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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Benny Baga who wrote (1840)1/26/1999 7:04:00 PM
From: AugustWest  Read Replies (2) of 20297
 
Additional Internet Distribution Investments Planned

CheckFree also announced that, as part of its strategy to broaden availability of electronic billing and payment on the Internet, it had entered into a material Internet distribution contract, the terms and conditions of which cannot be disclosed pursuant to the agreement. The Company estimates incurring incremental expenses of about $4 million, as well as up to $2 million in capital spending, in fiscal 1999 in support of the agreement. The Company does not expect any material revenues from the agreement in fiscal 1999.


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