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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: zuma_rk who wrote (775)12/18/1998 5:44:00 PM
From: TLindt  Read Replies (2) of 20297
 
It represents a play on home banking transactions from both the consumer and small business sides of the market. General industry forecasts call for rapid increases in home banking transactions from 200 million transactions currently to more than 1.4 trillion by the end of 2000. Of the 200 million transactions processed in 1995, we believe about 70 million (40%) were processed through Checkfree. Its market share has grown through the acquisition of Intuit Services Corp. and continued success increasing its bank feeder system. It is also a leading participant in the emerging electronic bill presentment market, where it matches bills with consumers through its service bureau managed on behalf of banks.

Across 15 billion recurring bill payments annually, we believe Checkfree's addressable market to be $1.5 billion or more.

Let's see from 200 Million to 1.4 Trillion? Is that right? That a 7000 fold increase in volume.

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