Does anyone know anything about this stock CMRC closed at 75 3/4 up 6 3/4 + 9.8%. Any Comments??? dealie ¢¾
CMRC--Commerce One, Inc. offers business- to-business e-commerce solutions that link buyers & suppliers of goods & services into trading communities over the Internet. Its Commerce One Solution includes: BuySite Enterprise Edition, an intranet-based purchasing application that enables enterprise users to make purchases over the Internet; BuySite Portal Edition, which resembles the Enterprise Edition but allows the hosting of a number of companies at a single implementation; & MarketSite Portal Solution, which provides the foundation for commerce service providers to create & maintain regional and vertical marketplaces. Toronto Dominion, Singapore Tele- communics. & British Telecommunics. account for nearly half of the its total revenues. In Sept 00, the company acquired AppNet.
*******************************************************
Banc of America Analyst: Business Has a Year to Adapt to Internet-Based Commerce Systems
PR NEWSWIRE - September 22, 2000 15:55
SAN FRANCISCO, Sep 22, 2000 /PRNewswire via COMTEX/ -- The following is being issued by Banc of America Securities, a member of the National Association of Securities Dealers, CRD number 26091:
Major industrial companies that don't participate in Internet-based e-marketplaces within the coming year risk extinction, according to Banc of America Securities' (NYSE: BAC; PCX; London) senior research analyst Robert B. Austrian.
(Photo: NewsCom: newscom.com )
"The global economy is poised for an unprecedented streamlining, catalyzed by the inevitable rise of B2B e-commerce hubs, exchanges and marketplaces," he said. "Ignoring the Internet will become comparable to neglecting the advantages of the telephone."
Austrian's comments came at the 30th Annual Banc of America Securities Investment Conference, which runs through September 22 at the Ritz-Carlton Hotel in San Francisco. The five-day conference features 250 presentations from companies that are driving the Business Services, Consumer & Retail, Energy, Entertainment, Media & Telecom, Financial Services, Health Care, Industrial Growth, Real Estate & Lodging and Technology industries.
He said that 2000 marked the start, in earnest, of the transformation to the "new e-conomy" that will drive revenue and wring out excess costs. "No business practices or strategies will be sacrosanct," Austrian said. "Expect revolution, not evolution as organized markets are created where none ever existed."
Once Internet-based commerce systems become all pervasive, Austrian noted, we'll see significantly reduced commerce frictions and the obliteration of margin advantages gained through cumbersome access to pricing information. "With the elimination of ill-gotten information margins, businesses will be able to focus on bona fide value," he explained. "With eB2B, it will become very easy for businesses to evaluate the price quality, etc at which they're willing to commit."
Austrian commented about the explosive growth of the eB2B sector and the geometric growth anticipated in the years ahead. He noted that the more conventional B2B economy represents at least $50 trillion in domestic transactional "new e-conomy" opportunities, and that eB2B will capture them all. "The best target sectors for eB2B are the least profitable and most process inefficient that also have the highest informational inefficiencies and greatest concentrations of buyers and suppliers," he said.
Austrian recommended the following B2B e-Commerce and Internet Software stocks as strong buys: Siebel Systems (SEBL), Ariba (ARBA), Commerce One (CMRC), Manugistics Group (MANU), Digital Insight (DGIN), Aspen Technology (AZPN), and Saba (SABA).
Other stocks he rated highly include: Oracle (ORCL), FreeMarkets (FMKT), VerticalNet (VERT) and Internet Capital Group (ICGE).
Banc of America Securities, a subsidiary of Bank of America Corporation, is a full-service investment bank and brokerage firm. With principal offices in San Francisco, New York City and Charlotte, Banc of America Securities employs more than 4,200 associates in offices around the country and, with affiliates, offers capabilities worldwide.
Bank of America, with $680 billion in assets, is the holding company for the largest bank in the United States. It provides international corporate financial services for more than two million businesses conducting transactions in 190 countries. More corporations, small businesses and consumers use online banking and investing services from Bank of America than any other financial services company in the United States. The company's stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges, and certain shares are listed on the Tokyo Stock Exchange.
SOURCE Banc of America Securities |
