COMMERCE ONE: Commerce One teams up with Compaq Taiwan and new Taiwan
trading portal on Taiwanese business-to-business e-commerce; Multi-industry
Taiwanese joint venture to automate tens of billions in procurement spending
FEB 23, 2000, M2 Communications - eLink Conference, LONDON -- Commerce
One, Inc. (NASDAQ: CMRC), the leader in global electronic commerce
solutions for business, Compaq Taiwan [descriptive sentence for Compaq
and trading symbol] and four leading Taiwanese industry groups
announced the execution this morning of a preliminary non-binding
letter of intent to establish Com2 Business, Inc., a Taiwanese joint
venture to establish a portal for exchanging goods and services among
businesses worldwide.
The portal will become the Taiwanese hub of the Commerce One Global
Trading Web, the largest business-to-business trading community in the
world, powered by Commerce One.
"We believe that Compaq Taiwan and Com2 Business, Inc. are in an
ideal position to revolutionise procurement practices in Taiwan," said
Mark Hoffman, chief executive officer of Commerce One. "Com2 Business
is bringing together numerous strategic industries to enable electronic
procurement on a national level. We are very pleased to be working
closely with leading Taiwanese industry groups on this very important
addition to The Global Trading Web."
The trading portal will comprise many industries including retail,
telecommunications, automotive supply chain, computer and components,
cable, stainless steel, semiconductor and mechanics. All of these
combined will represent approximately 10 percent of the trading volume
of Taiwan's gross domestic product.
Rosemary Ho, managing director of Compaq Computer Taiwan: David Lin,
CEO of Lite-On Group; Wei-Kung Chi, president of Tai Yuen Textiles;
Laurence Yang, vice chairman of Far Eastern Group; Peter Liu, chairman
of WI Harper Group and I-lin Cheng, president of Walsin Lihwa Corp.
were present this morning at Commerce One's eLink Conference in London
to demonstrate their support and participate in the signing of the
preliminary agreement. These companies and their suppliers will be
among the first to join the trading community; however, it is expected
that the consortium will recruit other buyers and suppliers on an
ongoing basis.
The portal will support direct, indirect, and ad hoc spending - which
represents approximately 100 percent of enterprise spend - among
trading partners utilising Commerce One's BuySite eProcurement
application and MarketSite Portal Solution.
"Compaq is helping Taiwan enterprises to enter the global e-business
market by creating an innovative, high-speed collaborative network,"
said Rosemary Ho, managing director of Compaq Computer Taiwan. "To
begin with, we will work with leading manufacturers to pilot the
portal. The portal will recruit other buyers and suppliers from other
industries such as finance, securities, petrochemicals and
transportation, with the vertical and horizontal integration of
enterprises' business supply chain.
The Com2 Business, Inc. portal will become the Taiwanese hub of The
Commerce One Global Trading Web, the world's largest
business-to-business trading community. Comprised of many open
e-marketplaces running on the Commerce One MarketSite Portal solution,
the Global Trading Web provides unprecedented economies of scale for
buying organisations, suppliers, and service providers worldwide. Each
global trading portal is independently owned and operated by a leading
market maker in a region or industry - resulting in the greatest choice
for all trading partners. Global trading portals are currently operated
by Banacci in Latin America, British Telecommunications in the United
Kingdom, Cable and Wireless Optus in Australia, Citigroup in the United
States, Commerce One in the United States, Deutsche Telekom in Germany,
NTT Communications in Japan, SESAMi.com in Singapore, Swisscom in
Switzerland and Toronto Dominion Bank in Canada. In addition, General
Motors and the Royal Dutch/Shell group operate global trading portals
for the automotive and energy industries, respectively.
About Compaq Taiwan
Compaq Computer Corporation, a Fortune Global 100 company, is the
second largest computer company in the world, and the largest global
supplier of computer systems. Compaq develops and markets hardware,
software, solutions and services, including industry-leading enterprise
computing solutions, fault-tolerant business-critical solutions,
enterprise and network storage solutions, commercial desktop and
portable products and consumer PCs. The company is an industry leader
in environmentally friendly programs and business practices. Compaq is
expected to spend more than US$8 billion in 2000 to purchase from
Taiwan IT Manufacturers and suppliers on direct materials.
Compaq products are sold and supported in more than 100 countries
through a network of authorised Compaq marketing partners. Customer
support and information about Compaq and its products are available at
compaq.com.
About Commerce One
Commerce One is the leader in global e-commerce solutions for
business.
Through its products, portals and services, Commerce One creates
access to worldwide markets, allowing anyone to buy from anyone,
anytime, anywhere. The Commerce One Global Trading Web is the world's
largest business-to-business trading community. Comprised of many
e-marketplaces, the Global Trading Web provides unprecedented economies
of scale for buying organisations, suppliers, and service providers
worldwide. Commerce One is located in Walnut Creek, Calif., and can be
reached by phone at (800) 308-3838 or (925) 941-6000 or via the
Internet at commercone.com.
Forward Looking Statements
Certain statements made in this press release by Commerce One are not
historical facts but are "forward looking statements" and may involve
risks and uncertainties which could cause actual future results to
differ materially and adversely from those anticipated by such
statements. Included among the factors that could affect Commerce One's
performance are: the ability to conclude definitive agreements in a
timely fashion; the ability of the joint venture to build its business
successfully; the ability of the joint venture to effectively manage
future growth; market acceptance of the joint venture technology; and
the ability of the Commerce One technology to support the operations of
the joint venture. For a discussion of these and other risk factors
that could affect Commerce One's business, see "Risk Factors" in
Commerce One's filings with the Securities and Exchange Commission,
including its quarterly report on Form 10-Q for the quarter ended
September 30, 1999.
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(C)1994-2000 M2 COMMUNICATIONS LTDCONTACT: Chris Phillips, Commerce One
Tel: +44 (0)20 89 56 25 28
e-mail: Chris.Phillips@commerceone.com
Stella Couch, Write Image
Tel: +44 (0)20 74 93 54 00
e-mail: stellac@write-image.co.uk
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
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