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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (41940)	6/26/2000 9:33:00 PM
From: Junkyardawg	Read Replies (2) \| Respond to of 63513

Did you see this on CMRC today? New York, Jun 26, 2000 (123Jump via COMTEX) -- Commerce One and SAP announced a partnership Tuesday, that allows SAP to bring its Enterprise Resource Planning (ERP) software online with Commerce One, the largest online business-to-business network in the world. SAP is the largest provider of ERP software in the world, and Commerce One has the largest online B2B trading platform. Although SAP had made an original investment in Commerce One last year prior to Commerce One's IPO, SAP has since developed its own online software called mySAP.com. The deal with Commerce One comes after an internal shake-up to expand more aggressively into the Internet marketplace, since mySAP.com seemed to lag behind the competition. JP Morgan reaffirmed its recommendation of "buy" on both stocks after evaluating the partnership. Terms of the deal include: Integration of SAP's e-business application with Commerce One's Marketsite portal platform; current Commerce One users will not be forced to use a new product; SAP will make an undisclosed cash down payment; SAP will buy $250 million in unregistered Commerce One shares, increasing its stake in Commerce One from 1% to just under 4%. Both companies will share royalties over a 3-year term - pricing to include license and recurring service fees. The new product will be jointly developed and marketed. --------------------------------------------------------------------------------