FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

ShareThird ConversionQuarter Earnings Warning

INTERSHOP Communications Aktiengesellschaft

(Name of Registrant)

INTERSHOP Communications Stock Corporation
(Translation of registrant’s Name into English)

Intershop Tower
07740 Jena
Federal Republic of Germany
(011) 49-3641-50-0
(Address and Telephone Number of registrant’s Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F [X]

Form 40-F [_]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the SEC pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes [ ]

No [X]

If “Yes”is marked, indicate the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

Intershop ~~Consolidates~~ ~~Group~~Announces ~~Structure~~Revised Expectations For Fiscal Year 2003; Company Announces Significant Restructuring Initiatives

~~Founder~~Jena, Germany, July 2, 2003 –Intershop Communications AG (Nasdaq: ISHP; Prime Standard: ISH1) today announced revised revenue and ~~CEO~~EBITDA ~~Schambach~~expectations ~~increases~~for ~~stake~~fiscal toyear 192003, ending December 31, 2003.~~26%~~ Intershop also announced significant restructuring initiatives.

~~Jena~~Due ~~–June~~to ~~18,~~ lower than expected second quarter 2003 -total revenue of approximately Euro 6 million, Intershop ~~Communications~~expects AGto ~~today~~generate ~~confirmed~~fiscal ~~that~~year 2003 revenue in the ~~share~~range ~~swap~~of ~~announced~~Euro on20 ~~January~~million 23to 25 million as well as negative EBITDA (earnings before interest, ~~2002~~taxes, ~~under~~depreciation ~~which~~and ~~CEO~~amortization) ~~and~~of ~~co-founder~~approximately ~~Stephan~~Euro ~~Schambach~~20 ~~has~~million. ~~swapped~~The ~~his~~company ~~shares~~had inpreviously ~~subsidiary~~expected ~~Intershop~~total ~~Communications,~~fiscal ~~Inc.~~year ~~for~~2003 ~~common~~revenue ~~bearer~~to ~~shares~~be inslightly ~~the~~lower ~~parent~~than ~~company,~~last ~~Intershop~~year’s ~~Communications~~total ~~AG,~~revenue isof ~~now~~Euro ~~complete~~45.1 million and a negative EBITDA of approximately Euro 5 million.

~~Under~~Due ~~the~~to ~~transaction,~~weaker ~~Mr.~~than ~~Schambach~~expected ~~exchanged~~revenue ~~his~~in ~~4,166,665~~the ~~shares~~first inhalf ~~Intershop~~of ~~Communications,~~2003 ~~Inc~~of approximately Euro 12.4 million, ~~the~~lower USexpectations ~~subsidiary~~for ~~that~~the isremainder ~~majority-owned~~of bythe ~~Intershop~~fiscal ~~Communications AG~~year 2003, ~~for~~and ~~2,499,999~~an ~~common~~available ~~bearer~~cash ~~shares~~balance of ~~Intershop~~approximately ~~Communications AG.~~Euro To3 ~~this~~million ~~end,~~as ~~Intershop~~of ~~Communications AG~~June ~~issued~~30, 22003,~~499,999~~ ~~new~~Intershop ~~common~~is ~~bearer~~implementing ~~shares~~several ~~from~~significant ~~Conditional~~restructuring ~~Capital III~~initiatives.

~~This~~In ~~increases~~line ~~the~~with ~~number~~revised ofrevenue ~~shares~~expectations offor ~~Intershop~~fiscal ~~Communications~~year AG2003, ~~that~~Intershop’s ~~have~~restructuring ~~been~~initiatives ~~issued~~include bya ~~12,8%,~~significant ~~from~~reduction ~~19,535,300~~in ~~before~~worldwide ~~the~~headcount ~~implementation~~ of ~~the~~445 ~~share~~employees ~~swap~~as toof 22June 30,~~035,299 afterwards~~ 2003. ~~The~~Headcount ~~company~~reductions ~~expects the transaction~~ will ~~dilute~~impact ~~the~~most ~~consolidated~~areas ~~earnings per share for fiscal year 2003 by approximately 6%. As a result~~ of the ~~swap~~company, ~~Mr.~~with ~~Schambach’s interest in~~ the ~~capital~~least ofimpact ~~Intershop~~expected ~~Communications~~in AGresearch ~~has~~and ~~increased~~development ~~from~~as ~~8.93% before~~ the ~~implementation~~company ofseeks ~~the~~to ~~share~~preserve ~~swap~~its tocore ~~19.26%~~technological ~~afterwards~~expertise.

~~The~~To ~~share~~serve ~~swap represents a consolidation of~~ the ~~shareholder~~international ~~structure~~markets, ~~within~~ the ~~Intershop Group between one of the subsidiaries and the parent~~ company, ~~Intershop~~will ~~Communications~~foster ~~AG.~~indirect ~~The~~sales ~~transaction~~through ~~facilitates~~local ~~the consolidation of the ownership structure that arose following the company’s IPO in 1998~~distributors.

