Zeev's Turnips Patch-No Politics (ZEEV)

[wstera2]

18:06 ET Siebel Systems (SEBL) 11.74 +0.36: Finally, getting to guidance... Sees Q3 sales of $355 - $400 mln, with license revenue in range of $145-180 mln... EPS of $0.05 to $0.08.. Multex consensus estimates for Q3 are/were $0.10 and $437.35 mln... Notes that Q4 will probably be like Q3, though tone suggests that management has little confidence in that forecast... Would optimistically put FY02 earnings at $0.34 v. consensus estimate of $0.43... Using middle of range, closer to $0.31.

18:02 ET After Hours Movers : Prices vs 4 pm ET close -- IBM +1.11, SEBL -0.89, SNDK +1.50, AMD -0.75, SYMC -0.90, IDPH -0.56, CTXS -0.06, EXTR -0.77, CERN +1.24

17:57 ET Siebel Systems (SEBL) 11.74 +0.36: On call, a deflated CEO, Tom Siebel, notes that conditions remain very difficult and that company sees no pick-up in short term... Sees growth constrained by soft economy.