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Technology Stocks : CheckFree (CKFR)

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To: TLindt who wrote (6848)8/15/1998 5:32:00 PM
From: Benny Baga  Read Replies (1) of 8545
 
>>>Where did an entire quarters growth go, along with the 175,000 customers we had on June 9th???

Answer:

checkfree.com

This move to the significantly more efficient RPP
processing engine will permanently move approximately 150,000
consumer accounts from CheckFree's bill payment subscriber base to
the balance transfer account base. "While all of our BT clients are
now on a pure transaction-based revenue model, this has no effect on
our BT revenue or operating results," said Kight. "In fact, as we move
additional transactions through the new remittance pipeline, we will
continue to take advantage of significant economies of scale."


....I also called Laurinda on this one (about a month ago), she pointed me to this press release.

Benny
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