To: SMALL FRY who wrote (29939 ) 3/29/1999 9:34:00 AM From: ayahuasca Read Replies (1) | Respond to of 120523
BVSN... March 29, 1999 08:05 Prestigious Analyst Firms Rank BroadVision the E-Commerce Market Leader IDC and ABN Amro Inc. Rank BroadVision Above Other E-Commerce Vendors REDWOOD CITY, Calif., March 29 /PRNewswire/ -- According to several prestigious industry and financial analyst firms, BroadVision, Inc. (Nasdaq: BVSN) is the definitive e-commerce market leader. According to recent International Data Corp. (IDC) figures, BroadVision led Ariba, Intershop, IBM, Open Market, Oracle, and even Microsoft in 1998 software license revenues for e-commerce applications. A current First Call Research report published by ABN Amro indicates that BroadVision increased its market share in 1998, relative to other competitors including Open Market, InterWorld, Vignette and Art Technology Group. In addition, Bloomberg Personal Finance this month ranked BroadVision 67th for highest total return yield percentage year-to-date for 1999. BroadVision was the only Internet commerce vendor listed in Bloomberg Financial's Top 100 Stocks. The data, from multiple independent sources, validates that BroadVision, the leading supplier of one-to-one e-business applications for relationship management across the extended enterprise, continues its strong momentum as the e-commerce industry leader. The Numbers Tell The Story According to the recent figures from IDC on e-commerce software applications revenue, BroadVision is far outpacing most other players in the market. The IDC 1998 revenue ranking that appeared in The Wall Street Journal on March 4, 1999 was: Rank Company Revenue 1 Netscape $42 M 2 BroadVision $36 M 3 Ariba $25 M 4 Oracle $25 M 5 Open Market $23.4 M 6 Intershop $13.1 M 7 IBM $10 M Microsoft was ranked 14th, with e-commerce software applications revenue of $10 million in 1998. According to a recent ABN Amro Inc. report, BroadVision maintains "its leading market share position in electronic commerce software market and is right on-track for further growth." According to the report, BroadVision had 24% of the market in 1998, measured in terms of e-commerce software license revenue. Other vendors cited in the report have significantly smaller positions and some, including Open Market, show sizable losses in market share positions when comparing 1997 to 1998. According to the research document BroadVision's success could be attributed to "success stories at many satisfied customers, such as American Airlines and RS Components." "I've followed the marketing services industry for over 14 years and have watched it evolve from direct mail to interactive marketing over the Internet," said Jackson Spears Jr., ABN Amro analyst. "BroadVision is well positioned as the leader in e-commerce software because the company has innovative products and the strategic vision to take advantage of this trend -- as evidenced by its high quality Fortune 500 customers." Bill Burnham, e-commerce analyst with Credit Suisse First Boston said, "BroadVision's focus has helped the company. They hit the nail on the head from the outset. Their focus from the get-go was how to create an application that allows companies to take advantage of the unique capabilities of the Internet. I would love to be a salesman for BroadVision." "Since BroadVision's inception, we realized the importance of leveraging the Internet for personalized service, customer retention and extending relationships beyond the traditional enterprise," said Dr. Pehong Chen president and CEO of BroadVision. "BroadVision is the e-commerce leader because of our proven, patented technology and our one-to-one applications which enable companies to transform the Internet into a dynamic business channel."