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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: David H. Zimmer who wrote (11705)11/3/1999 12:31:00 PM
From: zuma_rk  Read Replies (1) of 20297
 
FWIW - Having attended last year's meeting (along with AE and Mr. Gintel) -- nothing particularly earth-shattering was revealed. They did the formal business of electing board members, etc., Pete did a nice slideshow, and they took a bunch of questions. In fact, the small auditorium where the meeting was held was probably only 1/3 full (with many of the folks in attendance being Checkfree employees who were invited to hear the latest update on the company).

While we may all think that tomorrow is a primo day for Pete and Co. to choose to bolster the stock for our benefit, lets recall that at last year's gathering the stock was in the range of about $16 or $17 bucks a share (on the long climb back up from $6), and there wasn't much news forthcoming.

Interesting, though, that if one were to simply buy some stock based on the positive reports following last year's meeting and just sit on it, they'd be up about 130% right now. I guess there's something to be said for steadily building a position over time, filtering out all the day-to-day noise and taking a longer-term view. Better than trying to second guess what the short-term herd may be thinking, IMHO...

rk
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