Found this part of Commerce One's August 16, 1999 10-Q filing very interesting:
WE INTEND TO EXPAND OUR INTERNATIONAL OPERATIONS AND THESE
EFFORTS MAY NOT BE SUCCESSFUL IN GENERATING ADDITIONAL REVENUES.
Although we have yet to generate any significant international revenues, we are planning to
increase our international operations and sales efforts. We cannot assure you that we will generate international revenues or that risks of international sales and operations will not harm us. International business involves inherent risks, and we anticipate the risks that may affect us include:
- unexpected changes in regulatory requirements and tariffs that may be imposed on electronic
commerce;
- difficulties in staffing and managing foreign operations;
- longer payment cycles and greater difficulty in accounts receivable collection;
- potentially harmful tax consequences;
- fluctuating exchange rates;
- price controls or other restrictions on foreign currency; and
- difficulties in obtaining export and import licenses.
In addition, we have only limited experience in marketing, selling and supporting our products and services in foreign countries. We do not have any experience in developing
foreign language versions of our products. This may be more difficult or take longer than we anticipate especially due to international problems, such as language barriers or
currency exchange issues, and the fact that the Internet infrastructure in such foreign countries may be less advanced than the Internet infrastructure in the United States.
The part about "we have only limited experience in marketing, selling and supporting our products and services in foreign countries" is where PNLK is way ahead of the competition. To have the connections and many years of foreign trade experience is where PNLK will surpass any competitor in the near future.
Commerce One is showing approximately a $26 million loss so far this year, yet it jumps up $19 in one day on the announcement of foreign alliances.
We have better alliances, more experience in foreign trade,
Atwood Richards, PNL TV, probably showing a small loss year to date, etc. etc. etc.
Our day has to be coming.
Allen
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