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

To: zuma_rk who wrote (4781)	4/20/1999 11:25:00 AM
From: Ed Flynn	Respond to of 20297

EOFFERING Takes a Stand in the Internet Electronic Payments Sector SAN FRANCISCO, April 20 /PRNewswire/ -- The following is being issued by EOFFERING, a member of the National Association of Securities Dealers, CRD number 36717: EOFFERING initiates coverage on five payment stocks in retail, wholesale, corporate and bill presentment and payment. Analyst Gary R. Craft, CFA, has initiated coverage with Buy ratings on Transaction System Architects (TSAI) and Fundtech (FNDTF), Attractive Ratings on Bottomline Technologies (EPAY) and Cybercash (CYCH) and a Hold rating on Checkfree (CKFR). These five companies represent the drivers to electronic infrastructure development which is automating the way all existing payment networks clear and settle transactions as well as new electronic bridges that help move traffic from the Internet to these networks. In the bill presentment and payment market, the shift from fat client home banking services to thin client services is causing some concern for legacy organizations, yet Craft does believe that Checkfree can bridge this gap and move to the thin client model. Moreover, the corporate payments market is undergoing its own set of dynamic changes favoring the fortunes of Bottomline Technologies. EOFFERING, an online investment banking firm funded in part by ETRADE Group, Inc. and Sandy Robertson, founder and former CEO of Robertson Stephens & Co., provides full service Investment Research and Capital Markets capabilities to Institutional and Individual Investors. If you would like a copy of this report, then please visit the Company's website at www.eoffering.com. SOURCE: EOFFERING