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

To: Benny Baga who wrote (12554)	12/6/1999 10:47:00 AM
From: Big Al	Read Replies (1) \| Respond to of 20297

Yes, that was one of many catalyst for this one lately. A huge windfall for CKFR but was a Niagra Falls for it's shareholders at the time.

To: Benny Baga who wrote (12554)	12/6/1999 10:54:00 PM
From: Rob C.	Read Replies (3) \| Respond to of 20297

Benny, The story continues... Online biller Paytrust.com gets Goldman's backing By Gilles Castonguay NEW YORK, Dec 6 (Reuters) - Paytrust.com, a start-up that provides online billing services, said Monday it had received $30 million from investment bank Goldman Sachs Group Inc. <GS.N> and other big investors in the biggest cash infusion since it began operating in June. Paytrust, which is privately-held and based in Princeton, N.J., said in a statement it planned to use the money to expand its operations and marketing campaign. It did not say how much money came from each investor, which included American Express Co. <AXP.N>, GE Equity of General Electric Co. <GE.N>, Softbank Venture Capital of Softbank Corp. <9984.T>, and investment bank Thomas Weisel Partners. Paytrust, which received an initial investment of $7 million from AT&T Ventures of AT&T Corp. <T.N> and private equity investment firm Spectrum Equity Investors in May, also did not name the investor with the biggest stake in it. Its chief executive, Edward McLaughlin, said Paytrust did not plan to go public in the near future because it had enough money. "We certainly have access to substantial financing if needed." Paytrust is one of several start-ups jostling to position themselves in a market whose revenue potential could reach hundreds of millions of dollars in the next few years. PayMyBills.com and CyberBills are competitors of equal size. Some of Paytrust's investors said in the statement they planned to offer its services to their customers. "We see many exciting opportunities to provide great value and convenience to our Cardmembers by allowing them to manage all of their bills online," said Larry Kutscher, a senior vice president at American Express. McLaughlin said Paytrust had signed up more than 20,000 people since June, but he declined to say how many of those actually used its services. He also said Paytrust had paid more than 50,000 bills online, but he did not give an average daily figure. Big banks such as Chase Manhattan Corp. <CMB.N> are setting up joint ventures to offer online billing, which lets people receive and pay bills over the Internet. CheckFree Corp. <CKFR.O> is still the leader among these service providers, forging ahead with links to major banks and Internet companies. REUTERS Rtr 20:17 12-06-99 //Begin Meta Data// Selector Code: reutr Copyright 1999, Reuters News Service ...