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Technology Stocks : CheckFree (CKFR)

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To: pat mudge who wrote (2329)	3/6/1998 12:46:00 PM
From: TLindt	Read Replies (1) of 8545

That's why I've always said....what is good for Intuit is Extremely good for CheckFree. Currently CheckFree is Backend on Quicken Products and the MS Money Line. When MSFDC is operational...MSFDC will be the default 'backend' no doubt. So we lose Money. You can look at MS Investment in MSFDC in this light...they are a direct partner with FDC. The Intuit/CheckFree deal is similar...but different. Intuit has an equity investment of 10.6 Million Shares of Checkfree...so they are too making an Investment in their backend provider. Whereas MS is building their own from scratch. Important to see how the banks align with the PFM's Integrion & Intuit are already together....MS Money has not participated to this point. So you have Integrion/Intuit/CheckFree vs. MS/FDC. What is good for Intuit is extremely good for CheckFree. Especially the Mega Site Intuit is building Quicken.Com. It's basic now...but I see it becoming a cyber 'new york', a virtual financial services center. BTW Intuit has a good track record of winning against MS.

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