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Technology Stocks : CheckFree (CKFR)

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To: Benny Baga who wrote (6090)7/22/1998 10:59:00 AM
From: AugustWest  Read Replies (2) of 8545
 
If anyone is surprised about the Mellon pilot, I think I'm perhaps the most. I have been under the impression that they were strong for getting CKFR running things.

So, I called the IR dept at Mellon(412-234-5000), and Spoke to a gentleman, and his only explaination was that at this point in time, there is no clear winner and that Mellon wanted to be assured a spot in the winners camp.

I then confronted him with the notion that by signing a pilot with MSFDC, they are in sorts taking a whack at Intergion, and CKFR as well, and surely that can't help neturalize things but rather cause investors to speculate that something is going astray with the Intergion/CKFR relationship.

His tone changed to a bit of disappointment, and said that this in NO WAY affects their relationship with Integrion/CKFR, and he said if may appear on the surface to the contrary, but assured me they are happy with their part in Integrion.

I proposed a few more questions to him which he said he didn't know the answers and I was getting to technical for him. Okay. I almost believed that since he is only an I.R. rep.(or V.P. or whatever). I thanked himm for his time, and said good bye.
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