FDC : First Data Corp Message Board

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Technology Stocks : FDC : First Data Corp

FDC 31.69

0.0%

Aug 5 5:00 PM EST

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To: Chang-Shing Perng who wrote (95)	9/24/1997 7:29:00 PM
From: Thomas C. White	of 323

Down because of First USA Paymentech (PTI) problems. PTI has been getting crushed the last week or so. PTI is a very small competitor to FDC. It was a spinoff of First USA's merchant processing operations after BancOne bought First USA. They are having a lot of problems including pricing pressure on merchant services. Analytical comment today is that it is company specific and not indicative of problems for FDC. So, this may be a buying opportunity. I may buy some more tomorrow, even though it's already my largest holding.

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