E-Procurement Energizes Energy
D. Geller - February 4, 2000

Event Summary

Commerce One, Inc. NASDAQ: CMRC] was first out of the gate with its announcement that it will team with Shell (NYSE: RD) to create a new, as yet unnamed, company that will build and manage a Web-based marketplace for the energy industry. Shell will own 75 percent of the company; Commerce One will own 10 percent and 15 percent will be used for employee stock options. In addition, Shell will have an option to buy 4.3 million shares of Commerce One in exchange for shares in the new company, if the venture goes public...