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

To: g_m10 who wrote (6019)	6/4/1999 1:26:00 AM
From: David H. Zimmer	Read Replies (1) \| Respond to of 20297

Some of the best "undercover" work I have seen. Finally a solid answer as to why the offering of shares by Kight, for some if not for all of the money. Under this scenario, Kight cashes in on some most favorable long term gainers, picks up a similar amount of shares at a higher cost basis and has money to spare to diversify and buy that "plantation" he's been looking for. With respect to TLindt's last message, as I often pursue claims against some of the more distinguished <g><g><g> investment banking <g><g><g> firms on the street I will not usually go into detail as to my personal knowledge of their internal workings. What I do see is a clearer picture than most from both an internal, operational viewpoint as well as from a legal litigation, arbitration and mediation standpoint, both careers spanning almost a quarter century. The internet is here to stay -- Goldman didn't go public because they thought the price of their shares would be significantly higher a year from now -- Merrill, and most of their colleagues, cannot change as they simply lease too much space and employ too many "Vice President -- Financial Consultants" <g><g><g><g> -- and the second and third tier firms had ready themselves to merge aggressively. This world is changing before your eyes and the brokerage industry as we knew, thought we knew, know and think it will be will not be. It's time to take out the middleman, almost completely. Bye, bye brokerage industry, to the exception of the true function for which it began years ago -- capital formation. Yeah, CKFR is like NITE and EGRP. If there is an opportunity to buy below $40 -- load the boat -- as much criticism as I have of the long lost way that E.F. Hutton made money is as strongly as I feel that those firms that are managing the CKFR underwriting are the ones that can place the stock where "the sun don't shine" -- after all -- you do remember who did the NITE secondary.