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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: TLindt who wrote (9260)8/20/1999 12:00:00 PM
From: TLindt  Read Replies (1) of 20297
 
Specifically this..."Hanging together on the issue of technology has been totally BITS doing" Mr. Crutchfiled said last week. That made him more then happy to be chairman, a role he expects to relinquish next year. His job description: "To be the line between the technology people and the CEOs who are not technology experts, to bridge the gap, to hold us together as an industry when dealing with the the Bill Gateses of the world, the Checkfrees, anybody who thinks they might be able to come in and pick off pieces of our business".

Blaaa...Blaaa....Blaaa.

Mr. Crutchfield pondered the rare moment in banking history that gave rise to BITS. "Industry consolidation enabled a relatively small number of industry leaders to make things happen." he said, "yet a maze of payments systems and clearinghouses could not be restructured or streamlined without buy-in from from institutions of all sizes and interests."

Take some of that with their Mission Statement.
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