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

To: TLindt who wrote (2815)	3/24/1998 12:57:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 8545

In terms of stock market investing, CheckFree is riskier than First Data, said analyst Robert Bolen with J.C. Bradford in Nashville, "because it's a pure play on electronic bill paying, while First Data is a large, diversified, well-established credit card processor that's sticking its toe into electronic bill paying. But with a pure play and higher risk comes a higher reward potential." Interesting spin. If you're looking for a pure play on e-billing, CKFR is it. BTW, I added considerably to my position today. Pat

To: TLindt who wrote (2815)	3/24/1998 1:00:00 PM
From: Benny Baga	Read Replies (1) \| Respond to of 8545

A fairly objective article, a few mis-statements: "I think (Internet billing services) could add to First Data's revenue base $500 million to $1 billion within a couple of years." "The company has bled red ink since its inception in 1981 because of the costs of installing its electronic payments systems in an ever-widening base of banking clients." ...These statements would let you believe that CheckFree has never turned a profit, and that of course is false. Also the article would leave you believe that FDC can somehow avoid these costs that CKFR has had, It mentions 1 billion dollar revenue, but doesn't mention cost. "CheckFree, which should turn profitable in June, having never had a profit," analyst Davis said." ...Well, he's in for a shock in about four weeks. Benny