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Technology Stocks : CheckFree (CKFR)
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To: Benny Baga who wrote (2443)3/11/1998 9:08:00 AM
From: BitWizrd  Read Replies (1) of 8545
 
>>Founded in 1983, Princeton TeleCom is a leader in developing and operating electronic bill presentment and payment services for large corporate bill senders.

Ok, this is a laugh-riot.

Princeton TeleCom is nothing like a leader in any of the industries this piece of fluff says it is.

PT is in the business of receiving electronic payments on behalf of other companies and banks that may not wish to develop this capability on their own. PT is a payment concentrator, and only aspires to the rest. Full stop. End of story. Period.

This company has *never* been a CheckFree competitor, is not even in the same LEAGUE, though for years now it has imagined itself to be. There was some ugliness five years back where *rumor* had it the company was in trouble for sitting on funds a bit longer than truly necessary to collect interest on the float. It certainly has no bill presentment product. It's even less of a product than MSFDC's current offering.

PT has relationships in place with those companies for whom it receives bill payments, and the PR seems to indicate that it intends to try to leverage these relationships and try and sell its existing customers an as-yet non-existant presentment service.

This is not the bad news that PT would want us to believe it is. Ah, me, I needed a good laugh ...
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