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To: Bill Harmond who wrote (144301)	7/26/2002 12:13:47 PM
From: H James Morris	Respond to of 164684

>>Use it all you want. << Thanks Bill, I appreciate your support. I love you too. Regards, Lightreading.com

To: Bill Harmond who wrote (144301)	7/26/2002 8:46:54 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Standing out Ariba (ARBA: news, chart, profile) jumped 10 percent to $3.05. The provider of software to source and procure products saw a 7-percent sequential increase in license sales. "When you're in a market that's seeing sequential declines in sales, flat or sequential increases is great news," said David Hope-Ross, an analyst at Gartner Inc., who was once critical of Ariba's prospects in the past. Hope-Ross would point out that Commerce One (CMRC: news, chart, profile), once an Ariba rival in the past, showed a sequential 13-percent sequential decline in license sales. What's more, in the second quarter, 11 percent of that revenue came from Commerce One alone. The remaining revenue is from SAP royalties, said Hope-Ross. So how did Ariba generate relatively good sales growth? "I think Ariba took corrective action earlier and it's put corporate and product strategies in place relatively early on," said Hope-Ross. Ariba CFO Jim Frankola said he expects Ariba to become profitable on a GAAP basis by the March or June quarter of 2003. Of note... CNet (CNET: news, chart, profile) tumbled 5 percent to $1.28 after reporting second-quarter results that were in line with its pre-announcement. Investors remain concerned that CNet, which relies heavily on tech advertising, will have a long wait before technology recovers. Openwave (OPWV: news, chart, profile) sank 28 percent to $1.03 after the company reported results that were in line with its previous pre-announcement. CS First Boston analyst Tim Long wrote in his note to clients that Openwave's cash burn will accelerate due to integration of Ellipsus and Signal Soft. Management expects cash outflow to "neutralize exiting calendar 2002." Long is widening his expected losses for fiscal 2003 and expects losses to continue out to 2004. On deck Overture (OVER: news, chart, profile) is slated to report on Thursday.