CNET: Commerce One melting down

Commerce One, one of the most promising e-commerce firms of the 1990s announced in an SEC filing that it will likely face liquidation. A move from business-to-business marketplace management to web services failed to revive the ailing company's fortunes. It has about $700,000 left in working capital, much larger debts and isn't expecting to be able to pay off all creditors if and when it declares bankruptcy.