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

To: StocksMan who wrote (20058)	5/13/2003 1:17:34 AM
From: AugustWest	Read Replies (1) \| Respond to of 20297

Anyone here paying much attention to I-Payment? Wondering how their line of bidness might overlap and otherwise compete with CheckFree. I searched around a little but there just isn't much information on them. I can't even find any SEC filings for their IPO that went off today. They gained 31% on their first day of trading on the NAZ. Symbol: IPMT. Kinda sad when the first IPO in a couple months is tainted by something like this. Sure doesn't do much to reestore my faith in Wall Street. Bear Stearns Used Analyst to Tout IPO Monday May 12, 12:29 am ET Days after agreeing to a sweeping settlement aimed at overhauling the way Wall Street does business, Bear Stearns Cos. reverted to the practice of using an analyst to promote a new stock offering, The Wall Street Journal reported Monday. biz.yahoo.com To be sure though, those loose lips provided the only financial information(and not much at that) I could find on them. Apparently, 5MM shares at $16/share would give it a pro forma PE of 15.8 times 2003 estimates, 13 times '04. Nothing to get excited about, but under current market conditions it's probably still good for at least a double before any financial information is available, huh. a Bear Stearns research analyst said an assumed initial per share offering price for its stock of $15 would represent 15.8 times a pro forma earnings per share estimate for 2003, and less than 13 times a pro forma earnings per share estimate for 2004. IPayment told potential investors in its IPO filing that, "any estimate or projection of future operating performance is necessarily based upon a number of underlying estimates or assumptions that may or may not prove to be accurate." marketwatch.com