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To: Jerry Miller who wrote (19201)	1/27/1999 8:12:00 AM
From: John Carragher	Respond to of 27307

CheckFree Signs Net Pact With Unnamed Party CheckFree Holdings Corp., Atlanta, said that in a bid to expand rapidly its electronic billing and payment capabilities on the Internet, it signed an Internet-distribution contract with an unnamed party. The party is widely speculated to be Yahoo! Inc. A spokeswoman for Yahoo, a leading Internet portal company in Santa Clara, Calif., declined to comment late Tuesday. In an interview, Pete Kight, president and chief executive officer of CheckFree, said the contract, which specifies confidentiality, would help it to open up electronic billing and paying to a far wider range of users. CheckFree, which has been performing electronic billing and payments on the Internet through some banks' Web sites for several months, said it will incur about $4 million in incremental expenses and spend as much as $2 million more in capital expenditures on the venture through the end of its current fiscal year, which ends June 30. It said it doesn't expect "material revenue" from the pact in the current fiscal year. Mr. Kight expects that in fiscal 2000, the revenue generated will cover the incremental costs of implementing the venture.