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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

9/19/14

Concur Technologies Inc. (CNQR)

Concur Technologies is flying high today, up 17.95% to $127.15. The travel and expense management company saw its shares pop after news of a buyout. German company SAP confirmed that it would buy Concur for $129 per share in a deal worth about $7.3 billion. The deal represents a 20% premium to Concur's closing price on Wednesday. Shares of Concur are up over $19.00 today and are trying to break through their 52-week high of $130.39.

Oracle Corporation (ORCL)

Oracle is clouding investor's future today, down 4.89% to $39.52. The software, database, and cloud company saw its shares fall after co-founder, Larry Ellison, stepped down as CEO after worse than expected earnings. For the first quarter, management announced an EPS of $0.62 on revenue of $8.6 billion. Both numbers missed analysts' estimates of $0.64 per shares on revenue of $8.8 billion. Investors seem nervous with both the missed earnings and Ellison's departure, as shares fell over $2.00 today.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.