Commerce One Co-Founder Dies
PLEASANTON, Calif. (AP) _ High-tech entrepreneur Thomas Gonzales, who launched one of the Internet’s brightest stars before the dot-com flameout, has died after a battle with cancer. He was 35.
Gonzales co-founded Commerce One Inc., a Pleasanton company that made software designed to allow businesses to buy and sell products online. He remained Commerce One’s chief technology officer until earlier this year.
``He was very proud of what he had created, of what became Commerce One,″ said Mark Biestman, a company senior vice president who gave Gonzales one of his prized possessions, a black cape bearing a gold letter ``f″ for founder.
After the company went public in mid-1999, Commerce One’s stock soared, reaching its peak closing price of $135.63 in early 2000. The stock plunged along with the Internet economy over the past year. The shares closed at $3.41 Thursday.
Gonzales’ estate owns about 1 percent of the company, worth roughly $10 million.
Gonzales is survived by his father Tom Gonzales of Incline Village; his mother Betty Baker of Oroville; and two brothers, Joel Gonzales of Pleasant Hill and Bernie Baker Jr. of Oroville.