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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Robert Sloan who wrote (7487)	6/30/1999 10:52:00 AM
From: Scott Williams98	Respond to of 20297

Hi Robert, I'm just rambling about possible SHORT TERM price fluctuations. I wouldn't agree that CKFR <<may not recover from a few negative perceived events>>. IMO, CKFR will recover from these low prices eventually, and go on to new highs. Wonder how the general market will act right around 11am when rates are hiked up? Best of luck SCOTT

To: Robert Sloan who wrote (7487)	6/30/1999 11:04:00 AM
From: Dako	Read Replies (2) \| Respond to of 20297

I think that is the essence of the short-term story here. While it is dangerous to blithely assume with certainty that there are no problems whatsoever with Checkfree, it is historically the type of situation--very hammered S-T but not on a pure fundamental or accounting issue or even on a stock market sell-off--which is shunned for at least a while by the vast majority of the investment community. The very nature of the professional fiduciary makes it infinitely easier to buy CKFR, for example, 5-10 points higher than current levels as long as what most of us view as the likely case appears to be once again more fully accepted. Perversely enough, it is often the higher stock price that generates this attitude. It all sounds a little silly if you don't do it for a living. But that's reality, and it is fortunately what creates these opportunities (or not) for the rest of us.

To: Robert Sloan who wrote (7487)	6/30/1999 7:11:00 PM
From: Glenn Nelson	Read Replies (1) \| Respond to of 20297

As Robert said "Checkfree's price performance is starting to remind me of some other great companies. Their stocks have never recovered from a few negatively perceived events." Qualcomm is one of those stocks that never seemed able to recover from bad news - bounced around roughly between 35 to 70 for more than 2 years. All along they were building revenues in a strong and steady fashion. Good news or sometimes no news would cause a run up near 70, then a fast plunge back to 50s if I remember correctly. Bad-mouthing by Ericsson and other GSM players and collapse of SE Asia was mostly to blame for the cap on the stock. Even though the company was often mentioned as a technology leader, nothing could get it out of the doldrums. But when QCOM settled with Ericsson, everyone else thought the sky was the limit - and look what happened. I think there's a great deal of similarity to CF situation - healthy mid-size company with a great product, but everyone thinks there must be at least 10 giant companies waiting to stomp them.