CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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

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To: Brooks Jackson who wrote (6384)	6/15/1999 10:13:00 PM
From: Erik T	Read Replies (2) of 20297

It's about building the business...not pumping up or even supporting the short-term stock price. They are developing a history of doing this which hopefully will eventually prove profitable. Amazon and Etrade are doing it also. They are very plainly delaying current profits to secure longer-term market share. All the while, as they strive for market share, the government is helping pay for it through delayed taxation. Why not use those tax dollars for the company's benefit, just when the company needs it most? Imagine if Checkfree won the $20 million Lottery and could now spend that extra money on advancing it's product market share; everyone here would be jumping for joy. This is happening with the share repurchase and now secondary offering. Even when the repurchase was announced some people on this thread were upset saying that money should go to expanding the sales force to boost use of the product. Not only is Checkfree taking the correct action, they are using essentially free money, plus the bonus of delayed taxation. For once Checkfree is promoting its product, not relying on banks or other third parties. This was used as a criticism in the past. No longer. Besides, the timing is better now. Banks are rolling-out web based banking. The portals are running at all-time usage loads, but they realize that their growth is slowing as people seek out sites with more specialized info. The portals need new sticky content. My only question here is if the portals need this content, why are we not hearing more about them promoting it? Now we hear about a plan to target and expand person-to-person payments, such as the exploding business of online auctions. This is such a natural extension of their pay anyone capabilities. They could draw hundreds of thousands to millions just in this domain of e-commerce. Very exciting. And there's always the prospect of the business-to-business market to support a high P-E, no matter how well they do with consumer payments. This company is so well-poised for the e-commerce explosion. They just need to stop forcasting. They do it so badly. (Just like us). :-) This is now one for the patient investor. Hang-on Rob C. That light at the end of the tunnel is not an on-coming train, it's a gold mine. The hype is out. They need to execute. Good luck to us all, Erik (IMHO)

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