuters they were expecting fourth-quarter software sales of around $160 million prior to the call. Tom Siebel said his company and Microsoft (NasdaqNM:MSFT - News) would make a major announcement on Monday, but declined to provide details. He said, however, that Microsoft was not buying Siebel Systems, nor making an equity investment in the company, as had been widely rumored. Siebel shares are down nearly 76 percent so far this year. The stock of rival PeopleSoft(NasdaqNM:PSFT - News), which also reported on Thursday, is down 63 percent year-to-date. Email this story - Set a News Alert ADVERTISEMENT