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Technology Stocks : CheckFree (CKFR)

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To: Alan Gallaspy who wrote (797)11/29/1997 9:47:00 AM
From: TJK   of 8545
 
Alan,

If First Data isn't CKFR's main competitor long-term then someone else will be. Does anyone really think that CKFR will control 100% of the electronic bill processing environment? Frankly, I would be quite happy with a 40-50% market share. In 5 years this market will be massive, and in 10 years who knows, 90% of all payments may be transmitted electronically (i.e. there's room for multiple competitors).

Since Checkfree has such a dominating position currently, and banks will be reluctant to change (it certainly won't be easy to integrate a new electronic processor - this will deter change) something that is working very well, I have to believe CKFR will be a great investment over time (5 years).

Goodluck,

TJK
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