Epoch Partners Issues Research Note on Commerce One Inc.

Friends in High Places



Apr 19, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 19 /PRNewswire/ -- Epoch Partners, Inc. today
 announced it has issued a Research Note on Commerce One Inc. (Nasdaq:   CMRC).
 The Note is available for free to investors through the Epoch Web site
 (www.epoch.com).
     The Research Note, issued by Mark Verbeck , Senior Research Analyst for
 Software, discusses the current investment thesis of Commerce One Inc.
 Highlights from the report include the following:
 
 -- Commerce One reported full 1Q results that matched preliminary numbers it
 gave during its preannouncement. Additional balance-sheet details, including
 higher DSOs and lower deferred revenues, were consistent with our
 expectations.
 -- The company's partnership with SAP gives us confidence that it can meet
 reduced expectations and break even by the end of the year. An expanded
 relationship with Microsoft as part of Microsoft's .NET initiative, to be
 detailed at Commerce One's eLINK conference, could drive upside in the long
 term.
 -- With meaningful earnings several quarters away, we expect the stock to
 trade in-line with other e-business vendors as Commerce One moves toward
 profitability.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:  Ariba,
 Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics Group,
 MatrixOne, Inc., Oracle Corporation, Project Software & Development, Inc., and
 Pivotal Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector. To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware .
     The information contained herein is based on sources believed to be
 reliable but is neither all-inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners. This
 document has been published in the United States for Residents of the
 United States.
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 19 /PRNewswire/ -- Epoch Partners, Inc. today
 announced it has issued a Research Note on Commerce One Inc. (Nasdaq:   CMRC).
 The Note is available for free to investors through the Epoch Web site
 (www.epoch.com).
     The Research Note, issued by Mark Verbeck , Senior Research Analyst for
 Software, discusses the current investment thesis of Commerce One Inc.
 Highlights from the report include the following:
 
 -- Commerce One reported full 1Q results that matched preliminary numbers it
 gave during its preannouncement. Additional balance-sheet details, including
 higher DSOs and lower deferred revenues, were consistent with our
 expectations.
 -- The company's partnership with SAP gives us confidence that it can meet
 reduced expectations and break even by the end of the year. An expanded
 relationship with Microsoft as part of Microsoft's .NET initiative, to be
 detailed at Commerce One's eLINK conference, could drive upside in the long
 term.
 -- With meaningful earnings several quarters away, we expect the stock to
 trade in-line with other e-business vendors as Commerce One moves toward
 profitability.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:  Ariba,
 Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics Group,
 MatrixOne, Inc., Oracle Corporation, Project Software & Development, Inc., and
 Pivotal Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector. To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware .
     The information contained herein is based on sources believed to be
 reliable but is neither all-inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners. This
 document has been published in the United States for Residents of the
 United States.
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 SOURCE  Epoch Partners, Inc.