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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Benny Baga who wrote (6337)	6/15/1999 12:13:00 PM
From: CAPT TONY	Respond to of 20297

A summary of the call from Reuters: ATLANTA, June 15 (Reuters) - CheckFree Holdings Corp., which provides electronic billing and payment services, said on Tuesday it could post a loss in fiscal 2000 as it invests up to $50 million in projects designed to lure Internet consumers. CheckFree said it would use the money to fund free introductory offers to consumers, provide top billers with electronic bills that allow for interaction with customers, develop new electronic commerce services and build a system to expand capacity for more subscribers. But the company said, while plans were not final, the investments could result in a loss in fiscal 2000. " ... We are committed to maintaining positive earnings before interest, taxation, depreciation and amortization (EBITDA) ... We could lose as much as about forty cents in earnings per share and still remain cash flow positive," CheckFree President Pete Sinisgalli said. CheckFree is expected to post a profit of $0.38 a share in fiscal 2000 and a profit of $0.04 in fiscal 1999, according to Wall Street analysts surveyed by tracking service First Call Corp. The extra investments come as CheckFree expects to boost its subscribers by close to 67 percent in the fiscal year ending June 2000. It also expects to double the number of electronic billers, or companies that use CheckFree to bill electronically, over the next fiscal year in order to attract subscribers. Its stock was up 1/8 at 35-1/2. ((Financial services desk 212-859-1644)) For related news, double click on one of the following codes: [E] [U] [BUS] [FIN] [ENT] [BNK] [US] [RESF] [LEN] [RTRS] [CKFR.O\c] For related price quotes, double click on one of the following codes: <CKFR.O> Tuesday, 15 June 1999 15:59:46 RTRS [nN1524758]

To: Benny Baga who wrote (6337)	6/15/1999 12:26:00 PM
From: zuma_rk	Read Replies (1) \| Respond to of 20297

Even though I thought the call could have been handled much better, I do like your read on things -- but I would like to be surprised by CF management on the upside a little more frequently, I guess... Also, as far as the the Yahoo announcement goes, I'm in agreement with you when taking into account the thrust of the rest of the conference call... rk