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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?


To: TLindt who wrote (1074)12/23/1997 2:59:00 PM
From: pat mudge  Read Replies (2) | Respond to of 8545
 
More housekeeping????

This just came over the Dow:

<<<
CheckFree Corporation and Former Subsidiaries

Now Under Single Corporate Entity

ATLANTA, Dec. 23 /PRNewswire/ -- CheckFree Corporation, (Nasdaq: CKFR) today announced formation of CheckFree Holdings Corporation, the centerpiece of a corporate structure enacted by the Board of Directors on December 22, 1997.

It is anticipated that the new corporate structure will substantially streamline administration and operation of the business of the company. Under the new structure, CheckFree Corporation, along with its former operating subsidiaries, become subsidiaries of CheckFree Holdings Corporation. CheckFree Holdings Corporation has substantially the same certificate of incorporation, bylaws, officers and directors that CheckFree Corporation had prior to the reorganization.

The outstanding shares of common stock of CheckFree Corporation have automatically exchanged on a share-for-share, tax-free basis into shares of CheckFree Holdings Corporation. CheckFree Holdings Corporation shares have the same rights and terms as the old CheckFree Corporation shares, including the stockholder rights plan, and will continue to be traded on the Nasdaq Stock Market under the symbol "CKFR."

About CheckFree

Founded in 1981, CheckFree Corporation (www.checkfree.com) is the leading provider of electronic commerce services, software and related products for more than 2 million consumers, 1,000 businesses and 850 financial institutions. CheckFree designs, develops and markets services that enable its customers to make electronic payments and collections, automate paper- based recurring financial transactions and conduct secure transactions on the Internet.

SOURCE CheckFree Corporation

CO: CheckFree Corporation

ST: Georgia

IN: FIN CPR

SU:

12/23/97 14:33 EST prnewswire.com



To: TLindt who wrote (1074)12/24/1997 12:05:00 AM
From: chirodoc  Respond to of 8545
 
This explains why these net stocks have been stable in downdraft

CI: Nearly 37 Million PCs Regularly Access The Internet In The U.S.

Microsoft Internet Explorer Gains on Netscape Navigator

As Internet Growth Slows

LA JOLLA, Calif.--(BUSINESS WIRE)--Dec. 23, 1997--Recently released research by Computer Intelligence (CI), the leading source of fact-based information about the computer and communications industries, shows that 36.9 million PCs are regularly accessing the Internet in the United States. The figures are from CI's Midyear Update to its 1997 Consumer Technology Index study.

CI's research showed that in January 1997, 31.1 million U.S. PCs regularly connected to the Internet, an increase of nearly 70 percent over January 1996. By August 1997, the number of PCs connecting to the Internet on a regular basis had grown to 36.9 million - ''only'' an additional 19 percent.

According to CI's data, 37 percent of all U.S. PCs were regularly connecting to the Internet in August 1997. Growth in the number of Internet users in the last seven months has been stronger in businesses (28 percent) than in the home (16 percent) or the self-employed markets (5 percent). ''While the Internet remains the nexus of activity in the PC and telecommunications industries, the growth in the number of users of the Internet is clearly slowing,'' said CI Senior Industry Analyst Dave Tremblay.

E-mail and Web-surfing remain the most common Internet applications in 1997, according to CI, used by over 80 percent of those who connect to the Internet. A minority of users purchased something over the Internet - including 17 percent who used financial services, 10 percent who purchased PC products and 6 percent who purchased other consumer electronics products. In addition, 26 percent of Internet users did surf the 'net looking for information that they used for other purchases they made. Although still small, the number of users who purchased something on the Internet has continued to grow since the beginning of the year.

While Netscape's Navigator remains the most often used Web browser, its share of users has declined - from 63 percent in January 1997 to 58 percent in August. Microsoft Internet Explorer's share has grown from 12 percent to 21 percent in the same period.

''Microsoft's relentless efforts in the browser market are bearing fruit,'' said Tremblay. ''Microsoft has gained more than eight points of share and 4.1 million browser users since January. While Netscape has also gained users, its browser lost nearly five points of share over the same period. More serious for Netscape is where its share loss has been highest - in the business market. Netscape has lost relatively more share among business users, the fastest growing Internet segment and its relative stronghold, than it has among home users. Netscape's strategy is built on success in the business market - our latest research shows that Internet Explorer has hit Navigator hardest in this target market.''

These results are drawn from the Mid-Year 1997 Update of CI's twice-yearly Consumer Technology Index (CTI) study. CTI is the largest, most comprehensive research effort focusing on personal computer, communications and home technology usage in the United States. Final survey results are based on a detailed 8-page written questionnaire on the types and brands of equipment used at home and in the workplace, which was mailed to over 7,500 U.S. households.