CNQR starting to fly after slamming into it's rock bottom $12.00. HUGE news just hit (after it was downgraded)!
Look at it start to bounce:
finance.yahoo.com
NEW PRESS RELEASE:
Ocean Spray Cranberries Selects Concur eWorkplace.com; Concur eWorkplace.com Accessible Day and Night for Immediate Business-to-Business eCommerce by 2,400 Employees
REDMOND, Wash., Oct 6, 1999 (BUSINESS WIRE) -- Concur Technologies
(Nasdaq: CNQR), the leading provider of workplace eCommerce solutions,
announced today that Ocean Spray Cranberries, Inc. has selected Concur
eWorkplace.com(TM) (www.concureworkplace.com) for anytime, anywhere
access to Concur's workplace eCommerce solutions, for travel and
entertainment (T&E) expense management and travel booking services.
Concur eWorkplace.com, unveiled today at Upside's Preview conference in
New York, delivers world-class functionality and service for business
critical tasks with instant deployment and low upfront costs for
immediate time and cost savings (see related release: "Concur Ignites
B-2-B eCommerce," dated Oct. 6, 1999).
"With Concur eWorkplace.com we can move to a new level of automation,
using the power and flexibility of the Web, with virtually no risk,"
said William H. McBain, assistant treasurer, Ocean Spray. "Our
employees are eager to use this solution, and we anticipate that we
will be up and running quickly to begin to realize the benefits Concur
eWorkplace.com offers."
Delivered directly to the desktop via a standard Web browser, Concur
eWorkplace.com eliminates costly implementation, IT infrastructure, and
maintenance requirements within Ocean Spray. Using an easy,
point-and-click interface, employees are not only provided with 24/7
access to Concur's workplace eCommerce solutions, but are able to
quickly and easily complete tasks, like reporting expenses, that are
tedious and time intensive.
"Ocean Spray is widely recognized for its ability to develop innovative
products to meet consumer demands," said Bruce Chatterley, executive
vice president of eServices at Concur. "Concur eWorkplace.com was
introduced to meet the market's need for world-class functionality and
service delivered via an outsourced model. We are pleased to announce
Ocean Spray as one of our customers." Ocean Spray will take advantage
of Concur's simple, predictable pricing. "With less up-front
expenditure required for Concur eWorkplace.com, the risk factor is
negligible," McBain said.
About Ocean Spray Cranberries
Since 1930, Ocean Spray Cranberries, Inc. has been known for the
distinctive taste and refreshment of cranberry. As an agricultural
cooperative owned by 920 cranberry and citrus growers throughout the
United States and Canada, Ocean Spray has been the best selling brand
in the canned and bottled juice category. With annual sales of about
$1.5 billion, Ocean Spray continues to hold its long-standing position
as the nation's leading producer of canned and bottled juice drinks.
About Concur Technologies
Concur Technologies, Inc.(TM) is the leading provider of workplace
eCommerce solutions that automate costly and inefficient business
processes among employees, partners, suppliers, and service providers.
Its flagship products, Concur eWorkplace(TM) and Concur
eWorkplace.com(TM) (www.concureworkplace.com), integrate Concur's suite
of workplace eCommerce solutions, including business-to-business
procurement, human resource self-service, and travel and entertainment
expense management, through a common user interface, and provides a
business portal through which employees can access critical information
and services. Companies may choose from the highly configurable
licensed Intranet solution, Concur eWorkplace, or the best-practices
outsourced Internet solution, Concur eWorkplace.com. Concur has
licensed its solutions to more than 1.8 million desktops in over 235
companies worldwide. Concur's solutions reduce operating costs,
increase employee productivity, and improve supplier management in
small and medium sized businesses and Global 2000 enterprises. Its
customers include AlliedSignal, AT&T, DaimlerChrysler, Exxon, and
Pfizer. Concur's Global Alliance Network -- comprised of over 50
world-class organizations including ADP, American Express, and
Microsoft -- further enhances its ability to provide best of-breed
solutions for maximum results. Headquartered in Redmond, Wash., Concur
has offices throughout North America, Europe, and the Asia-Pacific rim.
Additional information on Concur is available via the Internet at
www.concur.com.
Concur eWorkplace and Concur eWorkplace.com are trademarks of Concur
Technologies. All other company or product names are trademarks and/or
registered trademarks of their respective owners.
This press release contains forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from current expectations. Statements made in this release
that relate to future plans, events or performances or statements
containing words such as "believes," "anticipates," "plans," or
"expects" are forward-looking statements. These statements are based on
current expectations and involve risks and uncertainties. Factors that
could cause or contribute to actual results differing from current
expectations include, but are not limited to, the Company's limited
operating history, which makes the prediction of future operating
results difficult; risks associated with new business models; the
lengthening of the sales cycle; and uncertainty of market acceptance of
the Company's products, including the eWorkplace.com products designed
for the small and middle market.
Please refer to the Company's public filings made with the Securities
and Exchange Commission (http://www.sec.gov) for additional and more
detailed information on risk factors that could cause actual results to
differ materially from current expectations. Concur assumes no
obligation to update the forward-looking information contained in this
press release.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
CONTACT: Concur Technologies, 425/702-8808
fax, 425/702-8828
www.concur.com
or
John Russo, 425/497-6440
johnr@concur.com
or
Kira Bacon, 425/497-7342
kirab@concur.com
or
Niehaus Ryan Wong
Dave Gutierrez, 650/827-7054
gdavid@nrwpr.com
businesswire.com
WEB PAGE: businesswire.com
GEOGRAPHY: WASHINGTON INTERNATIONAL CANADA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
INTERACTIVE/MULTIMEDIA/INTERNET
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