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


To: 10K a day who wrote (1897)12/9/2001 9:00:56 PM
From: H James Morris  Respond to of 1938
 
>PLEASANTON, Calif., Dec 06, 2001 (AP Online via COMTEX) -- High-tech entrepreneur Thomas Gonzales, who launched one of the Internet's brightest stars before the dot-com flameout, has died after a battle with cancer. He was 35.

Gonzales co-founded Commerce One Inc., a Pleasanton company that made software designed to allow businesses to buy and sell products online. He remained Commerce One's chief technology officer until earlier this year.

"He was very proud of what he had created, of what became Commerce One," said Mark Biestman, a company senior vice president who gave Gonzales one of his prized possessions, a black cape bearing a gold letter "f" for founder.

After the company went public in mid-1999, Commerce One's stock soared, reaching its peak closing price of $135.63 in early 2000. The stock plunged along with the Internet economy over the past year. The shares closed at $3.41 Thursday.

Gonzales' estate owns about 1 percent of the company, worth roughly $10 million.

Gonzales is survived by his father Tom Gonzales of Incline Village; his mother Betty Baker of Oroville; and two brothers, Joel Gonzales of Pleasant Hill and Bernie Baker Jr. of Oroville.

Copyright 2001 Associated Press, All rights reserved