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

To: zuma_rk who wrote (8258)	10/23/1998 7:20:00 AM
From: zuma_rk	Read Replies (2) \| Respond to of 8545

ok, I've got more to say... Just wanted to mention that there were numerous analyst notes published yesterday. I don't have access to the text, but a good buddy of mine (who's also an investor/lurker here) read them to me yesterday. Generally, if I recall everything correctly, JPM, Legg Mason, etc. all maintained their buys or upgraded, and just about all had price targets north of $20/share. Of particular note was the positive spin by Hambrect & Quist, an outfit that has earned tremendous respect on the street for taking the time to really understand and develop an expertise in things technological. In all the positive trend w/ the analysts, the only detraction was Salomon Smith Barney. Not that they were so negative, but for all the expertise they should have, it just seemed that they don't get the industry, and see no reason to buy the stock now (acknowledging that it's speculative), but everyone should wait until it's, saaaayyyyy $32/share or so (my sarcastic opinion, not actually theirs). I guess a company stock buyback coupled with doubling your investment in a matter of two weeks is not enough indication of possible reversal of trend in a stock. Anyway...can't have everything you want -- it was just humorous (and reassuring) to see how quickly the analysts get back in line once they do a little homework on the industry now that the air is out of the balloon on most other stocks in their market (gee, maybe one or two are actually using CF now -- can only hope). RK