E*OFFERING Initiates Coverage on Commerce One, Inc. (Nasdaq: CMRC) With A Buy Rating Headlines
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02/25 06:25
SAN FRANCISCO, Feb. 25 /PRNewswire/ -- The following is being issued by E*OFFERING, a member of the National Association of Securities Dealers, CRD Number 036717:
E*OFFERING E-Business Software and Services Analyst Patrick Mason initiated coverage today on Commerce One, Inc. Nasdaq: CMRC - BUY, $179)) with a BUY rating.
"Commerce One finished FY99 with $33.6 million in revenues compared to $2.6 million in FY98," reported Mason. "Since its IPO in July 1999, Commerce One has seen its shares explode for a gain of roughly 2,500%."
Commerce One is a leading provider of business-to-business e-commerce solutions and utilizes the Internet to link buyers with suppliers of commodity and indirect goods and services in global trading communities. The formation of these trading communities allows individual businesses to realize greater economies of scale with regards to procurement, thus lowering the overall cost of supplies, increasing a firm's ROA.
"The real value of Commerce One does not lie with the BuySite e-procurement engine alone, but rather from the ability to successfully aggregate the enormous amounts of content from product catalogs, manage that content in a way that allows buyers to comparison shop across various suppliers, sign agreements with powerful buyers in specific vertical markets, link all buyers and suppliers in a global trading environment, and empower a fully automated e-procurement solution," continued Mason. In addition, "Commerce One has already begun to align itself with the 800-pound gorillas within the various vertical markets, like General Motors Corporation, Royal Dutch/Shell Group, and the recently announced Citigroup Inc. and BellSouth Corporation deals."
To read Patrick's report on Commerce One, or any other E-Business Software or Services company he covers, please visit the E*OFFERING website at eoffering.com.
E*OFFERING is the first online investment bank designed to become the e-channel of choice for both issuers and investors. E*OFFERING complements the reach of traditional investment banks by structuring the online offering as an integral part of the capital-raising process. Through its reach into the retail market, E*OFFERING is changing the dynamics of investment banking to reflect the opportunities created by the Internet economy.
About E*OFFERING
E*OFFERING (member NASD/SIPC), headquartered in San Francisco, was founded in January of 1999 with the objective of democratizing the capital markets. It successfully enables its issuers to access and use capital more effectively by leveraging the broadest investment community of retail and mid- and top-tier investors available. E*OFFERING has the combined financial expertise, top-notch people, Internet infrastructure, and business model to enable this. Funding for E*OFFERING was provided by E*TRADE Group, Inc. (Nasdaq: EGRP $21-5/8), General Atlantic Partners, SOFTBANK Venture Capital, New Enterprise Associates, Battery Ventures, Crosspoint Venture Partners, Sandy Robertson, founder and former CEO of Robertson Stephens, and Walter Cruttenden, founder and former CEO of Cruttenden Roth.
Additional information is available upon request.
Note: E*OFFERING Corporation may make a market in any or all of the above securities, may have been an underwriter of these companies' securities within the past three years, may hold a position, long or short, or in aggregate over 5% of the outstanding shares, and may have an employee who is on the board of directors of any of these companies. Options may be available on these securities.
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