Commerce One Inc - (CMRC) Message Board

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Technology Stocks : Commerce One Inc - (CMRC)

CMRC 5.525

+6.3%

3:59 PM EST

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To: Mohan Marette who wrote (750)	1/26/2000 11:11:00 AM
From: Mohan Marette	Read Replies (1) of 1938

RESEARCH ALERT - Commerce One upped to strong buy NEW YORK, Jan 26 (Reuters) - Banc of America on Wednesday said it upgraded its rating of Commerce One Inc. (NasdaqNM:CMRC - news) to strong buy from buy and set a $275 price target. -- Commerce One delivered another very strong quarter, with licenses of $13.1 million up 68 percent sequentially, which beat Banc of America's forecast by 45 percent. -- While high expenses drove the loss per share to 16 cents, versus analyst Bob Austrian's forecast of a loss of 14 cents. The modest EPS miss was not a concern, he wrote. -- Any near-term weakness in the stock should be viewed as a buying opportunity. -- Shares of Commerce One were down 9-7/8 at 190 in trade on the Nasdaq stock market. biz.yahoo.com

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