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

To: micny who wrote (8922)	8/10/1999 11:01:00 AM
From: TLindt	Respond to of 20297

>>>Is there any sense that this guy/JPM would risk his credibility by timing this release on the day of the ER if he wasn't totally confident that the release will be positive? Good question...I don't know how many times over the past 2 years that we get an upgrade of coverage, or coverage started near a MACD top. Putting it out here is a little more credible...technically speaking.

To: micny who wrote (8922)	8/10/1999 11:02:00 AM
From: zuma_rk	Respond to of 20297

Micny -- I would take a wild guess that the analyst had the opportunity to talk w/ Allan Shulman or Pete, who utilized him to kind of "pre-announce" that there should be no downside shocks (at least as far as tonight's release goes). 'Course that doesn't mean the market won't react one way or the other regardless... rk

To: micny who wrote (8922)	8/10/1999 11:08:00 AM
From: David H. Zimmer	Read Replies (1) \| Respond to of 20297

Like any other recent earnings announcement, the analysts have been guided as to the current reporting period so no surprises, either upward or downward are expected. Analysts do not like to have "egg on their face" so the guidance they receive is critical to their following the security in the future. The essence as to whether CKFR increases or decreases in price after the release of earnings will be the forward looking statements. Uncertainties involving the timing, cost, amount of and retention of subscriber growth will be at issue. Since this is an area of development, with little prior statistical information within which an accurate regression analysis can be performed, guidance in this area will be critical. Best to all for today, tomorrow and the future.

To: micny who wrote (8922)	8/10/1999 11:31:00 AM
From: CAPT TONY	Respond to of 20297

Mincy, As others have already said, that's a good question. Raimundo has been bullish on CKRF since he started covering it. My guess it that he, along with many others here, "gets it" and that even if the market in general finds something in the numbers or on the call to put further pressure on the stock, he knows that it only a matter of time (how much time ???) that it all comes together for us patient investors. He has re-iterated his $80 target for 6 months or so, not revising through all the recent turmoil, which leads me to believe he feels the company (management) is on target in their plans and we can expect they will produce on their promises more billers and distribution channels in short order. Here's to a more favorable release than a year ago!!?? Capt T.

To: micny who wrote (8922)	8/10/1999 12:18:00 PM
From: Benny Baga	Read Replies (2) \| Respond to of 20297

For documentation purposes.... August 1999 Future Banker [sections from:The Exchange Takes on CheckFree] ..."What the banks are waking up to Litan says is that wholesale customers view EBP&P as an extension of the cash management services long the bailiwick of financial institutions. "Bank of America, First Union, Chase, they're starting to offer biller services whereby they say to the billers give us your data in summary file and we'll host it for you and make sure as many consumers as possible see this". The post office model, which is what The Exchange is using is just a directory, so there really is no need for anyone in the middle of the process other than software, says Litan. "So instead of Yahoo! going to CheckFree to get that list of bills, there will be a directory [with] the bank routing number for biller and bank routing number for the consumer. So when customers log into Yahoo! for example there is a link to that directory which fetches the customers phone bill and is told which customer account pays the bill and which bank the biller uses." The Exchange really is a pure accounts receivable play adds June Yee Felix, svp in the Chase e-commerce group. "Banks have done this before, for mutual benefit. Why would they want to creat independent bilateral connections" when they can creat a hub to exchange the bills. Benny(there are some good positive mentions also, but I wanted to document how the Exchange expect to work)