, on the heels of announcing record revenue for the
third quarter, said it is teaming up with e-commerce solutions provider
Commerce One Inc.
in a three-year deal to deliver integrated
and scaleable e-commerce solutions.
The agreement includes the formation of a joint engineering laboratory and a
joint marketing fund, further extending Commerce One’s relationship with Intel.
Financial arrangements were not disclosed.
The companies said they will establish an engineering laboratory at the
Commerce One Cupertino, Calif., campus, where they will jointly test and optimize
Commerce One’s e-procurement and e-marketplace solutions to ensure that they
are fine-tuned for deployment on current and future Intel platforms.
Additionally, the companies will collaborate on multiple engineering projects
that will take advantage of the work Intel is doing to provide building
blocks for the Internet economy.
“Intel architecture currently powers Commerce One’s Global Trading Web (B2B)
e-marketplaces, so it was a natural step to work with Commerce One to
continue to build best of class e-commerce solutions,” said Sean Maloney,
senior vice president
of sales and marketing for Intel.
“Our work with Intel further demonstrates our commitment to deliver open,
e-commerce solutions that allow businesses to trade with anyone, anytime,
anywhere in the world,” said Chuck Donchess, chief strategy officer for
Intel reported third-quarter revenue of $8.7 billion, a new quarterly record.
Earnings came in at 41 cents per share; analysts surveyed by First Call had
expected 38 cents. The company’s stock was up about 50 cents in early
trading, in a market that was trending south rapidly and had dipped below the
bellwether 10,000 mark for the Dow.