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Technology Stocks : Commerce One Inc - (CMRC) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Danielson who wrote (1251)	6/20/2000 8:13:00 PM
From: bob zagorin	Respond to of 1938

Thanks for the report Andrew, I didn't have a chance to listen to the call. I agree with your comments and expect that analysts will rally behind the stock tomorrow. This, to me, was a chance to buy the stock on sale.

To: Andrew Danielson who wrote (1251)	6/20/2000 10:06:00 PM
From: puborectalis	Respond to of 1938

"The acquisition will be structured as a tax-free, stock-for-stock exchange, and will be accounted for as a purchase transaction, Commerce One said. Commerce One said the acquisition would significantly enhance its ability to deliver e-commerce services to its customers and would accelerate the pace of implementation for its business-to-business exchanges worldwide."

To: Andrew Danielson who wrote (1251)	6/20/2000 10:09:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 1938

Commerce One acquires AppNet for $1.3B June 20, 2000 by Adam Feuerstein The Commerce One/AppNet merger -- once on, then off -- is on again. The two companies reached an agreement today after backtracking yesterday (see "Commerce One may acquire AppNet"). Commerce One (CMRC) will acquire AppNet (APNT) in a stock deal valued at just under $1.3 billion. The acquisition of e-business consultancy AppNet arms Commerce One with technology specialists who can accelerate the build-out of Internet marketplaces and trade exchanges and offer customers other e-business services to generate additional revenue. The two companies inked a nonexclusive partnership in April. Commerce One will issue 0.8 shares of its common stock for each outstanding share of AppNet. The deal values AppNet at about $38.14 per share, or slightly above Tuesday's $35.06 per share price. Commerce One was down $3.75 to $47.68 in Tuesday trading. Mark Hoffman, CEO of Commerce One, says the exponential growth of online exchanges requires the company to have a large army of technical consultants. As an example, Commerce One has 50 consultants working on the GM TradeExchange, while its partner, PricewaterhouseCoopers, has 150 consultants on the job -- a number that will grow to 250 soon. "The numbers are big and very demanding on the sales and implementation side of the equation," he says. Hoffman added that the AppNet acquisition will not affect the company's relationship with other consulting and systems integration partners. Hoffman also said the acquisition of AppNet, a profitable company, will speed Commerce One's quest for profits from the fourth quarter 2001 to the third quarter 2001. Adam Feuerstein covers e-commerce for UpsideToday. Reach him at adamf@upside.com.