(editiert)
On Wednesday, Robert Schwartz of Thomas Weisel Partners took his turn at the whipping post, stinging Commerce One with a report that questioned the company`s ability to win customer orders for direct procurement software and software that helps companies buy the goods needed in the manufacturing process.
The report, which downgraded Commerce One to a "market perform" from a "buy", was issued after Commerce One lost the large b2b-marketplace Converge (formerly known as eHitex) to VerticalNet, an industry-sponsored marketplace for the electronics industry that counts Hewlett-Packard (HWP), Advanced Micro Devices (AMD), Compaq (CPQ), Solectron (SLR), Hitachi (HIT) and others as founding members ...
'This is a major rejection of Commerce One`s software and they need to show big wins in direct procurement, which is a very important segment' Schwartz said.
Thomas Berquist of Goldman Sachs, referring to the same lost account, said Wednesday that Commerce One could have a tougher time meeting or exceeding estimates next year.
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