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

To: TLindt who wrote (4307)	5/19/1998 5:12:00 PM
From: Benny Baga	Respond to of 8545

>>>1. When do the warrants expire? Found the answer at the Integrion Web Site: "Integrion will acquire 10-year warrants exercisable at 20 15/16 for 10 million shares of CheckFree Corporation; 3 million that vest within 60 days and 7 million to be vested upon achievement of certain performance targets. Any shares obtained by Integrion upon exercise of the warrants will be subject to transfer restrictions. With the commitment from Integrion and adoption of electronic commerce in non-Integrion financial institutions, management believes that 12 to 15% of U.S. households will be using online banking and electronic billing and payment services before the warrants fully vest. Management believes this ensures that Integrion, CheckFree and the entire financial institutions community are driving towards a penetration rate over the next four years that will strongly benefit CheckFree and its shareholders as well as the financial institution community." ...Ten years, I wonder how much CheckFree will be going for in 10 years? Benny