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Technology Stocks : CheckFree (CKFR)
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To: Benny Baga who wrote (7425)9/10/1998 9:42:00 AM
From: Edward F. Horst Jr.  Read Replies (2) of 8545
 
You seem to be willing to make a gross assumption of 100% from these levels. I might agree with that level of appreciation from $8, but my purpose is not to debate your projection. Pete has your answer as to how CKFR might allocate additional funds to accelerate growth. He is in a position of deciding on these alternatives vs appeasing the market short term through buybacks and limiting the losses, especially on the next quarter. I just hope he stays the course and does more of what he does well, which I interpret as increasing investments in the growth of the company. I wish a simple buyback would boost the markets perception of the stock price, but I don't see much cause and effect from the buyback announcement.
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