Auf Wiedersehen Wallstrett-Online... - 500 Beiträge pro Seite

[dakinky]

Nachdem es bislang nicht gelungen ist der neuen w:o - Seite einen
anwenderfreundlichen Anstrich zu geben, muß ich nach 2 Wochen
des Testens leider zugeben, daß mir der Spaß auf dieser Seite
vergangen ist. Die jämmerliche grafische Gestaltung und das kleine
(fast unlesbare) Schriftbild zermürben einem die Netzhaut, die neuen
Funktionen können die "alte" intuitive Benutzerfreundlichkeit kaum
aufwiegen, da ich Charts und Kurse eh seit jeher auf anderen Seiten
nachschlage. Das neue Online-Brocking ist das 1000 und 1 auf dem
Markt und wird, meiner Meinung nach, nur Kleckeranteile am Gesamt
markt verbuchen können.
Schuster bleib´bei deinen Leisten, heißt es so schön, und da diese Seite
einmal eine Online-Community mit Nachschlaggelegenheit war, sollten
die Macher überdenken ob sie hier nicht langsam auf den Holzweg
geraten.

Vielleicht kommt man ja eines Tages wieder zur Besinnung und wendet
sich seinen eigentlichen Stärken zu, soll ja auch bei Börsennotierten Firmen
so sein. Bis dahin sehen wir uns auf anderen Boards. Danke

dakinky

[snoll]

Ich weine, aber die Besten gehen eben immer.

Viel Spaß auf den anderen Boards, ich werde dich vermissen.

Ist bestimmt cool nur noch ein 100stel ein Postings lesen zu können/müssen.

Bis bald

[kira66]

Selten hat mir jemand so aus der Seele gesprochen.

Die Depotverwaltung ist derart grausam geworden, daß mir
der Spaß vergangen ist.
In der ersten Woche war Prtfolio 1 vollkommen verschwunden,
jetzt ist es wieder da, aber ich kann täglich Werte nach-
schlüsseln, um dann festzustellen, daß am nächsten Tag
andere wieder weg sind.
Ich werde jetzt das ganze mal bei Handelsblatt testen.
Wallstreet online, das für mich früher die beste Börsen-
seite überhaupt war, ist für mich gestorben.

Gruß
Schlobo

[seilan]

Ganz eurer Meinung!!!!!
Entlassen sollte man die Burschen, die aus einer gut gestalteten und übersichtlichen Sache (hab`hier bei WO gerne mal ins Board geschaut!) so einen Bockmist gemacht haben!
Wo gibts ähnliche Boards, Threads, etc.??

[didi58]

Es scheint so auszusehen als hättet Ihr auf grün umgeschaltet und jetzt sind alle weg.
Eure Wachtlists, Portofilos, meine zum Teil auch und was allen sauer aufstöst sind FEHLENDE KURSE

WALLSTREET OHNE KURSE !!!!!!!!!!!!!!!!!!

Na dann Gute Nacht

Bitte die Einblendung: BITTE NICHT STÖREN

und an alle anderen:"immer schön cool bleiben!"

[Sinnvoller]

Meine Meinung !!

[Sinnvoller]

.

[Sinnvoller]

.

[Sinnvoller]

4.0

[dakinky]

Schon wieder fast eine Woche rum und es hat sich nichts geändert hier.
Beiträge und Aktien werden nicht gefunden, User-Info ist nicht abzurufen
und ich muß den Browser auf 200%ige Vergrößerung stellen um die
Schrift zu erkennen (das bei einem 21Zoll-Monitor!!!). Will sich w:o vor
Ihrem Börsengang etwa selbst lahmlegen. Ich verstehe das einfach
nicht!

So genug der Kritik (ich hoffe sie wird von w:o überhaupt wahrgenommen!)

Ich habe eben über meine Lieblingsaktie einen Research-Bericht
gefunden, den ich den Brillenträgern natürlich nicht vorenthalten
möchte: COMMERCE ONE

First Union Securities Covers CMRC
By: First Union Securities
12/4/00 8:29:00 AM

Morning Notes:

Visit the CNET Brokerage Center for daily reports from the top Wall Street analysts.

REAFFIRMING AGGRESSIVE STRONG BUY STANCE ON CMRC SHARES
Commerce One (CMRC–OTC)

PRICE: $28 7/8
52-WEEK RANGE: $165–$29


KEY POINTS

-- Current valuation implies upside of greater than 60% and limited downside, in our opinion.

-- Expecting license revenue acceleration from megaexchange deals closings in Q400 and Q101.

-- CMRC in the two spots of high demand; indirect procurement and private exchanges.

-- Expected network revenue acceleration in Q400 and Q101 as additional exchanges go live and ramp the number of transactions

-- Channel checks reveal good work at Covisint and strong SAP relationship with a solid joint product, thoughtful product design.

-- Reaffirm Strong Buy rating based on projected revenue momentum in 4Q00 and 1Q01 and relative valuation.

