Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: micny who wrote (7858)	7/9/1999 9:29:00 AM
From: David H. Zimmer	Read Replies (1) \| Respond to of 20297

If that estimated number of subscribers is correct, based upon our model, on an operating basis, we beat the estimate by one to two pennies.

To: micny who wrote (7858)	7/9/1999 9:45:00 AM
From: CAPT TONY	Respond to of 20297

here you go: CKFR: CHECKFREE PRESENTS AT FIRST UNION CAPITAL MARKETS NANTUCKET CONFERENCE 07:32am EDT 9-Jul-99 First Union Capital Markets (Charles Wittmann 804-782-33 ### ### FIRST UNION CAPITAL MARKETS ### ### CKFR: CHECKFREE PRESENTS AT FIRST UNION CAPITAL MARKETS NANTUCKET CONFERENCE CheckFree Corporation (CKFR-OTC) STOCK RATING: 2 PRICE TARGET: $41 PRICE: $29 DATE: July 9, 1999 52-WEEK RANGE: $69-$6 ANALYST: Charles Wittmann, CFA DIVIDEND/YIELD: none/nil PHONE: (804) 782-3316 ASSOCIATE: Matthew Cullen PHONE: (804) 344-6205 ---------------------------------------------------------------------- EPS ESTIMATES (FY 6/30) 1998A 1999A 2000E Q1 - September ($0.06) ($0.05)A -- AVERAGE Q2 - December (0.02) 0.00A -- VOLUME: 921,900 Q3 - March 0.00 0.04A -- Q4 - June 0.03 0.08 -- INSIDERS ---- ---- ---- OWN: 40% Full-Year EPS ($0.05) $0.07 UR INSTITUTIONS OWN: 58% P/E RATIOS NMF NMF NA SHARES OUTSTANDING: 55.8 million MARKET CAPITALIZATION: $1.6 billion ---------------------------------------------------------------------- HIGHLIGHTS FROM CONFERENCE PRESENTATION: CheckFree presented to institutional investors on July 8, 1999, at the First Union Capital Markets Nantucket Conference. Some of the highlights from this well-attended presentation follow. -- CheckFree detailed its focus on signing Internet portal companies to its bill payment and bill presentment service. Portal companies are interested in the product because CheckFree's product increases the "stickiness" of the site. We look for CheckFree to announce portal agreements with companies such as Yahoo!, America Online, and other major portal either by themselves or through their partnership with Intuit. -- Management appears comfortable with our subscriber estimate of 2.9 million for Q4'99. -- We look for Charles Schwab to aggressively roll out its Internet product that will feature CheckFree's bill payment and presentment product over the next six months. This roll-out should provide strong subscriber growth during this timeframe. -- E-Bill 3.0 product is compelling with its dynamic summary functionality. Investment Opinion: While we still believe that CheckFree is the dominant independent provider of electronic bill presentment and bill payment services, we continue to take a less aggressive stance on the shares of CheckFree. The Exchange poses a potential competitor to CheckFree on the bill presentment side, and the company has discussed a major Internet investment strategy that should delay future profitability. CheckFree has a strong market position and the ability to increase the market with agreements with portals. Such announcements may provide positive catalysts from the stock. Currently, we maintain our Outperform rating on the shares of CheckFree. Additional information is available upon request. First Union Capital Markets maintains a net trading market in the shares of CKFR. QR: 2; S&P Ranking: NR First Union Corporation has entered into a definitive agreement to acquire EVEREN Capital Corporation. The completion of such acquisition is subject to, among other things, shareholder and regulatory approval, and is scheduled for September 30, 1999. At some time on or after the merger date, EVEREN Securities, a subsidiary of EVEREN Capital Corporation and a member NASD, NYSE, and SIPC, will be merged into First Union Capital Markets Corp., a subsidiary of First Union Corporation and Member NASD, NYSE, and SIPC. First Call Corporation - all rights reserved. 617/345-2500 END OF NOTE