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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (53588)	12/29/1999 10:05:00 PM
From: puborectalis	Respond to of 108040

From Clearstation thread regarding Harbinger(HRBC)......"Harbinger currently trades at 3.5 times fiscal 2000 revenue [estimates of $194 million], a multiple that is a fraction of comparable B2B companies like Commerce One (CMRC) and Ariba (ARBA) ," Forrester Research estimates the B2B market to grow to $1.3 trillion by 2003, up from $43 billion in 1998. But despite Harbinger's ability to turn a profit, generate revenue in excess of $135 million, the company is still worth less than $1 billion, or about one-tenth the size of each of its unprofitable peers, Commerce One and Ariba. Commerce One ($10.2B), which generated $2.6 million in 1998 sales, and Ariba ($10.7B), which recorded $45 million over the last twelve months, combined for less than $50 million in revenue during their latest fiscal years but have a combined market valuation in excess of $20 billion.