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c1 mit gewinnwarnung!!!!!!!!!!! Commerce One sees Q2 revenues below expectations NEW YORK, June 29 (Reuters) - Commerce One Inc. (NasdaqNM:CMRC - news) said on Friday it expects second-quarter revenues to be lower than Wall Street expectations, dampened by poor economic conditions that have hit its customers. The Pleasanton, Calif.-based company, which makes marketplace software to bring together buyers and suppliers over the Web, said it expects revenues for the quarter to June 30 to be about $100 million to $120 million. Wall Street analysts polled by Thomson Financial/First Call are on average expecting the company to post revenues of $162 million for the quarter. ``While we continue to see growth in our pipeline, poor economic conditions significantly extended our customers` decision cycles during the quarter, especially in Europe,`` Commerce One Chairman and Chief Executive Mark Hoffman said in a statement. The company earlier this week failed to win shareholder approval for a management proposal to make Commerce One into a holding company and give it a potentially lucrative stake in Covisint, the online exchange of the auto industry. Commerce One also said it has expanded its alliance with SAP AG (NYSE:SAP - news), Europe`s largest software maker, with SAP agreeing to invest an additional sum of up to $225 million in the company. Following the investment, SAP will own about 20 percent of Commerce One outstanding common stock, including the Commerce One shares it already owns. ``We remain cautiously optimistic regarding the second half of the year, based on both the quality of our independent pipeline and the growing joint pipeline with SAP,`` Hoffman said. The deal provides for SAP to receive certain registration and pro-rata rights to buy more shares of Commerce One common stock in the future, besides the right to have a representative on Commerce One`s board of directors. SAP has also agreed to certain limits on its ability to transfer its shares of Commerce One common stock and to acquire more than 23 percent of the company or to attempt to acquire Commerce One in a bid not approved by its board of directors. The investment is expected to close in July or August of this year. Shares of Commerce One rose 13 percent to close at $4.26 on the Nasdaq stock market on Thursday. |
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| aus der Diskussion: | Commerce One --> Countdown to extinction? |
| Autor (Datum des Eintrages): | kleftiko (29.06.01 08:06:42) |
| Beitrag: | 1,528 von 2,018 (ID:3843782) |
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