B2B-Meinungen von Analytikern! - 500 Beiträge pro Seite

[Eboerse]

Hallo Zusammen
Ich bin hier auf einen sehr interessanten Artikel gestoßen.
Eine Analyse von 4 Investmenthäuser.
Jeffreys&Co
Robertson Steffons
Dain Rauscher Wessels
Schwartz

Wenn ich das richtig übersetzte veröffentlicht R.S nächste Woche einen 200 Seiten Bericht zu dem Thema B2B
Kurze Auszüge aus dem Artikel:

Für jede B2C Verhandlung,laufen 10 B2B Verhandlungen,
Dain Rauscher Wessels sagt,das B2B Unternehmen die Technik für den Internet Handel in nahezu jedem Industrie Zweig liefern.

Zu der Bewertung folgende Meinung

Commerce One leidet unter dem unfairen Vergleich mit dem Überbewerteten Konkurenten Ariba
Man übersieht die starke position Commerce One in einem Explodierenden Markt.

Es gibt keine Ein Firma Gelegenheit,
es könnte mit der Zeit 40.000 solcher Marktplätze geben

Ariba ist mit dem 51 Fachen des Gewinns des folgenden Jahres Bewertet
Commerce One hingegen mit dem 16 Fachen.

Leute,das ist nicht meine Meinung(natürlich auch) sondern die von Analytikern aus 4 verschiedenen Investment Häusern.
Verdammt Bullishe Ansichten.
Man lasse sich den folgenden Bericht einmal auf der Zunge zergehen.
Inc. der Favoriten der Investment Häuser im B2B

Der Artikel(Quelle wird sofort nachgeliefert):


STOCKS ANALYSIS


Aug 17 2000 4:50PM ET More on One Step Ahead...
4 B2Bs Analysts Say Are Ready to Run

By Hal Plotkin
Silicon Valley Correspondent


Analysts say a handful of business-to-business, or B2B, stocks are positioned to move up over the next 12 months, as business plans in the sector mature and more and more corporate customers spend heavily to build competitive online business platforms.
"Business-to-consumer is all about the last mile in the delivery process; business-to-business is about everything else," says Kash Rangan, an analyst at Dain Rauscher Wessels, based in San Francisco, who initiated coverage on the B2B sector last week.

Like other analysts following the group, Rangan says business plans at the best B2B companies are maturing, moving away from too heavy a reliance on large but hard-to-get per-transaction fees or commissions and toward business models that emphasize value-added services, such as supply-chain management, collaborative design and production, shipping, logistics, sales and order fulfillment.

"For every B2C transaction, there are roughly five to 10 B2B transactions spanning dozens of specific business processes taking place somewhere in the physical world," Rangan says. "The race is on to digitize the operations behind the screen."

"Companies in the B2B space are finding out that if what you offer looks like an e-mail, you’re going to get paid like its an e-mail," adds Rob Schwartz, of Thomas Weisel Partners LLC, based in Minneapolis.

As a consequence, Schwartz says that leading competitive B2B companies are developing more-robust strategies that offer the fullest possible set of solutions to their customers.

That, in turn, will lead to a handful of B2B firms with strong technology platforms rather quickly becoming the nervous system in many vertical industries.

Eric Upin, an analyst at Robertson Stephens, based in San Francisco, is set to publish a 200-page report on B2B stocks next week that will likely give the sector another added boost.

He says B2B firms are providing the battleground on which contests for market share will be played out in nearly every industry imaginable.

"Effective B2B implementations will determine which companies are competitive and which one’s fail to compete," Upin says. "I think that’s something most top corporate managers already understand."

Several other leading B2B analysts agree with at least four of the picks recently singled out by Dain Rauscher Wessels.

Commerce One Inc. {CMRC}

Pleasanton, Calif.-based Commerce One Inc. often suffers in comparison with its larger and more highly valued rival, Ariba Inc. {ARBA}, which most analysts say is the stronger of the two companies. But that comparison may be unfair, they say, because it overlooks Commerce One’s very strong position in an exploding market.


Ariba 52-week stock performance

"There could be 40,000 or more of these online [trading] communities over time," says Richard Williams, an analyst at Jefferies & Co., based in New York. "It’s clearly not a one-company opportunity."

