UBS Upgrades Siebel Systems to Neutral
Analyst Heather Bellini cites improved license revenue performance for the software maker
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UBS Financial upgraded Siebel Systems (SEBL ) to neutral from reduce.
Analyst Heather Bellini says the upgrade was based on Siebel's license revenue performance, improved revenue visibility, and overall uptick in application sending .However, concerns regarding SAP's customer relationship management gaining more share in the U.S. market prevents her from upgrading Siebel to buy.