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

To: chuckj who wrote (1935)	10/2/2003 2:11:47 AM
From: Neil H	Read Replies (1) \| Respond to of 1938

Not an overly rosy report Dow Jones Business News Commerce One Updates Guidance For 3Q Thursday October 2, 1:07 am ET PLEASANTON, Calif. (Dow Jones)--Commerce One Inc. said it expects third-quarter license revenue of $850,000 and services revenue of $4.6 million. A year ago, the company reported license revenue of $8.5 million and services revenue of $17.9 million, for a total of $26.4 million in 2002 third-quarter revenue. In a press release Wednesday, the business-to-business company also said it expects a $14 million cash balance for the same period, with $10.5 million to $ 11 million of that cash unencumbered. In addition, the company expects to implement a two-week furlough plan for certain U.S.-based non critical employees.