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: TLindt who wrote (5932)	6/2/1999 11:37:00 PM
From: Tom Klempay	Read Replies (1) of 20297

Tom, I gotta tell you, I love the way you put all of this together into something so simple that an idiot like myself can understand. Thanks. Anyone remember CKFR's announcement earlier this year about building a new facility in Norcross and hiring somewhere around 250 people? Well, if you're throwing around numbers, I'd bet that some of that money is going to go toward paying those new people. Assuming an average of 50K a year, you usually triple that to figure out what an employee really costs. So, for the first year, 250 new people are going to cost (250 * 50K * 3) = $37.5 million Maybe another $10-$20 million will be used to build the facility and spend the rest on acquisitions or portal deals. -tk

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