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Technology Stocks : CNQR - Concur Technologies

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To: Early Out who wrote (1)12/5/1998 12:57:00 PM
From: 4 - Bob  Read Replies (2) of 374
 
I read the 115 page online Concur Technologies preliminary prospectus in the pdf format. I thought the overall tone was very negative on future earnings and risk factors. This seem to be reflected in the anticipated ipo price range($9.5 -$11.5). Even with this in mind, I placed an indication of interest with E*TRADE for the following reasons.

1) I wanted to get a feel for how the IPO process works with E*TRADE.
2) Very little chance of disappointment, since my expectations are already low based on the company prospectus.
3) Any improvement in the earnings forcast may lead to a sharp upswing.

What is your feeling on the strongly recommended minimum 30 day holding period by E*TRADE and the potential of being excluded from future ipo offerings if you exhibit shorter holding periods?

4-Bob
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