CORRECTING and REPLACING Siebel Systems Corrects News Release.Business Editors/High-Tech Writers CORRECTION...by Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--July 3, 2003 In BW5151, (CA-SIEBEL-SYSTEMS) Siebel Systems Reports Preliminary Earnings for the Quarter Ended June 30, 2003, sixth graph, first line should read xxx Final second quarter financial results (sted Final first quarter financial results). Also, ninth graph, third line should read xxx The final results for the second quarter of 2003 (sted The final results for the first quarter of 2003). The corrected release reads: Siebel Systems Reports Preliminary Earnings for the Quarter Ended June 30, 2003 Siebel Systems, Inc. (Nasdaq:SEBL SEBL Siebel Systems, Inc. (stock abbreviation, AMEX) ), a leading provider of eBusiness applications software, today announced preliminary results for the quarter ended June 30, 2003. Earnings per share are expected to be approximately $0.02 a share, within the range of management projections. The company's estimated cash, cash equivalents, and short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. investments were approximately $2.29 billion as of June 30, 2003, an increase in excess of $70 million in the quarter. The company expects total revenues for the second quarter of 2003 to be in the range of $330 million to $334 million and license revenues to be approximately $110 million, slightly below management's previous range of guidance for the quarter. The company faced unexpected delays in purchasing decisions by prospects and customers due to the uncertain economic climate and turbulent enterprise software industry landscape. However, Siebel Systems successfully managed the factors over which it has greater control -- expenses, cash flow, and the balance sheet. The company was able to meet its earnings guidance and exceed cash flow expectations in light of revenue generation that was slightly below anticipated levels. Siebel Systems will host a conference call today at 8:30 a.m. EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT (5:30 a.m. PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT ) to discuss its preliminary results. The call can be accessed live over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at www.siebel.com/investor or by dialing 888/454-1838 in the U.S. or 415/537-1835 outside the U.S. A replay of the call will be available through July 22, 2003, over the Internet through the same Web site, or by calling 800/633-8284 in the U.S. or 402/977-9140 outside the U.S., with reservation number 21154242. Final second quarter financial results will be reviewed during the company's regularly scheduled conference call on Tuesday, July 22, 2003, at 5:00 p.m. EDT (2:00 p.m. PDT). About Siebel Systems Siebel Systems, Inc. is a leading provider of eBusiness applications software, enabling corporations to sell to, market to, and serve customers across multiple channels and lines of business. With more than 3,500 customer deployments worldwide, Siebel Systems provides organizations with a proven set of industry-specific best practices, CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. applications, and business processes, empowering them to consistently deliver superior customer experiences and establish more profitable customer relationships. Siebel Systems' sales and service facilities are located in more than 28 countries. Siebel is a trademark of Siebel Systems, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only. Except for the historical information contained herein, this press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. The final results for the second quarter of 2003 and future operating results of Siebel Systems, Inc. may differ from the preliminary results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with final review of the results and preparation of quarterly financial statements, the financial, economic, political and other uncertainties caused or exacerbated by the current hostilities involving the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Iraq, the eBusiness software applications market, dependence on the Internet, risks associated with new versions and new products and risks associated with rapid technological change. Further information on potential factors that could affect the financial results of Siebel Systems, Inc. are included in its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and its other filings with the Securities and Exchange Commission, which are available at www.sec.gov. Siebel Systems assumes no obligation to update the information in this press release. |
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