Bank technology vendors - from both New and Old Economy backgrounds - are reporting strong earnings this quarter.

Commerce One Inc., which creates business-to-business electronic commerce exchanges and counts Citigroup Inc. among its major customers, increased its first-quarter revenues to $35 million from $2.1 million a year earlier. Its net loss widened to $14 million, from $7.8 million, causing it to lose nine cents a share, three cents less than Wall Street expected. Commerce One's stock rose $22 last week, to $55 at Thursday's close.

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