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: TLindt who wrote (3783)	3/17/1999 11:27:00 AM
From: Harp	Read Replies (1) of 20297

Billing Concepts net hurt, mulls spinoff SAN ANTONIO, March 17 (Reuters) - Bill processing and customer service company Billing Concepts Corp. said Wednesday a drop in calls to its customer service centers plus costs to acquire CommSoft cut into second quarter revenues and earnings. The company said it expects per share earnings to range between 16 and 17 cents for its quarter ending March 31. It also said it had hired bankers Donaldson, Lufkin & Jenrette Securities Corp. to consider ways to boost shareholder value, which may include a spinoff of one of its divisions. Other possibilities include the restructuring of the relationship between the company's clearinghouse service division and its software division. The rapid growth in the company's software division, including its 22-percent stake in Princeton TeleCom, and the recent increase in acquisition activity in the telecom and billing software industry is what prompted its board to seek out advice from DLJ, the company said. The company in 1998 reported second quarter results of 21 cents a share or $7.4 million. Analysts had expected the company to earn about 19 cents a share for the second quarter of this year, according to First Call Corp. biz.yahoo.com

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