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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Benny Baga who wrote (3235)3/4/1999 8:34:00 AM
From: micny   of 20297
 
I think it's time for Intuit holders to take a really hard look at the company's future. When CKFR bought out ISC Cook was right on the verge of losing a major distribution channel..the banks, because they couldn't tolerate the horrible service on the bp side, and the "daily batch file update" process they employed for banking info sucked, given the then available ability to provide on-line real time access.

Now, with the move by the biggies to internet banking, with legacy systems and EBPP integration, the banks are once again going to "reconsider" whether they want/need to offer the quasi co-branded Quicken product. Some will choose not to, and will incent customers to proprietary offerings, costing Intuit a low cost (banks do the marketing) distribution channel. When they do that Intuit will have to fight like hell just to keep users , who would then not have access to banking data no-how,no-way (their only hope is to get them to switch to a Quicken bank). Their acquisition and retention costs per customer are going to escalate and their margins will shrink. Product will not be adequate! Keeping CheckFree off the portals is not the answer to their problems.
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