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Technology Stocks : IVI Checkmate (CMIV)

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To: hsg who wrote (2253)3/17/1999 1:32:00 PM
From: Bron-y-aur  Read Replies (2) of 3721
 
Some thoughts on this black day for IVI

1. For perspective:
IVI Checkmate Corp. is a full-service solution provider in the United States, Canada and Latin America. Its innovative automation payment solutions handle electronic payment transactions such as check, debit, credit, smart card and electronic benefits transfer, in such industries as retail, banking, health care, hospitality and transportation. With offices in the United States and Canada and established strategic alliances and partnerships worldwide, IVI Checkmate delivers leading products and global technology to its local customers.

2. Per Zacks - growth rate=20%
Consensus estimate = .52 US for fy99.
Knock say .12 off (mid range of the estimated loss for Q1) and you have earnings of .40. Puts fy99 PE at 8 or so.
If they can hit the reduced estimate for the year, the stock price right now is ridiculous from a pe and price/earnings growth ratio.

3. Remember new products coming out eg. wireless?
Smart card emerging market.
NCR relationship.

Havent listened to conf call - anything said about catch up in next q or total year outlook re earnings??

In any case am not selling (bought some this morning also). Have seen this before (Sultan remember TKX?).

FWIW
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