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

To: Benny Baga who wrote (4908)	6/7/1998 8:28:00 AM
From: TLindt	Read Replies (1) \| Respond to of 8545

From the April 1st divesture announcement....The businesses planned for divestiture recorded collective revenue of approximately $34 million for the year ended June 1997, and were projected to generate revenue of $36 to $38 million with a modest operating loss for the year ending June 1998. From the 3rd Quarter release....Mr. Kight added, ''During the quarter, we completed our fiscal 1999 planning process and expect to achieve revenue of $265 to $270 million, and earnings per share of 32 cents for fiscal year 1999. The 1999 plan assumes the completion of the previously announced software divestiture by June 30, 1998, and revenue growth of 35 percent over fiscal year 1998.'' Little Michigan Math..... CheckFree hit 170 Mil in revenues through march...and another 65 Mil to year end...guessing. 235 Mil fiscal 1998. Now take out the revenues from the announced sales, say 35 Mil? So adjusted for divesture...sales are 200 Mil. ASSume revenues are already out of the revenue stream, OK? Now the Target revenues fiscal year end 6/30/99 are 265-270 Mil? Take the lower number 265 Mil....subtract divesture adjusted revenues 200 Mil...so the increase in revenues expected minimum are 65 Mil? Now I heard in the confrence call that they expect to 'drive 50% of revenues increases to the bottom line' in fiscal 99. If the minimum expected divesture adjusted revenue increase is 65 Mil, half of that it 32 Mil, by the 57 Mil shares out brings earnings in 1999 to .56 a share, not .32 like Pete said. Charlie can you help me out on this?

To: Benny Baga who wrote (4908)	6/7/1998 10:17:00 AM
From: Brooks Jackson	Read Replies (1) \| Respond to of 8545

Benny: This is news to me, and something I'd like to hear more about. Personally I have NEVER had a problem with a CKFR payment in the eight years to so that I have been using the service (first via a very low version number of "Managing Your Money") That's just one customer's experience, I grant you, but from where I sit quality is 100% < The Genesis project should help automate some of the help desk operations> Could you elaborate a little? Is there a problem with customer help? I've never had to use it. Personally, I HATE those systems that say "press 3 if you are using Windows, press 4 if you are using DOS..." <...make the payment processing more consistent.> What are the problems here? I've always thought that quality of service was one of CKFR's strongest points. And that a breakdown in quality of service would be potentially a disaster -- imagine what would happen if a software glitch started sending people's to the wrong merchants, or on the wrong dates. You think AOL had problems over a few busy signals? Try screwing with customers' mortgage payments! < Big Banks may look to other third parties for the level of service that they require> Who's got better quality of service? Am I wrong in thinking that MSFDC has a lot more to prove than CKFR? And a lot more to lose if they rush their vaporware to market with bugs in the system? (Personally, given Microsoft's track record, I wouldn't be surprised to see MSFDC's system crash in the real world the way Windows 98 crashed during Gates' appearance at COMDEX, or wherever that was.) I didn't mean to be so long-winded -- but you raise a vital point and I hope you will share your knowledge and concerns in greater detail.