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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: jjs_ynot who wrote (2137)1/30/1999 8:42:00 PM
From: micny  Read Replies (1) of 20297
 
Dave, I"m not so sure that will be the case. I applaud Pete & co. for pushing the banks by employing the biggest billboard (the internet) in the world, but remember the parable about the tortise and the hare?

In the last thirty years banks have been rumored to be on the brink a number of times and yet they continue to do pretty well. They've fought off disintermediation brought on by S&L's ability to offer transaction accounts, by the advent of the money market account and mutual funds, and by all kinds of product offerings from diversified financial services providers etc, and yet, like the energizer bunny, they keep on coming.

We're still in the "market education" phase of this race, and the portal deals will do more to educate the market than Pete could ever think about doing...or the banks would do, but I think that as mass adoption occurrs the banks will be prepared with competitive offerings, and they and CF will benefit from the market education now being undertaken. JMHO
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