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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: jjs_ynot who wrote (3209)3/3/1999 10:52:00 PM
From: Sam Biller  Read Replies (3) of 20297
 
I really like this guy...think we could convince him to come over to SI...from Yahoo board.

Some Comments Regarding Lawsuit
by: buffett_2000 3296 of 3296
1. Within 1 week everybody here and elsewhere will have forgotten about the lawsuit and life will go on as usual. I don't think this lawsuit is a big deal because:
a) judges rarely issue temporary injunctions (TI) except in cases of "irreparable harm" with burden of proof to plaintiff.
b) after TI count is thrown out, it will take another couple years before the case is heard before the court.
2. INTU is YHOO-envy because their shi*ty site is not and will never be considered a portal. Their sale of XCIT shares may be a symbolic attempt to distance itself from other competitors and unwillness to make strategic alliances. And CKFR's agreement with YHOO will make INTU's competitor (YHOO) stronger, hence the violent reaction. INTU should be thinking about how to make their portal stronger by entering into strategic alliances, and other actions, instead of pissing off XCIT CKFR and every other competitor with a no-bar's-hold strategy.
3. INTU has excellent personal software in Quicken, a financial website ... so why not also allow people to make financial transactions such as EBPP? Hey, let's steal the technology from our little sister ... *%#@ off, came the reply. EBPP is a natural extension of INTU's business and this sector will take off very soon, but INTU is only realizing these facts way too late. Their lawsuit is a way to strong-arm tactic to get as much concession out of CKFR as possible.
4. CKFR was, at one point a little sister to INTU, but not anymore. INTU needs CKFR more than CKFR needs INTU. Without the EBPP technology and inability to make financial transactions, INTU cannot hope to be a portal or derive fees from banking transactions. The portals are undoubtedly eyeing the potential of EBPP and would gladly share with pie with CKFR. Without CKFR, who will INTU turn to? Arch-enemy MSFT? Yeah, right.
5. The stock market interpreted INTU's action as a desperate act ... perhaps because it's revenues were slowing? The fall in CKFR was just another knee-jerk reaction that pounds this stock even though the fundamental outlook of the stock and industry haven't changed.
6. By the time the case goes to trial, the race for EBPP may be over.
7. Most likely, both sides will give in a little and settle out-of-court.
8. Cook is gaining a reputation as a whiner in the mold of Ellison and McNealy.

I hope CKFR countersues and CNBC reports this fact. EBPP is an industry explosion waiting to happen - just need to educate the public about this fact.

Buffett_2000
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