Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AugustWest who wrote (1910)	1/16/2002 8:52:10 AM
From: AugustWest	Respond to of 1938

(REUTERS) SAP, CommerceOne to scale back partnership-FT FRANKFURT, Jan 16 (Reuters) - German software giant SAP AG <SAPG.DE> is to scale back its partnership with Commerce One <CMRC.O>, but will keep its 20 percent stake in the U.S. online marketplace specialist, the Financial Times said on Wednesday. Europe's biggest software group, which launched the high profile alliance with Commerce One in June 2000, is increasingly sceptical about the potential of online exchanges to become a viable market, the paper said. The two companies have repeatedly denied speculation that SAP, which paid $250 million to build up its stake last year, might acquire the former high flyer entirely. The FT said SAP co-Chief Executive Hasso Plattner told his U.S. counterpart Mark Hoffman that Commerce One should seek business independently of the partnership even if it meant competing directly with SAP. "The market that persuaded us to build this partnership has thoroughly changed," the paper quoted an SAP spokesman as saying. "We found a way to deal with those market changes and Commerce One, which is a very different type of organisation, must now find its own solutions." ((Frankfurt Newsroom +49 69 7565 1270, frankfurt.newsroom@reuters.com)) REUTERS * end of story *