Could you or anybody else please explain why CLIC is supposed to be a dog? I already have enough of the canine element in my portfolio. Maybe I should unload it during the 25 day upswing tomorrow?
Well, I was exchanging some private messages with somebody today specifically on this "dog" topic... lol!
I'm not in any way suggesting clic won't go up, since the whole space is rising to the upside and taking everybody with it. It might even be that some second-tiers like ppro outperform the quality stocks like cmrc in the short term. Clic could be like that, they have strong underwriters I thought.
But anyway, Calico has been around forever. Not many people remember their original business plan was a front office player like Siebel. They competed regularly then with Aurum (?) - I think that was the name - and Baan considered buying either Aurum or Calico and bought Aurum. This left Calico out in the lerch, since they really couldn't compete in front office. Meanwhile Ariba is chugging along. Calico revised their business plan and changed their name to "Calico commerce". Unfortunately switching horses midstream like this is a real hindrance to the business because all the stock was given away to front office people who have since probably left. Calico then decides to copy Ariba in some way and recruit new execs, and they IPO. So that is their history, never as a leader, always an also-ran.
It sounds very similar to Kaplan at onsale, he started onsale as a software company to sell software to companies that wanted to liquidate unsold merchandise over the web. That didn't work, he became a auction site with inventory. Finally he became a sort-of ebay clone. Too late, ebay had the space. Thats Calico vs. Ariba.
Commerce One is a little different because Hoffman changed the playing field for them. They would have been an also-ran but Hoffman brought in a top team and cmrc has a completely outsourced solution vs. Ariba's software that needs to be installed on site.
Foundry is a company in the comm space that is just like Calico, been around forever and all of the sudden they are this hot ipo. So maybe calico will rise to that level too, who knows. I won't buy foundry or clic though because I don't think either company has any leadership.
bwdik, I sold my interwoven last week and it hit a new high on friday. |
