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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Brooks Jackson who wrote (3365)3/4/1999 6:35:00 PM
From: zuma_rk  Read Replies (1) of 20297
 
Here's my (non-legal) read:

**For 30 months, Intuit can't sign any deals with Transpoint.

**Intuit also agrees not to offer any type of (internally developed?, non-checkfree?) billpay services to any merchants for that same 30 month period (unlikely anyway, considering the fate of ISC?).

As return consideration for these two points, Checkfree:

**Cedes (subjugates?) the ultimate presentment of bills it (Checkfree) PRESENTS over to Intuit, but only for certain agreed-upon web sites.

To cut through the legalese, I think this means simply that Quicken.com gets to act as the front-end "face" for any bills presented through Checkfree for certain sites or certain types of sites (the big mystery, IMO)

**And, for the same sites affected by the above paragraph, Checkfree agrees to let Intuit utilize Checkfree's bill PAYMENT capabilities for consumers to process those PRESENTED bills, or any other bills, at those sites.

That's my read, anyway. Anyone have a different interpretation?

RK
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