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: TLindt who wrote (7757)	7/7/1999 10:25:00 PM
From: Charlie Smith	Read Replies (1) of 20297

T: "WHY DOES PETE KIGHT KEEP SAYING THIS ISN'T A SOFTWARE BUSINESS...THIS IS A SERVICE BUSINESS?"...I'm missing something very important here I'm sure. But if a toaster is going to replace personal service...why spend the money? The transition cannot be made without help for TODAY'S typical bank customer. My 12-year-old son will never give a second thought to e-banking, but we can't span the next 10 years without serious hand holding. Eventually your "toaster" will have the coded failsafes built into it which an army of call-center types provide today, but we're not there yet. Pete is building (hopefully) a giant database today which represents tomorrow's "moist towelette" of consumer banking. In the meantime, it's fascinating that the consultants (Gartner) see the portal as the key intermediary, while MSFT sees the bank as the key. For consumers, IMO, the portal represents the future of banking. The liability side of a bank will be a branded checkbook applet pasted to a room full of disk drives and fiber optic lines. CKFR will be the back end. On the asset side, we'll have pure securitization, with credit scoring models doing 90% of what passes for credit analysis today. What a world it will be! Charlie

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