Back to the Grind
Since I'm just starting a new job, here is a pretty funny article about my last job:
Since I'm just starting a new job, here is a pretty funny article about my last job:
The news that Commerce One (Nasdaq: CMRC) is gasping for breath shocked me a bit. No, not that the company is failing and anticipates a wind down of operations and a potential Chapter 7 bankruptcy filing -- frankly I never understood its business, nor really cared to. What shocked me about Commerce One is that I realized that I had completely forgotten that it existed.It's fitting that this is winding down now. It's kind of a nice bookend.
This is a company that in 1999 had a market capitalization approaching $20 billion. Its success, and that of its industry, seemed assured. The biggest question on people's minds was whether it would dominate business-to-business e-commerce (B2B) or whether rival Ariba (Nasdaq: ARBA) would gain that distinction. B2B was happening, it was coming, it was real. It was going to be a $1 trillion business by 2005!!! The hype was total. Business 2.0 had a cover story on the competition, calling it a "no-holds-barred death match" between the two companies. Well, we have the answer as to which one would survive the battle: Commerce One lost. Trouble is, Ariba didn't win. It's sort of like the old discussions of which Hollywood hunk was America's next big star: Erik Estrada or Adrian Zmed. Zmed may have had more staying power, but he could still probably eat completely unmolested by fans in your average Olive Garden.