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Technology Stocks : CheckFree (CKFR)

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To: TLindt who wrote (3259)4/13/1998 10:59:00 AM
From: Brooks Jackson   of 8545
 
Tom: I think a sale of CKFR is unlikely for the following reasons:

--Pete Kight (why sell now when we all think it will be worth much more later?)
--INTU (owns close to 20%)
--Bob Gintel (his fund owns, what? 5-6%?)
--Integrion (also owns a slice with warrants to buy more as growth targets are met)

And finally, IMO the company is in a much better position to keep the confidence of its customers if it is independent. What bank would entrust its billpay service to CKFR if another bank owned it? What big biller would entrust its e-bill service to CKFR if a major competitor owned it?
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