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

To: hueyone who wrote (6631)	4/6/2003 8:18:48 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 6974

On the other hand, it seems to me that you have been telling us that a recovery in software is here or imminent for about the last twelve months, but I can't remember what your rationale was. I thought the absolute bottom in technology was post 911 just due to the cataclysmic effect of the event. That was a bad call, because we ended up having a strong fall quarter (quite good) but then declined into spring. The lows ended up being last summer. Most all surviving software stocks are 50-100% off their lows from July or Oct 2002, so the market pretty much tells you where the bottom was. It has been months since the bottom for Sebl and most everybody now, and since we have this "geopolitical climate" to deal with, which has literally killed international demand for US goods, and stocks are still high compared to last year, my guess is the lows are in. But maybe theres another trough down, even though we have gone from 5000 companies on the naz to the 3000s in this decline. 1000 more companies down from here? Well, right now, we have the same # companies as early 1980s and that was pre-internet when the naz was not even considered a mature exchange. I don't know when the naz had less than 3000 listed companies, my records don't go back that far.