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: AugustWest who wrote (2538)	2/10/1999 8:56:00 PM
From: Sam Biller	Read Replies (3) of 20297

Interesting post from the yahoo thread --> messages.yahoo.com@m2.yahoo.com Some Comments on I net Stocks and CKFR by: buffett_2000 1. I was impressed with how resilent the internet stocks were today - today had the potential when everything could have collapsed; CKFR collapsed and fought back hard the last 2 hours. 2. I am ready to jump back into YHOO perhaps even tomorrow; EBAY I want to wait due to huge supply perhaps coming onto the market. 3. The internet stocks appear to be bottoming out (the top-tiered ones, at least). YHOO AMZN and EBAY are 35% - 50% off their lows. 4. CKFR was subject to violent mood swings today reflecting Transpoint competition and general perception of management incompetence (For example, why did the YHOO deal take so long to close? Which idiot in the company broke this news to the press? (I can't imagine YHOO making such mistake)). Wall Street is very unforgiving of companies which break promises ("once a dog always a dog"), which leads to one fundamental rule of thumb, "Never promise what you can't deliver." 5. $28 is an important support level; if $28 holds, then the stock will trade sideways and go up in the future. 6. CKFR is the only inet stock I know which has 70% market share in its market, has only 1.3 billion market cap., and virtually unpublicized and unnoticed by most investors. 7. The firm's PR (whoever that may be) should be fired. 8. Pete Kight should bring on a seasoned executive who can deal with Wall Street and take over the operational duties. Remember AOL in mid-1990s? Accounting irregularities, poor customer service, customer's inability to sign-on, stock price dropping from then $75 to $25 in a matter of 6 months. Bob Pittman was the fast-talking seasoned executive Wall Street just fell in love with. I remain long-term bullish on this company, but don't kid yourself, today's panic selling was not caused by general malaise in the inet stocks - it was something deeper and more fundamental, in my opinion, Wall Street's distrust of the management. The next 2 quarters are crucial - CKFR needs to consolidate its power. I stick by my original belief that management made a crucial error trying to market it primarily through banks and lost valuable time; it is now catering also to portals, a strategy which they should have pursued last year. I think we will see $65/share by summer and $100/share by the end of year. Buffett_2000

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