Company Website
commerceone.com
Company Description
Commerce One is a leading provider of e-commerce solutions that connect buyers and suppliers of business goods and services into Internet trading communities. Forrester Research estimates that, in the U.S. alone, business-to-business e-commerce transactions will grow from $109 billion in 1999 to $1.3 trillion in 2003, more than ten times their $108 billion estimate for business-to-consumer transactions in 2003. A significant portion of these transactions will involve the procurement of indirect goods and services, which
include information technology and telecommunications equipment, office equipment and supplies, travel and entertainment, professional services, and a wide variety of other repeat purchase items.
Our products and services are designed to lower the overall costs of
business-to-business transactions by reducing the inefficiencies experienced by both buyers and suppliers of goods and services. Using our Commerce Chain Solution, multiple buyers and suppliers are able to connect to an electronic marketplace supporting a variety of real-time commerce services......
Status/Tentative Pricing JUL5 wk
Lead Underwriter CS FIRST BOSTON CORP
Exchange NASDAQ
Ticker CMRC
Price $13-$15
Shares 3,000,000
RECENT NEWS
6/9/99 The company increased its number of shares from 3,000,000 to 3,300,000.
6/7/99 The company set its price to $13-$15 and set its number of shares to 3,000,000.
4/26/99 The company filed for IPO.
|
