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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Erik T who wrote (6834)	6/23/1999 7:47:00 PM
From: Erik T	Read Replies (1) \| Respond to of 20297

BTW, Wells Fargo and First Union are still Integrion owners. I do not understand why they want to form a new stand-alone entity? If their goal is take away the large volume of on-us payments, they could still very easily do that and also use Integrion for presentment, which has many of the big billers up and running, or soon to be. All of these other "biller relationships" they obviously have, could be funneled through Integrion for presentment which would keep even more billers on an open platform (Integrion is open, isn't it?) Erik

To: Erik T who wrote (6834)	6/23/1999 8:41:00 PM
From: TLindt	Read Replies (3) \| Respond to of 20297

>>>>The timing of all this still fascinates me: Immediately after the secondary pricing. It is as if they did not want to make CKFR management really angry. I am concerned, though, that the CKFR management did not know this was coming. Why keep a trusted partner so clearly out of the loop? Unless, of course, you plan on usurping their core business. Hey I once shot two roosters who had tried to attack my son when he was 2 year old on Easter. I waited until one got lined up behind the other and pulled the trigger....dropped them both clean with on shot from the 12 guage. IMO..THEY ARE GOING TO COMPETE. Merrills going on line...CheckFree processes Merrill Bill pay...moves their money ect. Two Roosters. This isn't like last August when growth was going to be slowed because the Banks were going to stop marketing their dial up systems and move over to the Internet method of customer contact....slowing up CheckFrees growth temporarly..only to ignight it 9 months later...NO..IMO. The Internet is still the Wild Wild West and they just changed the Paradigm and shot two preceived enemies in the foot.

To: Erik T who wrote (6834)	6/23/1999 10:01:00 PM
From: Dwight E. Karlsen	Respond to of 20297

The disturbing thing about this, and what CKFR can do about it: 1) The "road show" which recently helped sell the secondary to institutional money managers presented a sales pitch to any fund manager or serious investor who might be interested in CKFR. The pricing at $39 showed that they probably roped in some interested parties who move larger sums of money into stock. Now all those fund managers have been broadsided. While we have to believe that it's an fortunate circumstance that CheckFree management couldn't have prevented, we still have those money managers who bought up the secondary holding a stock at a substantial and immediate loss. They have to feel terribly shaken. Perhaps most have already bailed today. Let's hope they have. 2) Where is the new interest in CKFR going to come from? Obviously another round of visits to brokerage houses is a stretch. Bottom line is, CheckFree is left without solid institutional sponsorship. Their most recent institutional sponsors just got flushed (or flushed themselves) down the toilet. 3) What CheckFree can do about this: CheckFree has no choice now but to aggressively pursue the portal strategy, and hope that individual investors begin to take a fancy to their strategy. I'm actually glad that the banks are on the other side now. Screw 'em! I was sick and tired of waiting for the stodgy BDC (Big Dumb Companies) to get aggressive about promoting EBPP. I vote for CheckFree management to ink deals with as many portals as they can, immediately. Spend the whole darn secondary proceeds! AOL, YHOO, ATHM, Lycos, and hey, why not AMZN??? Perfect opp for Bezos to show the BDC that he is serious about being much more than a bookseller on the internet. CheckFree had better respond very aggressively to this event today, or they and their exec's stock options will slowly wither and die on the vine (just like my option contracts did today).