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

To: Brooks Jackson who wrote (8386)	7/25/1999 12:36:00 PM
From: David H. Zimmer	Read Replies (1) \| Respond to of 20297

Brooks, the key is deposit dollars. Traditional brick and mortar banking institutions set up their individual functioning entities as profit centers. That is how people are paid, especially with respect to annual bonus payments. As such, most I have met within the industry, and those that consult to the industry suggest that this mold must first be broken before the traditional brick and mortar dwellers make it into the 21st century. In my estimation, most will not make it with consolidation being their ticket out. A couple months ago I reported that CKFR makes little to nothing on bill presentment. That fact suggests that billers, the true source of the inventory that drives CKFR's function, are willing to pay the printer and the postal service but are also cave dwellers when it comes to realizing what the future holds. In as much as the billers will have to pay someone someday, when a greater number of bills are presented via the web, I would expect payment for presentment of those bills that are paid will come to fruition. That day is not far off as the rush to EBPP is apparent. In addition, where I believe the billers are missing the boat is the ancillary benefits available to them through CKFR's 3.0 platform. I truly believe the primary benefits of bill presentment are (1) the ability of the biller to remedy problems, inappropriate charges, more effectively and efficiently; (2) interactivity capabilities with their respective customers; and (3) the auxiliary selling of promotional items, i.e., pop-ups which appear when you click to pay. I find it hard to believe that any biller would not be interested in paying for this service inclusive of savings in mailing, customer service and additional sales. CKFR's engine is ready and being primed as we speak. They are light years ahead of others and, when it comes to the complex maze of interactivity, none compare. They will undoubtedly capture their share of the maturing market and produce revenues which drive their model with contribution coming from all sides. As such, I am long the stock without question and will continue to accumulate shares on intraday dips. The only question that remains to be answered is what the quarterly write-offs will be due to their outage, I have heard three to four cents per share, and what the costs of the failed secondary will be. I expect that CKFR's management will look to offset these charges with the sale of some shares in the open marketplace, shares that were repurchased at $6 per share. As stated before, if CKFR logs approximately 2.9 million customers as of the end of June, operating earnings will exceed the five cent estimate. We will soon know but with respect to their gameplan, they are well entrenched with the long term benefits soon to follow. About a month ago I purchased a significant number of shares of NXTL when the WCOM takeover rumor dissipated. It was always my belief that NXTL had the best product in its field, with the best growth related gameplan and superior support staff. As such, I was more interested in the stock if they went it alone. I was right. The same scenario is in place with CKFR but given the roll-up in this industry hs yet to begin, the potential of an INTU, IBM, HWP or other similar combination has merit and simply adds power to the upcoming upside. Continue to enjoy your weekend and as always, nice to hear your voice on this thread.

To: Brooks Jackson who wrote (8386)	7/25/1999 12:45:00 PM
From: R.Gluck	Respond to of 20297

Hello Brooks, Schwab waived the 300.00 minimum rule a while back....anything you want now. Regards, Bob

To: Brooks Jackson who wrote (8386)	7/25/1999 1:03:00 PM
From: D Mueller	Read Replies (1) \| Respond to of 20297

OT I posted yesterday that I had switched my accounts from Bank One. There were really a number of reasons I decided to leave them. 1) If you walk into a branch (at least the branch I was dealing with) and have a question about on-line banking they look at you like you have two heads. Many of their employees are not even familiar with the service. 2) Fees! Fees! Fees! As an example, In my June statement the annual fee for the safe deposit box was listed. This was the fee for the next 12 months. Within a week of getting the statement I decided to close the box out and asked for an adjustment. They told me they did not adjust for this charge and I should have notified them before the new year started. Only after I threatened to close my accounts did they adjust the fee. 3) Poor Customer Service! I was issued a new debit card and changed the PIN number on it. The on-line accounts use the debit card PIN and somehow I got locked out of my on-line accounts when the change occurred. When I called customer service, after many conversations, I was told I would have to go into a branch to get it taken care of "for security reasons". Kinda' defeats the purpose of on-line banking if I have to go into the branch!!! 4) Unreliable System! Never used Bank One for Bill Pay and that's just as well. The straw that broke the camels back for me was when I was transferring a fair amount of money from one account to another. I got an error message on-line that said the transaction did not go through try again later. I tried a few hours later with no problem. Lo and behold if the several days later I didn't get notices in the mail being overdrawn on my checking account. The transactions that they said had not gone through in the on-line error message in fact had been debited to my checking account. When I talked to my customer service rep she said it happens more frequently than you would think. With that I stopped doing business with them. The only business they have left with me is a small home equity loan. Don

To: Brooks Jackson who wrote (8386)	7/25/1999 2:13:00 PM
From: EPro	Read Replies (1) \| Respond to of 20297

Brooks -- Don't bother to figure out Chase's pricing -- its outrageous. If you fall below a three thousand balance in any month, you can pay up to $35 a month in fees -- fees for atm use, bigger fees for non-Chase atm use, a $3.50 fee for international atm use, fees for thinking about atm use, etc.,etc. BTW for those of you that travel abroad, I just discovered that you can stick for atm card into a foreign bank machine if its on your network and get money from your account in the local currency? (at least in Gr. Britain) (No fee from ntbk) Pretty cool. No more running around cashing travelers checks.