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Technology Stocks : CNQR - Concur Technologies
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To: Early Out who wrote ()10/11/1999 6:25:00 PM
From: Jbenz0  Read Replies (1) of 374
 
Steve Harmon on CNQR:
Dear Steve Harmon,

We would like to build some positions in B2B. What do you think of
VFND, CNQR, and BIDS. We'd also like to invest in DSL. What do you
think of ATON?

=>reply: VirtualFind (VFND) looks like a very high risk investment to
me, way too early and a mixed bag that isn't all Internet.

Concur (CNQR), on the other hand, offers what I think a migrational
opportunity = enterprise to Web. In the olden days it was a enterprise
software solutions provider. But now I see it as a Web-enabler for
automating human resource, expense reporting, and procurements, a
slight twist. Concur's processes can save businesses as much as 90% of
the old way of doing some of these tasks.
Staffing costs gave it a $34 million loss for the first six months of
this year which I think is heavy. Revenue more than doubled to $28
million. At $272 million market cap there may be some value here if
the costs can be contained by Q1, Q2 of next year.

Bid.com (BIDS), the basic surplus auction space has been commoditized
and Bid.com is a "me too" player, largely driven by hype after listing
on NASDAQ from the Canadian exchange.
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