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To: Philip Ng who wrote (1393)	4/28/1999 3:39:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 4337

Tuesday April 27, 2:52 pm Eastern Time Winfield Capital portfolio company plans IPO WHITE PLAINS, N.Y., April 27 (Reuters) - Investment firm Winfield Capital Corp. said on Tuesday that one of its portfolio companies, Commerce One Inc. of Walnut Creek, Calif., is planning an initial public offering of common stock. Commerce One, which provides business-to-business electronic procurement services, filed a registration statement with the U.S. Securities and Exchange Commission Monday. Terms of the offering were not disclosed. Winfield Capital has bought 258,005 shares of Series D convertible preferred stock of Commerce One for $3.4883 per share and 110,375 shares of Series E convertible preferred stock at $4.53. Both the stocks are convertible on a one-for-one basis into shares of common stock of Commerce One. Company officials were not immediately available to further elaborate. Winfield Capital shares rose $1.50 to $43.875 in late morning trade on the Nasdaq.