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Technology Stocks : Fundtech Ltd. (FNDTF)
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To: Geof Hollingsworth who wrote (19)8/6/1998 8:03:00 PM
From: Geof Hollingsworth   of 40
 
BARS upgrades stock to strong Buy.

Craft has a report out today upgrading the stock. Key points are that business fundementals are improving, including a new contract with a European institution with an ASP in excess of $1 million, that the Checkfree acquisition positions them to introduce an Internet-based Corporate Treasury product later in the year, and that the stock is cheap.P/E is 16X next year's earnings; Market cap./revenues is 4.3 times next year's estimates.
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