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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: SeveCords who wrote (4219)	5/18/1998 4:37:00 PM
From: jjs_ynot	Respond to of 8545

MSFT web authoring tools are only good in comparison to others for the NT platform. I think that UNIX based tools are still a lot stronger.

To: SeveCords who wrote (4219)	5/18/1998 7:13:00 PM
From: g_m10	Read Replies (3) \| Respond to of 8545

Finally, Keirstead erroneously indicates that many of Checkfree's contracts are coming up for renegotiation by the end of the year. That is not true either as most of their major bank contracts aren't up for at least another year. Welcome to the thread and thanks for your informative post. P. Kight said in FY 1999 he'll make 32c and Keirstead can tatoo it on his stupid forehead. If memory serves me right, P. Kight started talking about breaking even in Q3 a year ago or so and he made it. He did precisely what he promised: showed only 55,000 profit. One may wonder how it was possible to be that precise a year ago. One explanation is P. Kight is a visionary and nobody will deny it. Another explanation is P. Kight had Q3 in the bag already a year ago based on contracts he had at that time. Now, based on existing contracts, he already has current Q profitable and 32c in FY 1999 in the bag. As simple as that. Let's look at the numbers. Tlindt has posted them several times. Forget future high tech staff, forget profits and look at revenues. They'll tell us how the company was performing in its continuos operation and numbers are impressive. Compared to a year ago quarterly revenue rose 50% and nine months 40%. How many companies can boast these numbers? Even without high tech this co. is a great place to park money. So, what happened to the profits if everything is so great? Now we are getting closer to an explanation on how P. Kight can predict results a year ahead with so high precision. When time comes to prepare a Q report he has a great flexibility of what to write of now and what later. Things like buildings he has to write off over 20 years or so period. Mainframes probably something like 5-10 years. Rules for R&D expanses, software purchase, acquisitions and some other things are much more flexible. He can recognize them right now or over multi year period. When P. Kight gives out numbers for a year from now, he already has a bare minimum in the bag and then some more. When the time to report Q or FY results comes, he writes off as much as he can to just get the numbers. No doubt, he'll keep pressing the break pedal as hard as he can and as long as he can, until revenues blow off lid from the stock. There several reasons to do it. First one- stock price is volatile enough even with profits steadily rising and almost no publicity. More important is that CKFR is dealing with banks. What could give a better credit with banks than management capable of telling up to a penny their results a year from now? How many companies can do it? I can only repeat: P. Kight said in FY 1999 he'll make 32c and Keirstead can tattoo it on his stupid forehead. Everything is MHO only.