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

To: Gregg Soster who wrote (5524)	7/1/1998 10:32:00 AM
From: TLindt	Respond to of 8545

On that Strong Buy from Yahoo! MSG Board... messages.yahoo.com@m2.yahoo.com Pacific Growth Equities initiated a strong buy with a 12 month target of $42.00. An excerpt follows. Where you been PGE? CheckFree has crossed into profitability, and is poised for rapid earnings growth Over the last few years, CheckFree has invested heavily in acquisitions and technology development, leading to significant losses. However, the Company turned cashflow positive in Q4:97 and earnings positive in Q3:98. We believe that the growth in online banking will provide the processing scale needed to drive a steep ramp in earnings for the Company over the next several quarters, providing investors with a more tangible foundation for valuation. We rate CheckFree a Strong Buy with a 12-month price target of $42 based on 45 times our FY:00 (June) EPS estimate of $0.94.