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

To: g_m10 who wrote (3399)	3/5/1999 2:32:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 20297

Thursday March 4, 10:13 pm Eastern Time CheckFree says market over-reacts to lawsuit 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.''

To: g_m10 who wrote (3399)	3/15/1999 1:23:00 PM
From: DMauch	Respond to of 20297

Hope you don't mind my picking a slow day to ramble a bit. I think this is a terrific thread (and company). After reading all the great posts since I first bought CKFR last September, I finally became a paid subscriber today. Thank you all very much for your valuable insight. CheckFree is my single largest (though still very modest) holding. And I'm a First Data employee. From a previous post: "makes me wonder what kind of relationship Lehman has with MS/FDC/CITI" Though I do not believe Lehman's downgrade has anything to do with any past/present relationship with FDC, they were at one time (early '90s) both part of American Express. FDC was known as American Express Information Services before it was spun off, and Lehman (I believe) was part of Salomon which was owned by American Express at the same time. FDC, I think, also does the transfer agent work for Lehman's mutual funds. I wish you all a very profitable future.