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

To: Charlie Smith who wrote (12326)	11/23/1999 9:03:00 PM
From: zuma_rk	Respond to of 20297

Very nice mention on CNBC -- from their transcript service (a little choppy, but you get the general gist): CNBC 11/23/99 - 6:58:34 PM .....and, one that increases the value proposition for aol by incorporating larger part of a daily livesov internet. >> Analysts say it will pay off big in the long run, that is because research shows that the number of households using online bill paying services, will grow to 18 million by 2003. 10 Times the number using such services now. And despite a successful deal between yahoo! And checkfree that is already on line, some analysts believe this deal is so big, it will literally change the way americans pay their bills. >> With aols 19 million plus customer base, the whole game changes. That is why the -- this so important we have critical mass, in bill presentment aol after looking at a number of different solutions has said we choose to partner for this service with intuit. Jennifer: As far as fees are concerned for the service, aol says there will be what it calls a competitive fee charged to customers who use the bill-paying service. That information they say will be available in early 2000 closer to the launch of the service. Ron: Any there any other players that might get involved in similar deals? Jennifer: John segrich of cibc world markets says outside of the obvious players which are yahoo! And aol, which have already chosen business partners and have a majority of the market already locked up. He sees portal companies like go2net, lycos and infoseek as possible companies that might be interested in doing similar deals. Similar deals we will have to see. Ron: Thank jennifer.

To: Charlie Smith who wrote (12326)	11/24/1999 2:58:00 AM
From: Max Singer	Read Replies (1) \| Respond to of 20297

Charlie, Does this mean that Quicken/Intuit will have other billers on the system that are not CKFR and will not use the CKFR system? This would mean that a single customer would be having some of his bills presented by CKFR and other bills presented by others, but CKFR would pay all of each customer's bills. I would think that it would be troublesome if each customer didn't have a single machine/company paying all the bills he pays through a single site. Doesn't this mean that CKFR's pricing strength in the presentment phase depends on how easy it is for a biller to switch presenters? Also, will a biller have any need to have more than one presenter? Are there any channels of presentment that a biller will need that require him to use a particular presenter? If so, won't billers be inclined to limit themselves to that presenter so they don't have to deal with more than one? Or will billers want to have more than one presenter so they can benefit from the competition? All this seems to imply that payment machines are linked to channels/portals on a one to one basis and that presentment depends on relationships with billers. Is this so? Where is the money made? Depends presumably on where the costs are and pricing power. Also where the relationship is and the opportunity to extend to other work. I am not trying to make any point here; I am still trying to figure out the nature of the position CKFR is building and what its future depends on. Of course these also depend on the quality/cost of the service it provides and its ability to maintain standards, and on its marketing skills. I would be grateful for any help in understanding these things. Max Singer