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

To: Rob C. who wrote (7291)	6/28/1999 11:56:00 AM
From: AugustWest	Respond to of 20297

CheckFree sputters CheckFree investors were scratching their heads as they watched their stock freefall from 40 3/4 early last week to 25 3/4 Monday morning. CheckFree (CKFR: news, msgs), a leading online bill payment company, suffered a major pullback as competition from major banks threatened to take a piece of their pie. Most posters, like fredm1 on ClearStation, stood by their company, "... their overwhelming lead, great software and economy of scale can't be touched. This is a great buying opportunity at the end of this sell off." Coolgirl also stands in strong support, "CheckFree is a World leader in electronic commerce i.e. electronic billing. It has the lion's share of electronic billing market. During the past twelve months CKFR has signed on more contracts at an impressive rate. These contracts potentially represent nearly a half-billion bills each month. Some of the contracts that have signed with them are Ameren (revenues in excess of $3 billion), Southern Co., HomeSide Lending and Countrywide Mortgage. The company has also signed agreements with over 350 financial institutions. If we are heading towards a paperless society then you can bet that CKFR will be there in the forefront of this revolutionary change." Unfazed by what many posters saw as irrational selling, investors appear far from giving up on this company. MIMAEM, on The Motley Fool, agrees with fredml as he sees the recent sell-off as an opportunity, "I'm long and buying more at the bottom of this dip. Nothing like a 25 percent off sale on a market leader. Long live CKFR!!" Judging from the word on the boards, you'd never have guess that the stock is struggling at 60 percent below its high of 69 1/8 cbs.marketwatch.com