Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sam Biller who wrote (10615)	9/28/1999 6:51:00 PM
From: Sam Biller	Read Replies (1) \| Respond to of 20297

Chase to Buy Hambrecht & Quist for $1.35 Billion Tuesday, September 28, 1999 Sept. 28, 10:34 A.M. - Chase Manhattan Corp. said it has agreed to acquire the San Francisco-based investment bank Hambrecht & Quist for $50 per share, or $1.35 billion. The deal, which Chase expects to complete by the end of the year, would help the bank ramp up its equity-underwriting business. "Our goal is to offer the right financial relationships for companies in the new economy - from venture-capital stage to IPO to mature company," said William B. Harrison, Jr., president and chief executive officer of Chase. He added, "This is an important step for Chase in developing a public equities practice in a way that has a positive return to our shareholders." Under terms of the deal, which has been approved by the boards of directors of both companies, Hambrecht & Quist will take the Chase name, but it will continue to be headquartered in San Francisco. Chase plans to establish a $200 million pool of its stock to be used for retaining key Hambrecht & Quist employees. Hambrecht & Quist would become part of Chase Securities' investment banking arm, which is headed by vice chairman James B. Lee, Jr. Hambrecht & Quist's chairman and chief executive officer, Daniel H. Case 3d, would become chairman and chief executive officer of Chase Securities West and head of the bank's Global Technology Group. ---- We will see how this impacts H&Q's coverage of CheckFree. Hopefully, no effect... -Sam

To: Sam Biller who wrote (10615)	9/28/1999 7:06:00 PM
From: TLindt	Respond to of 20297

Boy do I hate the Metric system.... I gotta use this... askresearch.com Look at middle chart Williams...that is to me is the earliest indicator. Next sensitive is Stochastics..if that heads north tomorrow too...it ain't over...because it will take the MACD back to positive. The whole thing looks like the Chart when CheckFree came stroking up through the 20's back in January I think...it was a HeadFake flase bottom near 23 and continued up into the low 40's...before the first leg of that rally was over. And look at it this way...knowing how CheckFree trades...if it were going to trick somebody out of their shares...it'd be right here in the 40's. Ain't getting any of mine. a.k.a..Faced with buying them all back for a 50% premium don't sound so good.

To: Sam Biller who wrote (10615)	9/28/1999 7:35:00 PM
From: TLindt	Read Replies (1) \| Respond to of 20297

Bill Pay Play First Data's other major Internet initiative is the TransPoint venture. Launched with much fanfare back in June 1997, this alliance of First Data, Microsoft Corp. and Citigroup is designed to compete with Atlanta-based CheckFree Corp. in the electronic bill payment and presentment market. While pilot projects proliferate at major banks, the initiative has been slow to come to market. Duques even laughs at attempts to pin him down on an actual launch date. "It's going to take longer than anybody says, so as soon as I put a date down, I'm probably going to be wrong." bai.org