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Technology Stocks : CheckFree (CKFR)

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To: Kurt Peterson who wrote (80)2/1/1997 3:32:00 PM
From: kolo55   of 8545
 
Already signed banks with 140 M accounts!

And more coming. Wow. My earlier estimate on this thread was 40 M. Even with only a 10% penetration, this is 14M customers, while currently CKFR has 1.2M. When penetration hits 20%, which I believe will happen sooner than anyone expects, thats 28M customers. Talk about exponential growth.

Frankly I was happy the company lost as little as they did; I hope they are spending enough to ramp capacity up quickly enough! We don't want to pull an AOL!

Keep up the good work CheckFree employees.

BTW Took the recent stock price weakness as an opportunity to buy 800 more shares. I believe that overhang of Intuit's million shares is creating a buying opportunity window. Long term investors, this is a good time to pick up shares! I don't think there will be a better opportunity than this later.

Paul
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