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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (1646)	1/25/1999 5:37:00 PM
From: jerryriti	Respond to of 20297

January 25, 1999 Dow Jones Newswires Checkfree Up 22% On Rumors Of Imminent Deal With Portal Co. Dow Jones Newswires NEW YORK -- Shares of Checkfree Holdings Corp. (CKFR) gained 22% Monday on speculation that the company will announce a pact with an Internet portal company when it reports its earnings Tuesday. Checkfree, which provides electronic-commerce services, has said in the past that it was exploring relationships with portal companies. Now, company watchers are expecting that Checkfree will announce the fruit of those talks is a deal with either Yahoo! Inc. (YHOO) or America Online Inc. (AOL), said Pacific Growth Equities analyst Steve Olson. While Olson "wouldn't rule out" a deal being announced in the next several days, he said an agreement could take longer to produce. Other company watchers similarly suggested that a portal deal could be further off. A deal is more likely to be reached toward the middle of the year, said Legg Mason Wood Walker analyst Pawan Malhotra. If an agreement is reached with a portal company, Checkfree would likely provide services so that customers could receive and pay their bills online, Olson said, noting that this would represent a new distribution channel for the company. Separately, Malhotra also suggested that the stock could be getting a boost from the expectation that the company's subscriber growth was above the 5% target in the latest quarter. Spokespeople from Checkfree and America Online were not immediately available for comment. A Yahoo! spokeswoman declined to comment. Checkfree shares were recently up 5 1/8, or 17.9%, at 33 3/4, on volume of 2.1 million shares. Average daily volume is 711,740. - Nancy Beiles; 201-938-5393