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Technology Stocks : CheckFree (CKFR)

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To: TLindt who wrote (7339)	9/6/1998 9:11:00 PM
From: axp	of 8545

This is dated news, but I just got a semi-annual report (through 6/30/98) from the Founders mutual fund group. The commentary on the Founders Frontier fund highlights 3 specific stocks one of which is CheckFree. "CheckFree Corp., another of our holdings, ties into the trend for on-demand financial services. CheckFree is the preferred provider of transaction processing for home banking. They service nine of the top 10 banks and 40 of the top 50 banks. We believe we are at the beginning stages of adoption for at-home banking." I wonder if they bailed out before the recent drop. The NAV would indicate not! I'm also wondering why it took them 3 months to get out the report.

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