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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Benny Baga who wrote (3293)3/4/1999 12:56:00 PM
From: zuma_rk   of 20297
 
From the Lehman report (summarizing the claims in the lawsuit):

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As a critical part of this agreement, CounterINTUITive <sorry, I refuse to call the company by its rightful name> and Checkfree also agreed to certain "exclusivity" terms. For example, for up to 30 months, CounterINTUITive could not distribute bills originating from Transpoint. In addition, CounterINTUITive agreed that it would not provide bill payment processing services to merchants. For the same 30 month exclusivity period, Checkfree ceded to CounterINTUITive the "exclusive right" to i) provide the CounterINTUTive bill presentment services for all bills "originating or passing through Checkfree" on certain internet web sites, known as Web Consumer Aggregation Channels, and ii) to "make available" billpay services on the Web channels "whether provided independently or coupled with bill presentment services."
***

RK
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