The Company's major competitors in the T&E expense management field include Captura Software, Inc., Extensity, Inc., International Business Machines Corporation and Necho Systems Corporation. In addition, several major ERP vendors such as SAP AG, Oracle Corporation and PeopleSoft, Inc. have already developed T&E expense management products, and Oracle Corporation has developed a front-office procurement product. These companies have begun to sell these products along with their application suites. The Company's major competitors in the front-office procurement field include Ariba Technologies, Inc., Clarus Corporation, Commerce One, Inc., Harbinger Corporation, Netscape Communications Corporation, Trilogy Development Corporation and TRADE'ex Electronic Commerce Systems, Inc.
Good Underwriters. Robbie Stevens, Hambrecht & Quist; Piper Jaffray
322% increase in sales last year.
Customer base includes AT&T, American Airlines, Anheuser-Busch, Case
Corporation, Computer Sciences Corporation, DuPont, Eastman Kodak, Exxon, Gillette, Guardian Industries, Hewlett-Packard, J.C. Penney, Lehman Brothers, Levi Strauss, Lucent Technologies, Monsanto, The New York Times, Northrop Grumman, Pfizer, Pharmacia & Upjohn, Seagate Technology, Solutia, Sprint, Texaco, Texas Instruments and Visio.
Only 200,000 shares being sold by existing shareholders. Thats not too bad.
I don't like the warrants and convertibles though.
The Company has established a significant strategic marketing relationship with American Express and its subsidiary, American Express Travel Related Services Company, Inc. In August 1998, TRS purchased 645,161 shares of the Company's Series E Preferred Stock and a warrant to purchase additional shares of Series E Preferred Stock.
Heres some SEC filings
edgar-online.com
This thing might do well if the "internet connection" gets hyped up at all. From the prospectus:
The success of the Company's products will depend, in large part, on the continued broad acceptance of the Internet itself as a viable commercial marketplace.
It could also do well since there are alot of E*turd traders who have never gotten any IPO action and may do so just because they can.
Longer term, I'm not real excited about CNQR. Lots of BIG competitors in a crowded field and alot of these guys will suffer as business puts money into Y2K instead of other Software.
Should get at least a 15% pop on the open though. I'll probably grab a couple hundred. |
