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: TLindt who wrote (5483)	5/15/1999 1:59:00 PM
From: Ron S	Read Replies (2) of 20297

For people wondering why CKFR has had some stellar relative performance recently, esp. on Friday, the answer may be buried in this article you posted. Wow, Checkfree may get to compete against the post office if its government charter is amended to allow ecommerce. Nuf said, almost! This completes the ring of incompetence which likely faces the company in the marketplace. Billers can then look to "service" from the government people who are always sent to help you, or TrashPoint (TP) which has a consistent record of fabrication about its product, competition and the state of the ebill market. TP's three backers include MSFT which has a solid record of delivering initially defective product on a much delayed basis. Another investor is one of the world's largest banks, with which other banks are just dying to divulge and share all their customer financial and billing information. The third partner, FDC, has so much confidence in the operation that its banking affiliates have just lined up to use Checkfree. Of course, some of the very small hopeful competitors are expecting to come out in the next few months with software process capability which took CKFR about 19 years to develop and which had organizations like Visa and some major banks so unable to reproduce after years of efforts that they gave up (to say nothing of the Genesis hardware handling capability where CKFR invested years and multimillons). I also love the advise so freely given in the article: for banks and billers to wait to see what develops before going ahead with ebilling. Now that's a great way for the banks to lose customers to brokerage firms, lose the eyeballs of its customer base to portals, and lose the customers themselves to NetBank and progressive banks like Wells Fargo which are doing something as ridiculous as giving the customer what he wants. Billers can lose those same customers to more aggressive competitors and forego the tremendous cost savings from ebilling. Hey, it all sounds like the American business dream -- procrastinate, lose clients, lose money.

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