Not True: Wit Soundview also came out with buy recommendation on 6/6. That makes 3.
Also this news from today:
at Executive Seminars
NEW YORK, June 19 /PRNewswire/ -- Cornerstone Internet Solutions
(Nasdaq: CNRS), a provider of comprehensive Internet-based
business-to-business (B2B) services and solutions, today announced that its
wholly owned marchFIRST Cornerstone subsidiary will demonstrate a custom-
configured portal at two executive breakfast seminars co-sponsored by
Microsoft Corporation (Nasdaq: MSFT), Fortune Magazine and Sequoia Software
Corporation (Nasdaq: SQSW), a leading provider of XML-powered software for
creating interactive e-business portals. Scheduled to be held in New York on
June 20, 2000 and Boston on June 21, 2000, these seminars are designed to help
business leaders learn how their organizations can derive more value from
their existing investments in technology. marchFIRST Cornerstone is a full-
service consulting organization that delivers leading-edge e-commerce, e-
business and knowledge-management solutions.
"These seminars present a tremendous opportunity to showcase our ability
to develop sophisticated information portal applications to a diverse audience
of executive-level decision-makers at corporations and other large
organizations," said Joe Stagner, President and CEO of marchFIRST Cornerstone.
"Business managers face serious issues with the integration of differing
applications that they require to run their enterprises. Some of these
applications may run on the employee's desktop, while others may be spread
among various corporate or branch locations throughout a network. Through
custom implementation of Sequoia's XML-based software, marchFIRST Cornerstone
is able to meet the challenges of integration for e-business portals and
deliver the solutions that our customers require."
At the seminars, the marchFIRST Cornerstone team will be demonstrating one
of the configurations it has developed for Sequoia's XML Portal Server(TM)
(XPS). XPS is an enterprise interactive information portal that enables the
development of software solutions that unite disparate applications and
presents them in a unified manner to users. The system allows employees to
gain better access to information, increase productivity and better utilize
the collective knowledge of the enterprise.
"Just one of the advantages of providing customized solutions through
Sequoia's technology is the 'time to value' that it enables us to provide to
our clients," Stagner added. "Using XPS as a platform, we can create portals
that integrate a number of applications very quickly. The server also
includes an array of functionalities that assist the management of content,
the execution of workflow problems, sophisticated searching and indexing and
even personalization."
Additional speakers at these initial seminars will include representatives
from Sequoia, Microsoft, CAP Ventures, Inc. and Concur Technologies
(Nasdaq: CNQR). Seminars are also planned for Atlanta on July 19, 2000,
Chicago on August 9, 2000 and San Francisco on August 10, 2000.
About Cornerstone Internet Solutions
Cornerstone Internet Solutions operates two subsidiaries, marchFIRST
Cornerstone and B2Bgalaxy.com, which are in separate Internet businesses.
marchFIRST Cornerstone, a wholly owned subsidiary of Cornerstone Internet
Solutions Inc., is a full-service Internet consulting firm that uses a
combination of strategic planning, technology and creative expertise to
provide clients with successful solutions in the B2B, B2C, Knowledge
Management and Enterprise Integration Domains. For additional information,
please contact Jeff Merritt, Director of Sales & Marketing, at 212 343 3920
ext. 203.
The B2Bgalaxy.com subsidiary creates industry-specific business-to-
business e-commerce marketplaces that link buyers and sellers through
competitive on-line exchanges and focuses on improving member profitability
through the use of PowerPurchasing, the award-winning marketplace exchange
technology.
FOODgalaxy.com enables restaurants and other food service establishments
to post a customized inventory list online and requires suppliers to
continually submit their latest product bids. This competitive process drives
down the cost of goods to buyers by as much as 20 percent and significantly
reduces the time traditionally devoted to the comparative price shopping
process. Additional functionality is available to distributors allowing them
to reduce their cost of customer acquisition, and there cost of conducting
business through the power of the Internet.
Cornerstone expects to launch a series of marketplaces over the next few
years through its B2Bgalaxy.com unit. New marketplaces will be industry-
specific, link buyers directly with suppliers and manufacturers and utilize
B2Bgalaxy.com's PowerProduct suite of e-procurement application services.
marchFIRST and the marchFIRST logo are trademarks of marchFIRST, Inc.
Some paragraphs of this news release, particularly those describing
Cornerstone's, FOODgalaxy.com's and B2Bgalaxy.com's future business prospects,
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Actual results could differ materially from those
projected in the forward-looking statements as a result of a number of
factors, including difficulties in implementing desired features, delays in
completing the B2Bgalaxy and various industry specific web sites, including
FOODgalaxy.com, technical challenges, cost overruns, changes in design,
competition, and so on, any of which could have an adverse effect on the
Company and B2Bgalaxy.com and its communities, including FOODgalaxy.com.
Factors such as these could have an adverse effect on the Company's results of
operations. In light of significant uncertainties inherent in forward-looking
statements included herein, the inclusion of such information should not be
regarded as a representation by the Company or any other person that the
objectives and plans of the Company will be achieved.
SOURCE Cornerstone Internet Solutions
-0- 06/19/2000
/CONTACT: Investor Relations - Ken Gruber, EVP & CFO of Cornerstone
Internet Solutions, 973-503-5617, kgruber@crstone.com; Media - Stacey Nield or
Heather Fox, both of Morgen-Walke Associates, Inc., 212-850-5600,
hfox@morgenwalke.com, for Cornerstone Internet Solutions/
(CNRS CNQR MSFT SQSW)
CO: Cornerstone Internet Solutions
ST: New York
IN: CPR
SU: PDT
ER
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