Use StringTokenizer..
String str="|serialNo|checkDelta?|checkFuture?|checkThis?|"
StringTokenizer st=new StringTokenizer(str,"|",false);
String s1 = st.nextToken();
String s2 = st.nextToken();
String s3 = st.nextToken();
String s4 = st.nextToken();
s1=serialNo
s2=checkDelta?
s3=checkFuture?
s4=checkThis?
Refer to javadocs for reading about StringTokenizer
http://download.oracle.com/javase/1.4.2/docs/api/java/util/StringTokenizer.html