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To: AugustWest who wrote (26)	3/5/1999 1:41:00 AM
From: AugustWest	Respond to of 103

CheckFree Public Statement Regarding Published Commentary on Intuit's Filing a Complaint Against CheckFree on March 3, 1999 Thursday March 4, 4:21 pm Eastern Time Company Press Release SOURCE: CheckFree Corporation ATLANTA, March 4 /PRNewswire/ -- The following statement was issued today by CheckFree Corporation: CheckFree Corporation (Nasdaq: CKFR - news) is issuing this statement in light of what the Company believes to be a market over-reaction to, and misinterpretation of, the news that Intuit (Nasdaq: INTU - news) has filed a complaint ''seeking damages and injunctive relief against CheckFree.'' While it is CheckFree's corporate policy to not comment publicly on matters under litigation, and we have a confidentiality commitment to our partner Intuit, we must also consider our fiduciary responsibilities to investors. In this situation, we have determined that the interest of the investing public takes precedence, and for that reason there are a number of facts that we must publicly state. They are as follows: (1) The contract with a high-traffic Internet aggregation site that CheckFree announced in its January 26, 1999 press release is not affected by this action, and is not at risk. Intuit is supportive of this relationship, and will support the public announcement of it as soon as our partner is ready to do so. (2) Regardless of the outcome of this action, CheckFree will be supporting bill presentment and payment through Internet portals, and will be fairly compensated for its efforts. (3) There is nothing in Intuit's complaint against CheckFree that seeks to restrict CheckFree from continuing its success in signing electronic billing and payment contracts with billers. Finally, CheckFree would like to note that Intuit has authorized us to communicate that Intuit agrees with the issuance of this statement, and agrees with the facts presented. SOURCE: CheckFree Corporation

To: AugustWest who wrote (26)	3/5/1999 1:43:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 103

CheckFree says market over-reacts to lawsuit Thursday March 4, 10:13 pm Eastern Time ATLANTA, March 4 (Reuters) - CheckFree Corp. (Nasdaq:CKFR - news), a back office payment services provider, said on Thursday that the market over-reacted to news on Wednesday of a lawsuit filed against the company by Intuit Inc. (Nasdaq:INTU - news). CheckFree shares fell 11 percent on Thursday, closing down four at 31-1/2. However, in addition to Intuit's lawsuit, the stock was hurt after Lehman Bros downgraded the stock on Thursday morning. Intuit, a personal finance software giant, said on Wednesday it sued CheckFree in a contract dispute. In response to the Intuit lawsuit, CheckFree said in a statement that regardless of the outcome of this action, it will still support bill presentment and payment through Internet portals, and will be fairly compensated for its efforts. CheckFree also said that there is nothing in Intuit's complaint that seeks to restrict CheckFree from continuing to sign electronic billing and payment contracts with billers. In addition, CheckFree said it contacted Intuit before issuing the statement and that Intuit ''agrees with the issuance of this statement, and agrees with the facts presented.'' biz.yahoo.com