To: Brian Malloy who wrote (765 ) 1/28/2000 11:03:00 AM From: LOGAN12 Respond to of 1938
WALNUT CREEK (CBS.MW) -- The roller coaster ride that has been Commerce One continued its volatile ways in the wake of the company's earnings announcement on Tuesday afternoon. Contrary to what might have been expected with such robust revenue numbers, shares of Commerce One (CMRC: news, msgs) hit the skids, closing down nearly 10 percent on Wednesday. The Street seemed to be caught focusing on the one bearish signal in an overwhelmingly bullish report -- a 16 cents per share loss versus an estimated loss of 15 cents per share. Clueless investors might want to take a look at the big picture. Bob Austrian, an analyst at Banc of America, stated that the modest earnings-per-share miss was not a concern, and that the near-term weakness should be viewed as a buying opportunity. After all, revenues increased from $1 million during fourth quarter 1998 to $16.9 million this quarter. Bala Srinivasa, a Pacific Growth Equities' analyst pointed out, "The focus with Commerce One will always be on the top-line growth numbers and their business continues to accelerate. They blew away the top line." As if positive analyst comments, snowballing revenues, and a Banc of America upgrade weren't enough, another high-profile company entered the picture. Pharmaceutical giant, Eli Lilly and Company (LLY: news, msgs), chose Commerce One Solution as their gateway into the business-to-business e-commerce world. And the impressive client list keeps growing. Still not convinced? It appeared that, perhaps, investors were coming to their senses as Commerce One showed some strength at the opening bell on Thursday, but as the broad market began to slide, so did CMRC. What's it gonna take for Commerce One to get back in the Street's good graces? Share your thoughts in the CMRC Discussion Group. Shawn Langlois is community editor for CBS MarketWatch. Printer friendly format Refer this article to a friend For more breaking news, visit our Front Page. Also, search our news archives: Ticker Keyword (For more options use our Advanced Search) CBSMW MarketPlace Personal Finance : ? WingspanBank.com - Apply now! Simplify your life. ? Let the Loan arRanger find you the best rates. Visit our Loan Center. ? Finding your dream car has never been easier. Visit our Car Club. New! ? Free insurance quotes. Visit our Insurance Center. New! ? Get a free copy of your Credit Report online. New! Investing: ? The Direct Investor Center, the premier place for direct stock investing. ? Access over 250,000 investment research reports. Free membership! ? Free subscriptions to top performing financial advisory publications! ? CBS MarketWatch LIVE:real-time equity quotes and news over the Internet. How to Spend it! ? Put your market gains to work at the Online Golf Superstore. New! ? Explore The Good Life with Cigar Aficionado and Wine Spectator.