"Commerce One is playing in an incredibly explosive market," agrees John Ekoniak, an analyst with U. S. Bancorp Piper Jaffray, based in Menlo Park, Calif. "And they’re a lot lower priced than Ariba."


Commerce One 52-week stock performance

Ariba’s stock currently trades at about 51 times its anticipated next year revenue, while Commerce One trades closer to 16 times expected earnings for next year.

Ekoniak says Commerce One’s stock, which he rates "strong buy" may not be worth the premium valuation afforded to Ariba’s stock. But he also says it appears undervalued at its current levels.

Commerce One Analyst Opinions
Strong Buy 9
Buy 14
Hold 0
Sell 0
Strong Sell 0
"Ariba is ahead," Ekoniak concedes. "But in many ways, they are almost neck and neck. The valuation differential I see today does not reflect that, but I think it will."

Rangan has a 12-month price target of 56 on the stock, along with a "buy-aggressive" rating.

"We believe Commerce One is likely to issue upward [revenue] guidance, probably in early September," Rangan wrote in his recent report.

FreeMarkets, Inc. {FMKT}

Pittsburgh-based FreeMarkets Inc.’s stock took a beating earlier this year after General Motors Corp. {GM} left the company at the altar and decided to cast its lot with rival Commerce One.


FreeMarkets 52-week stock performance

"That created a fair amount of skepticism about the stock," Upin says. "But to their credit they have not missed a beat. That memory hurts them, and there is also a lot of skepticism about [online] marketplaces. But that’s why I like it. If you look a couple of years out, FreeMarkets could be a very large company."

Upin has a "buy" rating on the stock. He has not set a price target.

Among other things, FreeMarkets offers a reverse-auction platform that increases the efficiency of the procurement process. The company has a database of more than 150,000 suppliers who, together, are building the critical mass needed to bring in more customers and suppliers across a wide range of industries.

"We’re also recommending the stock," says Chris Vroom, an analyst at Credit Suisse First Boston, based in San Francisco.

Vroom currently has a "buy" rating on the stock, along with a 12-month price target of 85.

"We think the demand for the company’s solution will continue to grow very rapidly," Vroom says. "We believe these marketplaces will become very important business intermediaries. The concept is relatively unproven today. But we will be getting a series of positive announcements from the auto, aerospace, energy industries and others that will allay investor concerns."

Rangan has a "buy-speculative" rating on the stock, along with a 12-month price target of 72.

"The FreeMarkets story is a real and powerful one as exemplified by the tremendous price savings delivered by its reverse-auction platform, a marquee customer base, and a strong management team," Rangan says.

i2 Technologies Inc. {ITWO}

Irving, Texas-based I2 Technologies Inc. is at the top of many B2B analysts’ recommended list. The company’s focus on supply-chain management issues predates the Internet and positioned it squarely in the exact market niche many newer competitors are trying to crack.

i2 Analyst Opinions
Strong Buy 8
Buy 19
Hold 3
Sell 0
Strong Sell 0
"I2 has staged a remarkable and agile transformation from its supply-chain software roots into a company that is arguably second to none in terms of the depth of understanding of the B2B phenomenon," Rangan wrote last week.

The Dain Rauscher Wessels analyst put a "strong buy-aggressive" rating on the stock, along with a $180 12-month price target.


i2 Technologies 52-week stock performance

Rangan says that i2’s recently closed acquisition of Aspect Development Inc. created a backlog of deals that should show up on the company’s already-surging balance sheet in the current third quarter.

"IBM {IBM} was a customer of both i2 and Aspect before they decided to merge, so we already had a high opinion of their products," says Greg Conley, IBM`s general manager of e-markets, when the deal was finalized in June.

"Now, that they`ve pooled their talents, they`ll be an even more valuable source of B2B solutions and services. This also strengthens the alliance that IBM has with i2. So overall, it`s a terrific move from our perspective," Conley says.

I2 posted particularly impressive numbers for its June quarter, with year-over-year revenue from software license growth increasing by 80 percent, as compared with an average 50 percent increase during the previous several quarters.

