Checkfree Holding Corp. has sharply reduced its earnings expectations, citing reduced interest by banks in home banking as they focus on the year- 2000 problem, mergers, and other issues.

The company, which provides electronic bill paying to more than two million consumers, said it expects to earn only 12 to 16 cents per share in fiscal 1999, which will end next June 30. The company lost 6 cents a share in the fiscal year just ended, but analysts' consensus estimate for the next one had been 32 cents, according to First Call.

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