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

To: Benny Baga who wrote (12102)	11/17/1999 12:39:00 PM
From: Tom Klempay	Read Replies (2) \| Respond to of 20297

Not to beat a dead horse, but, Programmers (mainframe, client server, etc.) make from 50K to 150K+ depending (including benefits). Second you must include wage base, health benefit, Disability, FICA, Medicare, Bonus, etc. I've been told by people in the benefits and accounting business, that, as a rule of thumb, take the salary and multiply by 3 to approximate total cost for any employee. -tk

To: Benny Baga who wrote (12102)	11/18/1999 8:53:00 AM
From: Harp	Respond to of 20297

IHMO, the company needs to have enough cash to cover 3 months of expenses(excluding revenue), at a minimum. Reserves are needed for unexpected system outages, legal matters, etc. On a personal level almost all financial planners tell you that you should have at least 3 months of income in case of emergencies, correct me if I'm wrong, but I think the same would go for a billion dollar company Benny, I agree with you... When I read your original post, it sounded like in 6 weeks they would not have any money and could not meet payroll (which had me worried!) But, unless there is some unexpected event they can continue for a long time since they are close to break even... Another 100 million of padding is a good thing too.... Harp