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Technology Stocks : Paychex (PAYX)

PAYX 98.53

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Feb 6 9:30 AM EST

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To: Doo who wrote (66)	12/23/1997 4:43:00 PM
From: Cytokine1	Read Replies (1) of 210

Jeffry---Click on "Transcript" for a printed version..... Here's Chris's posted link: mktnews.nasdaq.com Here's an excerpt: "We've been successful over the last five six years with that approach the latest addition that's had a huge impact on earnings has been what we call our tax payment service. That is when we prepare clients' payroll deduct money for payroll out of their account maintain it those funds in a fiduciary account, and when payroll taxes are due to federal and state government we make the payments on their behalf. Because of the high level of efficiency and electronic processing of funds handling incremental revenue is very, very profitable. And that's one of the things that's been driving our high-level of profitability over the last five or six years."

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