-- Our target price of $130 is based on 30x our 2001 revenue estimate

DISCUSSION

We are reaffirming our Strong Buy rating on CMRC shares based on valuation and the prospects for especially strong revenue momentum over the next two quarters. We highlight the following key points:

-- Our fundamental analysis shows a “base case” value for this stock from $50 to $75. Our most conservative discounted future earnings analysis assumes a conservative top line growth rate of 50% from 2002 until 2005, a terminal operating margin of 15% and a 50x price-to-earnings multiple discounted back at 20%. We do not believe that CMRC shares will trade at parity to their growth rate, but even so we arrive at a value of $50 based on this analysis. Our discounted cash flow and EVA analysis arrives at results ranging from $65 to $75 range with a terminal value of 8x revenues, in line with current comparables. Base on our analysis, it is our belief that in the most recent market downdraft, CMRC shares have been oversold and represent a superior opportunity for risk oriented investors.

Why are we bullish on this stock in the midst of the current difficult market. We believe that financial results for CMRC will be ahead of investor expectations over the next two quarters due to:

-- Expected license revenue acceleration from megaexchange deals closings in Q400 and Q101. We see an additional $50 - $60 million in revenue from Q3 agreements to power six additional megaexchanges. The duo of Commerce One and SAPMarkets won megaexchange business at Enporion (energy), eHITEX (high tech), ForestExpress (paper products), Quadrem (mining and metals) and two other as yet unannounced exchanges in Q3. However, no revenue was recognized or booked as deferred revenue in Q3. Therefore, we expect Commerce One to recognize an additional $50 - $60 million of license revenue over the next several quarters, and roughly $15 million in the current quarter.

-- CMRC in the two spots of high demand; indirect procurement and private exchanges. We believe that CMRC is the best positioned company to take advantage of two trends in the marketplace that will continue to evolve into 2001: indirect procurement and private exchanges.

Phase IA: Indirect procurement. Indirect procurement provides immediate ROI for companies that purchase the software and requires a low level of integration. Our channel checks have indicated that demand remains strong for this solution and we note that CMRC’s network revenues are derived from activity in indirect procurement.

Phase IB: Private Exchanges. CMRC already manages on of the most successful private exchanges, GM Tradeexchange and its partnership with SAP should yield greater penetration into this phase of B2B where corporations are creating ebusiness application platforms that get their own house in order and bring their trading partners online.

Phase II: The direct goods market. We believe that with the SAP relationship, CMRC is the best competitive position to attack both the indirect and direct markets. Our checks with industry consultants indicate that the SAP supply chain management product is robust but poorly marketed, an aspect that may change with the new CMRC relationship. Counter to industry comments, the joint effort appears to be strong and should surprise skeptical investors. Finally, we hear that CMRC is doing an excellent job and Covisint relative to other vendors leading to a great referenceable client when this exchange goes live. Through the SAP relationship, we believe that CMRC is well positioned to take advantage of the transition from indirect to direct goods, capturing strong revenue growth through the transition phases.

Additional channel checks reveal that CMRC has spent time creating content engine that could yield to market share gains over next 12 months. A consultant working on a competing implementation noted that a lack of integration at this competitor contrasted with CMRC’s solid foundation and the ease of implementation at CMRC versus competitors.

-- Expected network revenue acceleration as additional exchanges go live and ramp the number of transactions. Commerce One increased its number of marketplace customers to 107 in Q3 from 72 in Q2. Of the 47 marketplaces that were live at the end of Q3, less than 20% contributed to Q3 network revenue of $10.1 million. We believe this presents a significant opportunity and network revenue will accelerate dramatically over the next several quarters. We estimate network revenue will grow to $120+ million by Q4 2001, or 15% of total revenue and eventually drive 40% of total revenue by 2003.

INVESTMENT OPINION

We believe that the current valuation provides compelling risk/reward characteristics for risk oriented investors. While we do not expose catching falling knives, we believe that the valuations we are deriving from our conservative forecasts capture the reduced downside risk and strong potential upside appreciation in these shares over time. We believe that this quarter and next will provide investors with reaffirming confidence that CMRC is benefiting from its strong competitive position. Our target price of $130 is based on 30x our 2001 revenue estimate and is based on more aggressive assumptions than the base case exposed above.

Additional information is available upon request.

First Union Securities, Inc. maintains a market in the common stock of CMRC.

This is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments mentioned. Interested parties are advised to contact the entity they deal with, or the entity that has distributed this report to them. The information has been obtained or derived from sources believed by us to be reliable, but we do not represent that it is accurate or complete. Any opinions or estimates contained in this information constitute our judgement as of this date and are subject to change without notice. First Union Securities, Inc. (“FUSI”), or its affiliates may provide advice or may from time to time acquire, hold or sell a position in the securities mentioned herein. FUSI is a subsidiary of First Union Corporation and is a member of the NYSE, NASD and SIPC. Copyright © 2000 First Union Securities, Inc. FUSI is a separate and distinct entity from its affiliated banks and thrifts.SECURITIES: NOT FDIC-INSURED • NOT BANK-GUARANTEED • MAY LOSE VALUE