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

To: eRM Solutions who wrote (2760)	5/2/1999 10:43:00 PM
From: Steve Hufnagle	Respond to of 6974

< April 27, 1999[Barron's Online]> Article talks about E-Commerce and Siebel. Not all software companies are created equal. But until recently Wall Street has acted as if they are -- equally bad. But sentiment may be changing. Some Wall Street pros already have started looking at software stocks that facilitate e-commerce and the . A few of those even appear to be reasonably priced--after handily beating earnings expectations last week. At the Hambrecht & Quist Technology Conference here, managements clearly distanced themselves from the severely damaged Enterprise Resource Planning (ERP) software group -- with which they are sometimes lumped. Instead, they touted their exposure to the exploding e-commerce arena. Timothy J. Dolan of BT Alex Brown calls this year's biggest area of incremental IT spending.that of software to automate sales and marketing, customer support and invoicing processes Ed Bierdeman of Moors & Cabot Dakin, who has a Strong Buy rating on the stock and a price target of 56, calls Siebel a "market leader...with excellent technology and top notch management." Equally bullish are Ekoniak and Patrick Mason of Preferred Capital Markets, who both have Buy ratings on the stock. "These products are really hot: CEOs want to buy [them]," says Mason. "It's a stepping stone to the Internet and interacting with customers." In his presentation Monday, CEO Tom Siebel made the bold claim that Siebel had become the world's second largest application software company (behind SAP but ahead of Oracle) as measured by license revenue.