CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Benny Baga who wrote (1168)	1/12/1999 9:45:00 AM
From: zuma_rk	Read Replies (2) of 20297

Wheat, First upped targets this morning from $25 to $35. Even though IMHO this may be apples and oranges, they compared CF to the Lucent/Kenan acquisition announced yesterday (I believe Kenan only does hard-copy billing, although their technology allows for the complicated consolidation of multiple products within a single bill -- e.g. cable, long-distance and local). Wheat noted that Lucent is paying a sales multiple of approximately 8.6x Kenan's revenues, which would imply a value for CF of about $38 bucks per share (according to them -- I didn't check the math). Interesting that the Lucent acquisition provides something of a yardstick that analysts can begin to hang their forecasts on. RK P.S. -- Craft published a new report this morning as well. I'm working on getting a copy.

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