Commerce One Goes High, Wide and PeopleSoft
D. Geller - December 22, 1999

Event Summary

Commerce One (NASDAQ: CMRC) announced a broad range of initiatives in E-procurement. Continuing in its apparent strategy to dominate E-procurement outside of the United States (See TEC News Analysis article: "Commerce One to Procure for the Antipodes...and Elsewhere"), the company will partner with TD Bank Financial Group (NYSE/TSE: TD) to build an electronic marketplace and trading portal in Canada. TD Bank Financial Group is a Canadian firm that has already developed a number of Internet-based businesses. TD will manage the new marketplace and will offer E-commerce services to the bank's customers and to other Canadian firms. A similar venture with Grupo Financiero Banamex-Accival ('Banacci') will offer a marketplace in Latin America...