In ~~the~~addition ~~course~~to ofthese ~~the~~initiatives, ~~preparations~~Intershop ~~for~~continues ~~the~~to ~~IPO~~explore ofalternatives ~~the~~to ~~newly~~strengthen ~~founded~~its ~~Intershop~~cash ~~Communications AG~~position. inAs ~~1998,~~of ~~Mr.~~June ~~Schambach~~30, ~~was~~2003, ~~granted~~Intershop ~~the~~expects ~~right~~ to ~~swap~~record ~~his~~cash, ~~interest~~cash inequivalents, ~~Intershop~~marketable ~~Communications~~securities, ~~Inc.~~and ~~for~~restricted ~~common~~cash ~~bearer~~totaling ~~shares~~Euro of10.5 ~~Intershop~~million, ~~Communications~~as AGcompared ~~within~~to aEuro ~~period of five years~~16.7 Asmillion aas ~~result~~ of ~~the~~March ~~swap~~31, Mr2003. ~~Schambach’s entire stake in~~ Intershop ~~Communications,~~anticipates ~~Inc.~~that ~~has~~approximately ~~been~~Euro ~~transferred~~5 tomillion ~~Intershop~~in ~~Communications~~currently ~~AG,~~restricted ~~which~~cash will ~~hold~~become ~~100%~~unrestricted ofin the ~~common~~near ~~stock of Intershop Communications, Inc~~future. ~~following the completion of the transaction.~~

~~Investor~~Intershop ~~Relations~~will report complete financial results for the second quarter of 2003 and ~~Press:~~ will provide further details on the restructuring measures on July 31, 2003.

~~Klaus~~Investor F.Relations ~~Gruendel T:~~and ~~+49-40-3641-50-1307 F~~Press: ~~+49-40-3641-50-1002 k.gruendel@intershop.com www.intershop.de~~

~~About~~Klaus ~~Intershop~~F. Gruendel

~~Intershop Communications (Nasdaq~~T: ISHP; Prime Standard: ISH1) is the market leader in Unified Commerce Management, which can create strategic differentiation for companies by integrating online commerce processes across the extended enterprise. Intershop Enfinity, based on the best practices of Unified Commerce Management, enables companies to manage multiple business units from a single commerce platform, optimize their business relationships, improve business efficiencies and cut costs to increase profit margins. By streamlining business processes, companies can achieve a higher return on investment at a lower total cost of ownership, increasing the lifetime value of customers and partners. Intershop has more than 300 enterprise customers worldwide in a broad range of industries, including multichannel retail and high technology. Customers including Hewlett+49-Packard, Bosch, BMW, TRW, Bertelsmann, Otto and Homebase have selected Intershop's Enfinity as the cornerstone of their global online commerce strategies. More information about Intershop can be found on the Web at http://www.intershop.com.3641-50-1307

~~This~~F: ~~news release contains forward~~+49-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward3641-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions. Additional information regarding factors that potentially could affect Intershop's business, financial condition and operating results is included in Intershop's filings with the Securities and Exchange Commission, including the Company's Form 2050-~~F dated June 6, 2003.~~1002

~~Signatures~~k.gruendel@intershop.com

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized~~www.intershop.de

~~INTERSHOP~~About ~~Communications~~Intershop ~~Aktiengesellschaft~~

Date: June 18, 2003/p>	By: /s/ Stephan Schambach
	Stephan Schambach
	Chief Executive Officer
	(Vorstandsvorsitzender)

Intershop Communications (Nasdaq: ISHP; Prime Standard: ISH1) is the market leader in Unified Commerce Management, which can create strategic differentiation for companies by integrating online commerce processes across the extended enterprise. Intershop Enfinity, based on the best practices of Unified Commerce Management, enables companies to manage multiple business units from a single commerce platform, optimize their business relationships, improve business efficiencies and cut costs to increase profit margins. By streamlining business processes, companies can achieve a higher return on investment at a lower total cost of ownership, increasing the lifetime value of customers and partners. Intershop has more than 300 enterprise customers worldwide in a broad range of industries, including multichannel retail and high technology. Customers including Hewlett-Packard, Bosch, BMW, TRW, Bertelsmann, Otto and Homebase have selected Intershop's Enfinity as the cornerstone of their global online commerce strategies. More information about Intershop can be found on the Web at http://www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, general economic conditions, and uncertainty regarding the unlocking of currently restricted cash. Additional information regarding factors that potentially could affect Intershop's business, financial condition and operating results is included in Intershop's filings with the Securities and Exchange Commission, including the Company's Form 20-F dated June 6, 2003.

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