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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: sam who wrote (595)	12/3/1999 9:17:00 AM
From: Rupert	Respond to of 2110

Interview with Ariba VP of marketing radiowallstreet.com

To: sam who wrote (595)	12/3/1999 10:56:00 AM
From: sam	Respond to of 2110

Commerx Chooses TradingDynamics for Deployment of Auction and Exchange Capabilities on PlasticsNet.Com CHICAGO and MOUNTAIN VIEW, Calif., Dec. 3 /PRNewswire/ -- Commerx, Inc.(TM), a leading e-commerce solutions company for industrial processing markets, today announced a strategic partnership with TradingDynamics to use its family of business-to-business Internet trading applications. Following a successful beta test phase, Commerx plans to fully deploy the TradingDynamics Market Suite on its inaugural site -- PlasticsNet.Com(TM) (http://www.plasticsnet.com) -- the plastics industry's leading electronic marketplace, in the first quarter of 2000. TradingDyanamics' applications will allow expansion of the current PlasticsNet.Com "Exchange" auction model and include implementation of reverse auctions and bid/ask exchange capabilities. Commerx sees the TradingDynamics applications as critical to increasing the transaction volume and liquidity on PlasticsNet.Com. "Our goal is to continue to push the envelope when it comes to delivering the best of breed technologies to our user community," said Nick Stojka, executive vice president and co-founder of Commerx. "By joining forces with TradingDynamics, Commerx is able to provide the industrial processing industry with new channels for conducting business that we view as more cost effective means to quickly buy materials, resins and equipment." These new trading systems represent an initial step in Commerx's strategy to continually extend its online procurement capabilities. The TradingDynamics Market Suite includes three applications: TD-Auction (one seller to many buyers), TD-ReverseAuction (one buyer to many sellers) and TD-Exchange (many buyers and many sellers). TD-Exchange is the most advanced model, allowing large numbers of buyers and sellers to bid in a continuously clearing market. Prices fluctuate based on real-time bidding to create a liquid or spot market similar to a financial stock exchange. President and CEO of TradingDynamics, Kirk Cruikshank, said partnering with Commerx will strengthen the company's position as a leading provider of online business-to-business trading applications. "We really are delighted to be working with such an innovative and successful Net market maker. We're each pioneers in a new and ever-changing business, and together we can provide users with highly-configurable, scalable business-to-business e-commerce solutions." quote.bloomberg.com