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Technology Stocks : CheckFree (CKFR)

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To: TLindt who wrote (297)	8/12/1997 1:46:00 PM
From: TLindt	of 8545

Well H&Q is expecting them to post a loss of .09, Zacks has them there also.... Which would be about 4.5mm $ on operations. That number excludes all the extra-ordinary items. From 2nd Q to 3rd Q CKFR improved about 3.5mm $ Quarter to Quarter on operations. So if over the quarter they have exceed the gains made in the earlier period, it really becomes too close to call.... I'm probably missing something. But it looks to me that they'll post a loss of a Million on operations, and with the extra-ordinary items post a 10mm paper loss. So there's 3.5mm someplace the Reasearchers see but I can't find. Perhaps they figure they would not be able to repeat? Anyway it gave me something to do!!

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