CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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

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To: jjs_ynot who wrote (3119)	3/3/1999 12:13:00 PM
From: TLindt	Read Replies (3) of 20297

Na...from the tone and content of the release this has to do with 'distribution channels' outside out Intuits own. The complaint states that Checkfree is not complying with the terms of its April, 1998 bill presentment agreement with Intuit. In the 1998 contract, Checkfree agrees to support Intuit web-based bill presentment products with its processing services, and not to offer web-based bill presentment products of its own in certain distribution channels. biz.yahoo.com Atlanta, GA, April 27, 1998 -- CheckFree Corporation (NASDAQ:CKFR) and Intuit Corporation (NASDAQ:INTU) announced today an agreement for CheckFree to provide electronic bill presentment and payment processing for Intuit's Quicken(R) personal financial management software and Quicken.com(TM) Web site. CheckFree is the exclusive major integrated bill presentment and payment provider to Intuit. bla bla... "The alliance with CheckFree is yet another example of our commitment to provide the best online financial services available," said Eric Dunn, Senior Vice President and Chief Technology Officer at Intuit. "CheckFree continues to be the undisputed leader in advanced and reliable electronic bill presentment and payment processing." investquest.com Then in November.... Princeton, NJ -- Princeton TeleCom Corporation announced today that it has signed a letter of intent with Intuit Inc. (NASDAQ: INTU) to make bill statements published by Princeton TeleCom available through Quicken® and eventually Quicken.com. The deal furthers the company's goal of making its billing companies' bill statements available on as many presentment opportunities as possible. bla bla... As a strong advocate of open standards, Intuit supports Princeton TeleCom's standards-based approach to bill presentment and payment," said Eric Dunn, Senior Vice President and Chief Technology Officer at Intuit, based in Mountain View, CA. "We look forward to working with them to provide bills to Quicken and Quicken.com users." princetontele.com I don't know, but some how we went from Intuit's exclusive provider in April 1998...to just one of some by November 1998. I'd really like to just read that April 1998 agreement at this point. Because it sure looks like it was a one way street and Intuit is the policeman.

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