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

To: TLindt who wrote (12079)	11/17/1999 6:44:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 20297

>>>I am looking for that number, reseached this stock for years and years and I hear nothing yet hours later where this number comes from. checkfree.com Cash, cash equivalents, and investment = 15 million Well if you "do the math" you could figure it out if you looked at the cash position of the company. 15 million in cash, High Tech company with 2000 workers. The average worker is making around $50K a year between salary and benefits, probably more (my estimate). Which equates to about almost 12 million in expenditure over a 6 week period. Fairly close to the 15 million in Cash (with my estimate), or you could ask the CFO, which I have also done. The 15 million also includes investments, which may not be as liquid. There is no reason for a billion dollar company to have to worry about making the payroll, therefore, IMHO the offering of notes is clearly the correct thing to do, and should not be a surprise to anyone. Benny