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

To: AugustWest who wrote (3529)	4/25/1998 9:36:00 PM
From: jjs_ynot	Respond to of 8545

FYI a post by Last Shadow on the Market Gems thread >>>To: AlienTech (8513 ) From: LastShadow Saturday, Apr 25 1998 9:16PM ET Reply # of 8516 FDC Heavy accumulation on FDC at close yesterday on a strong base. One other item of note is that Western Union obtained an exclusive, worldwide, license to use technology developed by Electronic Data Systems (EDS) that enables consumer initiated cash and cash equivalent transfers through ATM machines. By itself this could develop into a very significant operation, but because it appears that the United States government will require electronic funds transfer for their recurring payments, this service, when fully operational, could be very important to Western Union, and therefore First Data. ls <<<

To: AugustWest who wrote (3529)	4/26/1998 11:21:00 AM
From: Rob C.	Respond to of 8545

A release that mentions CKFR.... JERUSALEM, April 26 (Reuters) - Lehman Brothers said in a report that it had raised its 1998 earnings estimate for Israel's Fundtech Ltd <FNDTF.O> but maintained the software company's "1-Buy" rating. Analyst Patrick Burton said he raised Fundtech's 1998 earnings per share (EPS) estimate to $0.44 from $0.41 following better-than-expected first-quarter results. "Fundtech announced first-quarter results above expectations," he said. "EPS were $0.03 versus a loss of $0.07 in first-quarter 1997 and above our break-even forecast." Burton kept to his EPS estimate for 1999 at $0.76 but indicated an upward revision would be following. He said the company's acquisition of two of CheckFree's <CKFR.O> software lines, which had total sales of $9 million in 1997, would substantially increase Fundtech's revenues starting this year. "Given our 1998 revenue forecast for Fundtech was $16.1 million, this acquisition materially impacts our 1998 and 1999 revenue forecast," Burton said. "We view the deal as neutral to 1998 EPS and accretive to 1999 estimates." Burton issued a 12-month price target of $27. On Friday, Fundtech closed at $21.625 on the Nasdaq. REUTERS Rtr 08:35 04-26-98 Copyright 1998, Reuters News Service c 1997 DLJdirect. All Rights Reserved. Copyright c 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. or such other notice as may be agreed by the parties in writing.