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Technology Stocks : Open Market (OMKT)
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To: Yujin Maison who wrote (1717)10/19/1999 10:57:00 PM
From: Erin  Read Replies (1) of 2004
 
Folks, I am a very occasional lurker on this thread.

Comparing Open Market and BroadVision is very relevant. They are direct competitors. I know many firms considering large scale eCommerce deployments and the usual suspects on the vendor shortlist always includes these two companies.

I know OMKT does not break down their revenue number into Transact revenues (direct enterprise sales model) versus ShopSite revenues (commission on sales model) but I would guess that the enterprise sales still make up the lions share today. This is where they compete head-to-head with BVSN.

Open Market was first to market in this space, they were in business long before BroadVision and were making more in revenue than them for a long time. But in recent quarters BroadVision have raced right by them. Compare their respective revenue numbers:


  QTR   BVSN   OMKT
  Q198  10M    15M
  Q298  11M    17M
  Q398  13M    14M
  Q498  16M    16M
  Q199  18M    16M
  Q299  23M    18.6M
  Q399  30M    18.0M


In Q3 BVSN had 27% growth Q-to-Q and 122% Y-to-Y. OMKT actually managed to decline sequentially and was only up 76% over the year ago quarter.

I think it is clear that BVSN is eating OMKT's lunch here.


Full Disclosure:

I worked for a company a while ago that used OpenMarket's software for their eCommerce site. Since then I have had an interest in the fortunes of the company purely due to curiosity.

I currently have no position in OMKT either short or long, neither do I have any position in BVSN or any of their competitors.
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