On the conference call today John Torrey mentioned that the first phase of the relationship was with large companies where Concur's salesmen would do most of the work since it is with larger companies. What I didn't realize is that he mentioned the second phase will start by the end of the year and it is to include training AMEX salesmen to be the only salesperson in AMEX deals with non large companies. This means that AMEX would write up the deal on Concur paper (no Concur sales people needed for many deals). Concur would just do this implementation. This sounds much better way to get business for the smaller companies. Concur shareing compensation should help get deals done and not have to pay huge sales salaries.

http://www.wsw.com/webcast/jeff36/cnqr/

I'm sure I will regret it but I had to get a little off of margin today (I do still have a lot on margin). I'm tired of paying interest since doubling down on the way down at 25 (almost got margin call down at 17.82)
All I own is Concur stock and since I’m on margin it has been a huge roller coaster!
When Warren Buffet was asked if there was anything he regretted in investing he said yes. He regretted not investing more in companies he felt strong about. He was too diversified. Ok, I’m at the other extreme but that is why I’m following Concur as close as I can (I live and die by the sward). So no Johnny, I’m not Steve Singh.

Good luck, Read_Learn (or Read more to Learn more)