CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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

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To: micny who wrote (1890)	1/27/1999 8:21:00 AM
From: Benny Baga	Read Replies (1) of 20297

Checkfree in Deal with Internet Portal January 27, 1999 ATLANTA, American Banker : Checkfree Corp. said it has signed an agreement with an undisclosed Internet portal to let its users receive and pay bills on-line. Matt Lewis, a Checkfree senior vice president, said he wouldn't disclose the name of the "large Internet portal" until a service is ready for commercial release. Avivah Litan, a research director at Gartner Group, said in an interview that "my information is that it is Yahoo." Heather Bellini, an analyst at Lehman Bothers, said such a deal would signal a change in Checkfree's business strategy of working closely with its banks. Shares of Checkfree's stock rose 21% Monday and 5% Tuesday on speculation surrounding the deal, which was originally reported in Atlanta Journal- Constitution. Checkfree's closing stock price of $36.125 Tuesday represents a 55% increase through January. Steven Marjanovic [Copyright 1999, American Banker]

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