SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CheckFree (CKFR)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TLindt who wrote (2815)3/24/1998 1:00:00 PM
From: Benny Baga  Read Replies (1) of 8545
 
A fairly objective article, a few mis-statements:

"I think (Internet billing services) could add to First Data's revenue base $500 million to $1 billion within a couple of years."

"The company has bled red ink since its inception in 1981 because of the costs of installing its electronic payments systems in an ever-widening base of banking clients."

...These statements would let you believe that CheckFree has never turned a profit, and that of course is false. Also the article would leave you believe that FDC can somehow avoid these costs that CKFR has had, It mentions 1 billion dollar revenue, but doesn't mention cost.

"CheckFree, which should turn profitable in June, having never had a profit," analyst Davis said."

...Well, he's in for a shock in about four weeks.

Benny
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News