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

To: p friend who wrote (10121)	9/14/1999 10:57:00 PM
From: Robert Gintel	Read Replies (5) \| Respond to of 20297

<<Did the Wingspan CEO tell you about the reasons for the switch>> I gather that the switch from M&I was not at all a reflection on the job done by M&I, but was anticipated all along. Wingspan wanted to get into the market early and either did not want to wait for, or did not have the in house resources to operate the more robust platform that Checkfree was making available, a platform with features more advanced than that which M&I could offer. Therefore, it seems they will be switching. Pete Kight gave us an insight into this possibility at our meeting in New York. Wingspan did not I divulge early sign up rates for competitive reasons, but seemed very pleased with what was happening so far.I got a similar reaction when the subject of how well Yahoo was doing after one week came up. Yahoo is not talking, and neither is Checkfree. But I liked the body English Another insight we also got at our NYC meeting, and which also seemed to have turned people on, had to do with Checkfree's intention to launch in next year's second calendar quarter a program to enable subscribers to make an electronic payment to their local butchers, bakers, and candlestick makers who enroll with a partner of Checkfree off a portal website. You put the url of your local vendor or service provider, or your mom or your kids in college, on an E-Pay list like an E Mail Buddy list,so you can easily send them money electronically quickly without a paper check having to be sent out by Checkfree. Potentially a good way to help penetrate the small business and other markets. Checkfree had the entire senior management team up there presenting at the main meeting and the breakout sessions that followed. They have a strategy to take them where they hope to go over the next two years and it will be fascinating to see how this whole scenario unfolds in what the Wingspan CEO descibed as a revolution, not an evolution. The face of banking is destined to change as is the way many consumers and businesses receive and pay their bills. However, Pete Kight repeated what he told us, namely, that it could be another six to twelve months before the confusion surrounding this industry sorts itself out and investors as well as industry participants, get a good idea as to the big winners and the losers. In the meantime, enjoy the ride and the drama. Thanks again to Benny, Tom, and others for their invaluable contributions to investors here in helping understand events as they unfold. The game is not in the next eighth or quarter - I believe it was the unwinding of a trading posiion at Hambrecht & Quist that brought it down so sharply at the end of the day today- or who is doing what at the moment, but how this company protects and leverages its commanding position in an industry that promises to be potentially so lucrative that everyone and his brother is trying to find a way into it. The real winners could prove to be those who exhibit the most staying power. This is a very interesting investment story, it is being well told by the company, and seemingly is attracting the attention of serious investors. I apologize to Davis Zimmer for being rude to him on the thread today. I have kids in Florida, who apparently are out of harms way now, and I was rushed when I posted earlier. I am sure he forgives me.