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

To: kendall harmon who wrote (7188)	6/26/1999 12:09:00 AM
From: LTK007	Read Replies (2) \| Respond to of 20297

Just running a intraday of CKFR on Big Charts for friday in the 1-minute scale,and see the money flow turned sharply positive in roughly the last 15 minutes(it had been quite negative all day) just at about the moment 150,000 shares traded in one minute on the uptick--this would then be one huge block or several quick very large blocks--but without a printout can't say exactly--but noteworthy I think anyway.Max

To: kendall harmon who wrote (7188)	6/26/1999 12:34:00 AM
From: g_m10	Read Replies (2) \| Respond to of 20297

That article has the interview with A. Shulman on CNBC. Unfortunately comes without sound. Even after forced downloading yet another media player, still no sound. Oh, well.

To: kendall harmon who wrote (7188)	6/26/1999 2:43:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 20297

interesting yes, but this last part: CheckFree actually handles the bill payment for the three banks. The Exchange announcement doesn't affect this relationship, said Allen Shulman, CheckFree's CFO, in an interview on CNBC. And even if the Exchange deal ended that revenue, it wouldn't hit CheckFree too hard. Bill payment isn't where the money is, it's in bill presentment. That's not exactly right is it? Checkfree just said that they only took in $10,000 for bill presentment in the entire previous 9 mos. Or perhaps that is where potential money is, except that it is currently a small market, yet to be exploited. That's the trouble with these CNBC articles, they try to explain businesses that they know very little about.

To: kendall harmon who wrote (7188)	6/26/1999 2:47:00 PM
From: LTK007	Respond to of 20297

here is another article dealing with Deutsche Bank comments--also,should add for balance there is brokerage that is bearish on CKFR(SSB)--their 6/18 report on CKFR has been posted on Yahoo! CKFR thread but this is bit like one brokerage targeting AMZN for 250 and another targeting AMZN for 25--(o yes,the SSB negativism comes from their disdain of Portal strategy) Article 21 of 82 CheckFree Up -3: Market Overreacted Wed., Analyst Says 06/24/1999 Dow Jones News Service (Copyright (c) 1999, Dow Jones & Company, Inc.) In a press release early Thursday, CheckFree Chairman and Chief Executive Pete Kight said "we were stung by implications that CheckFree somehow managed to time the secondary offering to beat the banks' announcement. ... Our credibility with our shareholders is more important than any offering." Pacific Growth Equities analyst Olson said he believes it is unprecedented for a company to withdraw a secondary offering after it has been priced. The company was able to do this, he added, because the offering hadn't yet settled. The analyst said CheckFree 's stock could also be up Thursday on short-covering since some investors who bought the shares at $39 in the secondary offering may have decided to short them after Wednesday's drop. The new company being formed by Chase Manhattan, First Union and Wells Fargo will initially handle just electronic bill presentment, although it could expand into the back-end processing of bills that are paid online. Olson said that while the formation of the new company is "modest bad news" for CheckFree , the stock market overreacted in pushing the stock down so sharply. Although the banks plan to have a beta product by the end of the third quarter, Olson said the new service probably won't really be up and running until early next year. Deutsche Banc Alex Brown analyst James Marks called the banks' initiative a "vaporware announcement." "There is no working software. No process. No clearly defined purpose or niche. No customer support," the analyst said in a research note. The banks are essentially trying to preserve a critical role for themselves, even as they "are looking increasingly irrelevant in alternative bill presentment schemas," he said. CheckFree , meanwhile, is already in the game. The company currently offers consumers the option to pay bills online through 20 financial institutions and is expected to start offering a similar service through Yahoo! Inc. (YHOO) sometime in August or September, Olson said. - Joelle Tessler; 201-938-5285 (END) DOW JONES NEWS 06-24-99 12:42 PM