Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Benny Baga who wrote (7994)	10/9/1998 2:24:00 PM
From: DADEPFAN	Read Replies (2) \| Respond to of 8545

CheckFree Board Expands Stock Repurchase Authorization Approval Set For Repurchase Of Up To 6 Million Shares Through September 8, 1999 October 9, 1998 02:17 PM ATLANTA, Oct. 9 /PRNewswire/ -- CheckFree Holdings Corporation CKFR today announced its Board of Directors has approved the expansion of the stock repurchase program it announced September 8. The new plan expands the Company's original authorization to repurchase up to 1.5 million shares of its Common Stock, $.01 par value, through September 8, 1999, to authorization to repurchase up to 6 million shares of its Common Stock, $.01 par value, through September 8, 1999. The Board approved the repurchase of shares through or with brokers and dealers, or in negotiated private transactions with shareholders, as approved by management. The repurchased shares can be held as treasury shares or retired. Under this authority, the Company has repurchased 4.7 million shares of its Common Stock to date through a combination of market and privately negotiated transactions. The 4.7 million shares were purchased at an average price of $6.62 per share. About CheckFree Founded in 1981, CheckFree Corporation, the operating subsidiary of CheckFree Holdings, Inc. (www.checkfree.com), is the leading provider of electronic commerce services, software and related products for more than 2.4 million consumers, 1,000 businesses and 850 financial institutions. CheckFree designs, develops and markets services that enable its customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure transactions on the Internet. SOURCE CheckFree Corporation