"What's the story with InteliData?", article published today:
Date written: 03/08/2000
By: Lou Ambio
The story behind Intelidata (NASDAQ: INTD) is very intriguing. The stock has soared since
the beginning of November from $1.50 a share to over $15 per share. The company is a leading
supplier of Internet banking and billpayment solutions, and along the way they have inked
contracts with many of the nations top banks. In fact, eight Eight of the top 100 U.S. banks are
customers of InteliData's current generation of Internet banking products and services, and twenty
of the top 100 U.S. financial institutions and financial service providers have utilize InteliData's
products and services for their electronic financial delivery.
Their products give their customers total control of customer information and payment
processing, while providing the institutions with scalable and reliable Internet transaction and
processing. Presently the company has added such prestigious customers as Fleet, Summit Bank,
Integrion, Mid-Atlantic, and Bank West.
Furthermore the company will be showcasing its technology to more than 1500
decision-makers from many different US financial Institutions at . at American Banker's Best
Practices Conference, March 12-14, in Phoenix; BAI's Internet Banking Conference, March 22-24,
in Miami; and American Banker's Electronic Bill Presentment and Payment Conference, April 2-4, in
San Francisco. At these conferences the company will show-off its latest consumer interface
Web browser software as well as its full suite of Internet banking and bill payment technologies. If
the company's technology is as good s many investors are showing they believe it is, these
conferences could really add to INTD's customer base, which of course will greatly improve the
company's revenue stream.
In the companies last earnings release their were many positive signs coming out of the
company. Though the company's revenue appeared almost flat year over year, their Software and
services revenues combined have doubled year-over-year, with four consecutive quarters of
growth through 1999. Furthermore because of Sybase's agreement to acquire Home Financial
Network their will be an infusion of equity into InteliData of approximately $5.8 million in cash and
1.77 million shares of Sybase common stock.
Shares have been hitting the market as WorldCom, one of the companies largest investors
has declared bancrupcy. However, if the company puts on a real show at the up coming
conferences for the financial institutions the stock could experience a tremendous boost as the
company still only boasts a market capitalization of $527 million.
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