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Siebel shares plunge after results leak

Dow Jones blunder leads to 25 per cent fall...

By Aled Herbert

Published: 18 October 2001 08:00 GMT

Siebel's shares took a hammering yesterday after its third quarter results were released by the Dow Jones news service by mistake.

Shares in the ebusiness software provider plunged almost 25 per cent in regular and after hours trading.

Revenues for the quarter ending 30 September fell 13.7 per cent to $428m, compared to $496m in the same period last year. Profits for the three months were $35.2m, down from $67m in 2000. Revenues were affected by a fall in new business.

The company said it had launched an investigation into how the results were released ahead of schedule.

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