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To: chirodoc who wrote (1576)	2/15/1998 2:54:00 AM
From: TLindt	Read Replies (2) \| Respond to of 8545

Hey doc.......these 2 lines in the segment info have been on me all day. Look at the 3 Month Revenue for December 31, 1997. Look then at the 6 Month Revenue for December 31, 1996. Damm near the same 32/33M. Now look at the losses......... BIG DIFFERENCE!!!! SEGMENT INFORMATION Three Months Ended Six Months Ended December 31, December 31, ---------------------------- ----------------------------- 1997 1996 1997 1996 --------- ---------- ---------- ---------- Operating Revenue: Electronic Commerce $ 32,660 $ 17,085 $ 62,966 $ 33,585 Operating Income (Loss): Electronic Commerce $ (210) $ (5,216) $ (1,102) $ (9,148) How did they explain the lines? Favorable operating results are primarily due to the continued revenue growth as well as continued efficiency improvements in remittance and customer care costs, reduction in costs from the integration of the ISC acquisition and significant economies of scale and leverage inherent in the segment's business model. Cost improvements in customer care and remittance are the result of growth in electronic payment percentage year over year.