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To: AugustWest who wrote (6719)	8/12/1998 3:55:00 PM
From: Longterminvest	Respond to of 8545

If this helps all you long guys... This post is intended only for our friends who appreciate objective information and this comes straight from WALL STREET, -------------------------------------------------------------- FOR INTERNAL USE ONLY Post CheckFree conf call. We will be revising our EPS estimates down to the guided range (as we mentioned this morning) from 32 cents in 1999 to the 12-16 cent range. We will also revise our price target to $34-35 from $42. While the visibility remains low for the next 6 months, and catalysts and expectations are low, we reit our Buy as we do not believe there is a managment execution story but a transition phenomenon as banks move to web-based marketing from a PC-based marketing. Metrics: Stock is down 45% approximately on a 20% guided estimate, lower on the revenue line and is now trading at about 3x fiscal 99 revenue. We reit our Buy at this level. - - - - ------------------------------------------------------------ This is from JP Morgan.he is being typical of supportive to the management. I respect the guy but at this point, clients won't listen to him. hence he doesn't have clout to push the stock up. hence the stock will trade in this range of 12-14 range for some days. Also there may be a dead cat bounce tomorrow. It will take a miracle like AMEX or something to drive the stock up from here.