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

To: hueyone who wrote (6628)	4/6/2003 7:23:52 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 6974

I've responded to this on 3 boards so I won't bother again here- but notice that Larry says that oracle licenses are climbing (at the end of the piece) and we have the sister industry to software, internet companies, on a tear.

To: hueyone who wrote (6628)	4/6/2003 7:32:31 PM
From: hueyone	Respond to of 6974

The Undead Victoria Murphy Quentin Hardy, Forbes 11.11.02 forbes.com Snips: No wonder tech customers are in hiding. They are under assault from hordes of software companies that don't even deserve to exist. It's time for a shakeout--but who will do the shaking? The software business should be a field of corpses by now, buried by a long downturn in business spending; the David Guzmáns of the world should be free to choose from the thinning ranks of healthy, relevant survivors. Yet two years into the biggest bust in high-tech history, an estimated 10,000 public and private software companies are still in business. They all want a piece of a shrinking pie. Software spending is in decline after years of fervid growth, down 6% this year, to $75 billion globally, according to Meta Group, a research outfit. In some ways, venture capitalists have only themselves to blame. In the boom, VCs poured at least $47 billion into software startups, according to VentureOne, fueling some 226 public offerings. Each debut promised untold improvements in corporate efficiency. In fact, many of these companies never came near profitability, even in good times. The boundless sectors they occupied now look more like crowded niches, with multiple companies fighting for a slice of such marginal fields as storage management, content management or collaboration management. It isn't clear that the backers have learned anything. With 771 venture firms investing in technology in the past six months and $100 billion uninvested cash remaining, many more software companies will likely head into the marketplace. Software companies continue to soak up 20% of venture funding, just as they did in the boom years that created this glut. Regards, Huey