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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Rick McDougall who wrote (56722)	1/5/2000 9:12:00 AM
From: Bryan	Read Replies (1) \| Respond to of 108040

Rick: I was in CNQR last November below $23, but sold on the second blip up to $35 when it failed to follow through. Message 12226585 The first thing that strikes me about CNQR is the triple top near $35. If we can hammer it through there, we could see a real rally. Unfortunately, it peters out every time it gets up there. Even the most recent premarket rally up to $38 fizzled and now the stock trades back in the $20's. As far as I know nothing has changed as far as the company's outlook. Their corporate expense management products should land more clients this year, and their current list of clients is one of the most impressive in the B2B industry. I think some of the selling pressure exists because CNQR has more of a custom B2B product and while it is appealing, it is not broad enough to appeal to a very large list of clients. Now that we are through Y2K without any initial problems, more businesses should revert their focus to expense management, and this is where CNQR can land more business. I wish I knew more about their marketing approach, but I don't. IMO, the effective marketing of their product will be a key issue in the coming Q's. But to be honest, I don't have a CNQR position at the moment. I was successful in the past buying near $24 and selling above $30. Your scope appears to be long-term (but I'm not sure about your price target...you might want to look at that...typo perhaps??). Here is some prior DD I posted. Nothing has changed from November. Look at the peer-comparison in particular. If you look at Concur's site concur.com you can easily formulate an argument supporting a higher valuation for the stock. They really appear to have a stellar business plan and plenty of alliances and big customers to ensure future growth. Here are some excerpts from the site. Concur's workplace eCommerce solutions, business-to-business procurement, human resources self-service, travel booking, and T&E expense management are the most widely used solutions for automating business-to-business eCommerce and workplace business processes over the corporate Intranet and public Internet. Concur's workplace eCommerce solutions are used by more than 2 million employees in more than 250 companies worldwide. Customers include AT&T, Baxter International, DaimlerChrysler, Exxon and Pfizer. In order to bring best-of-breed, full-service business solutions to our customers, Concur forms partnerships with industry leaders, such as ADP, American Express, Exodus, and Microsoft. concur.com This is the sickest thing.....look at a comparison of CNQR against some other B2B's. siliconinvestor.com Message 11981018 Best of luck with it. I still have CNQR on my radar....along with a plethora of other B2B companies. It can be overwhelming at times. Best, B