Connect to Sport Calico Label
D. Geller - November 23, 1999

Event Summary

ConnectInc.com (Nasdaq: CNKT), a visionary but unsuccessful vendor of E-commerce software, was purchased by Calico Commerce Inc. (Nasdaq: CLIC) in a stock swap valued at about $90 million. ConnectInc.com began life as a vendor of expensive E-commerce servers targeted to hosting companies and large enterprises. With few customers and a faltering stock price, the company fell back and retrenched, emerging with a more open suite of products offering catalog and order processing capabilities. Calico, a recent Wall Street darling, specializes in software that helps online customers purchase complex products; its customers include Dell and gateway. Calico claims that integrating the product lines will be easy, and promises a December launch of the resulting product...