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The B2B Draft Hits New Heights

Jim Cramer

11/29/99 - 03:49 PM EST

"We have seen the top in the B2B market."

Join the discussion on Cramer's Latest, go to the Red Hots Forum, or visit our B2B Forum.

That's the judgment Jeff Berkowitz rendered when he poked his head into the Cramer Berkowitz conference room after he heard the roars of laughter coming from our B2B draft.

"You don't get that kind of laughing at the bottom," he pointed out sagely. Indeed, the draft has come and the yuks with them. We didn't do a traditional NFL-type draft, instead putting all of the names into a TheStreet.com coffee cup and picking them out one by one and then bidding on them. With a mythical one million dollars at stake and each team requiring ten players, the bidding was quite spirited -- so spirited that you will have to wait until after the close to find out how each round went.

In the meantime, here are the teams:

B2B DRAFT: JIM
Stock $ Allocated 11/26 Price Shares Owned
CareInsite (CARI:Nasdaq) 25,000 52.25 478
BEA Systems (BEAS:Nasdaq) 125,000 94.50 1,322.75
Ask Jeeves (ASKJ:Nasdaq) 125,000 141.13 886
Proxicom (PXCM:Nasdaq) 100,000 70.75 1,413
Viant (VIAN:Nasdaq) 50,000 86.88 576
Retek (RETK:Nasdaq) 25,000 52 481
VerticalNet (VERT:Nasdaq) 150,000 94.25 1,592
Commerce One (CMRC:Nasdaq) 125,000 317.88 393
Ariba (ARBA:Nasdaq) 150,000 200.75 747
PurchasePro.com (PPRO:Nasdaq) 125,000 138.44 903

B2B DRAFT: MATT
Stock $ Allocated 11/26 Price Shares Owned
Verisign (VRSN:Nasdaq) 175,000 198 884
Scient (SCNT:Nasdaq) 125,000 140.50 890
Stamps.com (STMP:Nasdaq) 50,000 83.94 596
BroadVision (BVSN:Nasdaq) 175,000 111 1,577
Internet Capital (ICGE:Nasdaq) 175,000 169.13 1,035
Siebel (SEBL:Nasdaq) 50,000 71.25 702
Tibco (TIBX:Nasdaq) 25,000 114 219
Razorfish (RAZF:Nasdaq) 25,000 72.69 344
Oracle (ORCL:Nasdaq) 50,000 73.63 679
Sapient (SAPE:Nasdaq) 150,000 79.75 1,881

Brokerage Partners