Schiffrin & Barroway, LLP Announces Class Periods For Shareholder Lawsuits

Market Wire, 20050229

Schiffrin & Barroway, LLP announced today that it recently filed lawsuits on behalf of shareholders of Concur Technologies, Inc., Starmedia Network, Inc., SmartDisk Corp. and Kana Software, Inc. for violations of the federal securities laws.

If you purchased the securities of any of the companies listed below during the respective class periods, you may be a member of the class and have until the date specified to move the court to become the lead plaintiff. For more information on a particular lawsuit and to view the complaint, you may visit our website at www.sbclasslaw.com. To learn more about your rights and interests in these cases and your ability to potentially recoup your losses, please contact Schiffrin & Barroway directly at 888-299-7706 (toll free) or 610-667-7706, fax number 610-667-7056 or by e-mail at info@sbclasslaw.com.

CONCUR TECHNOLOGIES, INC. (Nasdaq: CNQR) (Class Period: 12/16/98 - 12/06/00). On or about December 16, 1998, Concur commenced an initial public offering of 3,100,000 of its shares of common stock at an offering price of $12.50 per share (the "Concur IPO"). In connection therewith, Concur filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) defendant had solicited and received excessive and undisclosed commissions from certain investors in exchange for which defendant allocated to those investors material portions of the restricted number of Concur shares issued in connection with the Concur IPO; and (ii) defendant had entered into agreements with customers whereby defendant agreed to allocate Concur shares to those customers in the Concur IPO in exchange for which the customers agreed to purchase additional Concur shares in the aftermarket at pre-determined prices. As alleged in the complaint, the SEC is investigating underwriting practices in connection with several other initial public offerings. The complaint was filed in the U.S. District Court for the Southern District of New York. The lead plaintiff motion must be filed no later than September 24, 2001.

STARMEDIA NETWORK, INC. (Nasdaq: STRM) (Class Period: 02/02/99 - 12/06/00). On or about May 25, 1999, StarMedia commenced an initial public offering of 7,000,000 of its shares of common stock at an offering price of $15.00 per share (the "StarMedia IPO"). In connection therewith, StarMedia filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which defendants allocated to those investors material portions of the restricted number of StarMedia shares issued in connection with the StarMedia IPO; and (ii) defendants had entered into agreements with customers whereby defendants agreed to allocate StarMedia shares to those customers in the StarMedia IPO in exchange for which the customers agreed to purchase additional StarMedia shares in the aftermarket at pre-determined prices. As alleged in the complaint, the SEC is investigating underwriting practices in connection with several other initial public offerings. The complaint was filed in the U.S. District Court for the Southern District of New York. The lead plaintiff motion must be filed no later than September 24, 2001.

SMARTDISK CORP. (Nasdaq: SMDK) (Class Period: 10/05/99 - 12/06/00). On or about October 5, 1999, SmartDisk commenced an initial public offering of 3,000,000 of its shares of common stock at an offering price of $13 per share (the "SmartDisk IPO"). In connection therewith, SmartDisk filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) Robertson Stephens had solicited and received excessive and undisclosed commissions from certain investors in exchange for which Robertson Stephens allocated to those investors material portions of the restricted number of SmartDisk shares issued in connection with the SmartDisk IPO; and (ii) Robertson Stephens had entered into agreements with customers whereby Robertson Stephens agreed to allocate SmartDisk shares to those customers in the SmartDisk IPO in exchange for which the customers agreed to purchase additional SmartDisk shares in the aftermarket at pre-determined prices. As alleged in the complaint, the SEC is investigating underwriting practices in connection with several other initial public offerings. The complaint was filed in the U.S. District Court for the Southern District of New York. The lead plaintiff motion must be filed no later than September 24, 2001.