Tuesday, November 04, 2003

InfoWorld: Commerce One cuts staff, considers selling assets: November 03, 2003: By : Applications

InfoWorld: Commerce One cuts staff, considers selling assets: November 03, 2003: By : Applications: "Struggling software vendor Commerce One Inc. has cut 40 percent of its staff and hired a bank to explore the company's options, including a sale of some or all of its businesses.
The company's grim news came late last week as it announced its third-quarter results, which included a 78 percent decline in revenue, from $23.4 million in last year's third quarter to $5.7 million in this year's. Services revenue contributed most of that total, with software license fees bringing in $906,000."

i2 is undergoing a similiar metamorphosis.
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