Commerce One Inc - (CMRC) Message Board

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Technology Stocks : Commerce One Inc - (CMRC)

CMRC 5.120

-7.3%

Nov 13 3:59 PM EST

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To: grogger who wrote (676)	1/20/2000 9:10:00 AM
From: Mohan Marette	Read Replies (1) of 1938

RESEARCH ALERT - Commerce One rated buy NEW YORK, Jan 20 (Reuters) - JP Morgan analyst William Epifanio said Thursday he had initiated coverage of e-commerce solutions provider Commerce One Inc (NasdaqNM:CMRC - news) with a buy rating and set a 12-month price target of $250. -- In a research note, Epifanio said Commerce One was outflanking its competitors with its portal exchange strategy. -- Epifanio said the key to Commerce One's ultimate success was the rise of MarketSite, its transaction portal. -- The 12-month price target of $250 was reached using both revenue multiple and discounted earnings analyses. The target price represents 120 times JP Morgan's 2001 revenue estimate of $155 million. -- Catalysts for moves in the stock price include news of more MarketSite portal deals and actual earnings results. -- Shares of Commerce One closed on Wednesday at $177. biz.yahoo.com

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