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Friday, April 04, 2003 4:13:30 PM

Re: Teri Garner post# 94294

Post# of 704017
16:05 ET Siebel Systems cuts guidance (SEBL) 7.75 -0.41: -- Update -- Co guides Q1 revenue outlook to a range of $330-$335 mln (Multex consensus $369.16 mln). Net income for the qtr (after taxes) is projected at $3-5 mln. SEBL says a number of customers unexpectedly postponing purchase decisions beyond the end of the quarter. "While the Company believed the sales pipeline remained sufficient to meet its sales projections for Q1, a few transactions were postponed late in the quarter. Had these transactions not been postponed, the Company would have been within its license revenue and earnings guidance for the quarter."


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