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 : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: Manx who wrote (854)	4/5/1998 7:30:00 AM
From: jd	Read Replies (1) \| Respond to of 3990

<does Pandesic focusing on U.S. hurt Cybercash> Actually, it is quite the contrary. Pandesic should hopefully be a major contributor to Cybercash's bottom line since they license Cybercash's software. This is good news.

To: Manx who wrote (854)	4/5/1998 10:47:00 AM
From: Dave Doriguzzi	Respond to of 3990

Note two paragraphs from bottom: Pandesic Restructures Its Operations (04/03/98; 7:39 p.m. EST) By John Evan Frook, InternetWeek Internet electronic commerce software vendor Pandesic LLC, a joint venture of SAP and Intel, today shook up top management and restructured operations. Out of the mix on May 31 is chief executive officer and president Bryan Plug, with Pandesic chairman Harold Hughes assuming control of day-to-day operations. Moving forward, Pandesic said it will focus on U.S. operations, strengthen its sales channel and respond better to customer feedback in evolving its product. Plug could return to SAP in a senior management role, Pandesic said. The shake-up is significant for the company. By virtue of its SAP/Intel bloodlines, Pandesic has been closely watched in the Internet electronic commerce software market since its debut in August. The commerce platform has been widely viewed as a vehicle for driving trading-partner relationships among enterprises running SAP R/3 systems and second- and third-tier suppliers, who could use Pandesic e-business products to produce industrial catalogs, process orders and report on the logistics of delivery. However, much of Pandesic's early activity has centered on public Web merchant sites, and few successes in the industrial arena have yet been reported. Its public customer wins include Kosher Grocer, San Jose Symphony and Sun Fruit Co. In addition, one of its most recent deals was to acquire front-end catalog development tools primarily aimed at Web merchant sites. On the flip side, Pandesic made clear today that significant progress in the development of its business has been made. It has released a product, beefed up internal operations to 100 employees, landed 30 channel-partner sales agreements and produced a hosted product that lowers the cost of entry for merchants. In addition, Pandesic has lined up United Parcel Service, CyberCash and Hewlett-Packard to handle the shipping, payment and security issues of Web sales. As a result of today's changes, Pandesic said it would delay opening its European offices, originally scheduled for next month, until later this year or early 1999. A Pandesic spokesman confirmed that differences arose between Hughes and Plug over international expansion plans. In fact, Plug has been in Asia and Europe of late, pitching Pandesic's global promise. At a recent board meeting, Hughes won permission to focus efforts exclusively on the U.S. market, the spokesman said.