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Technology Stocks : CheckFree (CKFR)

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To: Benny Baga who wrote (8468)11/3/1998 2:09:00 PM
From: Robert Gintel  Read Replies (1) of 8545
 
I think the EDS deal will bring into the fold another 400-500 smaller community banks that EDS services. Collectively, maybe they equate to one really large bank contract. Perhaps just as important, it would appear to signal that CKFR and EDS are prepared to work together again after the prior attempts failed. Perhaps when EDS went off on their own, they found they couldn't do it alone and needed Checkfree. Just another piece in the mossaic that is being put together to create a strategically powerful, well intrenched infrastructure to capitalize on the boom we think is coming.

The portal access that is being worked on will probably be a first quarter calendar 1999 event and had to get leaked out so that Checkfree's bank customers would not be blindsided by the news that Checkfree wasn't waiting for them to get their act together and intends to open direct access to its services through a number of internet service providers.

The pieces to the puzzle are coming together, not withstanding the many hurdles, frustrations, and delays involved in making all this work, and work properly.

As investors, we should focus on the Spring of '99 for developments and events that will prove to the rest of the world what we here have believed in so strongly and fervently. Pete needs another year to make all this come together.

It will pass more quickly than we now realize.
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