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Technology Stocks : CNQR - Concur Technologies

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To: TH who wrote (178)12/20/1999 4:49:00 AM
From: Lane Hall-Witt   of 374
 
An earnings or revenue shortfall this quarter would be a devastating blow for CNQR. I have to believe that the company gave extremely conservative guidance after the fiasco last quarter -- witness the huge downward revisions in earnings estimates that came along with the wave of downgrades when CNQR pre-announced. I've been mildly concerned that CNQR has announced relatively few new customers this quarter, because this obviously is an important gauge of growth. But CNQR likely doesn't announce new clients until the product integration is already well underway, so it's hard to tell how many unannounced new clients might be in the fold right now.

My belief (hope!) is that management understands that the company has to deliver this quarter and that they have the bar set properly to meet or exceed expectations. Until earnings-warning season is over, though, I guess we'll all have to hold our breath.
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