"We love i2," agrees Robertson Stephens analyst Eric Upin. "It’s one of our top favorites."

Upin rates the stock "buy," though he doesn’t have a price target.

"Valuation calls are always harder to make than calls on fundamentals," Upin says. "But we’re looking for $1.5 billion in top line revenue for 2001 ending in December. We could see a couple of hundred million more over that. We could also see operating margins expand from 10 or 11 percent to the mid-teens, which would give them a significant amount of bottom-line leverage."

"It’s all about the supply chain," Upin says. "That’s where i2 is the strongest."

VerticalNet Inc. {VERT}

The analysts say Horsham, Pa.-based VerticalNet Inc. hasn’t gotten the respect commensurate with its early success creating and managing its NECX and American IC Exchanges, which are online marketplaces for spot trading of electronics and semiconductor components.

Rangan cites several reasons for the $55 price target he put on the stock last week, along with his "buy-aggressive" rating. Several other analyst cite similar reasons and have even higher price targets moving forward.

In addition to the firm’s successful track record in its first vertical market, VerticalNet is also benefiting from its partnership with Microsoft Corp. {MSFT}, which has made a commitment to resell 80,000 VerticalNet storefronts over a three-year period. The deal means as much as $160 million in revenue for VerticalNet. More importantly, it also positions VerticalNet as the key enabler in markets served by those new storefronts.

A few analysts have expressed concerns that VerticalNet may be, well, too vertical, given its dependence on its core electronics market and its deal with Microsoft.

"They had a great quarter, but I’d like to see a little more," says Upin, who nonetheless rates the stock a "buy."

"They’re very concentrated with e-commerce in electronics and with Microsoft," Upin says. "The stock could be a big mover, but we’ll need to see some more diversity. VericalNet is a work in progress, but you can’t build Rome in a day."

Upin says it will probably be a few more quarters before the company gets the traction it needs in other vertical markets.

Tim Klein, an analyst at U.S. Bancorp Piper Jaffray, based in Minneapolis, says investors might not have to wait that long.

"Electronics is just their first one," Klein says, adding that it is a business line that is posting annual growth of 38 percent a year, on a pro-forma basis.

"I’m looking for an announcement before year’s end of one, maybe more, ‘Old Economy’ industries looking for a platform that will be turning to VerticalNet," Klein adds. "I’m confident they’ll be able to leverage their success."

Klein currently has a "strong buy" rating on the stock, along with a 12-month price target of 88.








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[Fivecats]

Was für Analytiker? Psychoanalytiker?

[4604]

Tja,ich glaube es wird ein ganz heisser Herbst/Winter geben was B2B angeht.
Das Potential ist gigantisch,sobald B2b anfangt Konturen anzunehmen.

An den News die fast täglich reinflattern,gibts für mich kein Zweifel dass das B2B-Model
erfolgreich sein wird.Das interesse der Wirtschaft an B2B Lösungen nimmt ständig zu.

Ich bin mal gespannt wie die nächsten Q-Zahlen ausfallen.

[Sstocktrader]

Hi.

Ich teile die euphorischen Aussichten des B2B Sektors.

Doch muß ich noch eins anmerken.
Ariba wird nicht mit dem 51 fachen des Gewinns bewertet, sondern mit dem 51 fachen der erwarteten Umsätze.
Das gleiche gilt für CommerceOne, sonst hätte CMRC ein KGV von 16, und dies wäre ja dann mehr als ein Schnäppchen.


MfG Sstocktrader... .

[superbuschi]

Nachdem gestern die B2B- Werte der zweiten und dritten Reihe angezogen haben, dürfte heute die erste Reihe dran sein und hier besonders Commerce One!!!

CMRC- Stay strong$$$

[=>AlterSchwede]

.....wir machen gerade bei erstaunlich geringen Umsätzen einen erstaunlich großen Schuss nach unten, also hör endlich auf mit dem Scheiß, superbuschi.......

sorry, aber ich bin derzeit einfach nicht drauf aus, auf solche $$$$$$$$$$$$$$$$$$$$$$-Meldungen, ich denke das ist verständlich

Alles Gute

AS..