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

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To: TLindt who wrote (5932)6/2/1999 7:16:00 PM
From: tktom  Read Replies (1) of 20297
 
This is what is amazing to me, someone is going to get hurt with these kind of buyouts...You can just see it..like a huge coiled spring with tremendous tension in it...But Checkfree's business model, on the other hand, will shine in the long run..

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The markets reacted not only to the impact on the bottom line of the companies involved, but to the somewhat questionable nature of the moves, say some analysts.

"ETrade paid an extraordinary amount of money for Telebank," says Mr. Marks. ETrade bid $1.8 billion in stock for a company that reported $41.7 million in revenue for the quarter ending March 31, 1999. "It's a questionable decision. There's not a lot of value there."
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