Hi Tim,
Thanks for illuminating this question of # of shares outstanding. No vesting restrictions on options would be
unusual, in my opinion.
You've got a great point about needing to see some insider buying as indication of some value in CMRC.
Listening to Hoffman talk, everything sounded like.... our products and exchanges are helping our customers with
cost savings... now we're losing money on providing this service, on a per unit basis, but we're hoping to make
it up in volume -g-
a few more items from the CC:
PLEASANTON, Calif., Oct 17, 2001 (BUSINESS WIRE) -- Commerce One, Inc. (Nasdaq:CMRC), the e-marketplace company, today announced financial results for the quarter ended September 30, 2001.
Revenues for the current quarter totaled $81 million, compared to revenues of $113 million for the quarter ended September 30, 2000.
Operating loss for the third quarter of 2001, excluding interest income, amortization expense and taxes, was $64 million, or $0.24 per share, as compared to $15 million, or $0.09 per share, for the corresponding quarter in 2000.
The net loss for the current quarter was $119 million, or $0.45 per share, as compared with a net loss of $61 million, or $0.37 per share, for the corresponding quarter in 2000. The third quarter net loss includes operating loss, interest income, amortization expense, taxes and stock compensation.
"While the economic environment remains difficult, we have taken the appropriate steps to focus the company and maintain a path to profitability," said Mark Hoffman, chairman and chief executive officer for Commerce One. "We are absolutely focused on making our customers successful through our proven e-commerce platform and applications that deliver superior return on investment."
Quarterly Highlights
-- Commerce One added 19 new customers for the quarter, bringing
the total customer count to 619 comprised of 172 public
e-marketplaces and 447 enterprises.
-- The company signed significant software license agreements
across key vertical industries in the Americas, Europe and
Asia, with new global wins including GMAC/Deskom. Existing
customers LG&E Energy Corp. and Bidvest expanded their
relationships with Commerce One licensing additional solutions
during the quarter.
-- To date, Commerce One customers have reported the completion
of more than 5,000 auction events valued in excess of $40
billion worldwide.
-- Commerce One successfully linked Fortune 1000 companies in
over 40,000 e-marketplace-to-e-marketplace transactions
through the Global Trading Web(TM), the world's largest
trading community. Participants included the buyers and
suppliers connected to T-Mart (Deutsche Telekom), Enporion,
Exostar, IgniteMarketplace.net (formerly BT MarketSite),
PeopleSoft Marketplace, TD MarketSite and Commerce One.net.
-- Commerce One entered the "Partners In Sync" Alliance Program
with UCCnet to provide completely integrated e-commerce
solutions to the expanding UCCnet trading community.
-- Commerce One expanded the breadth of its management team with
the appointment of Alexsis de Raadt-St. James as senior vice
president and chief strategy officer to lead the development
of Commerce One's long-term market and product strategy. The
company also appointed Dan Currie as vice president, business
development for the company's Asia-Pacific region.
About Commerce One |
