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Technology Stocks : NCR Corporation: An AT&T Spinoff -- Ignore unavailable to you. Want to Upgrade?

To: Dan Packer who wrote (156)	1/6/1998 3:35:00 PM
From: Brooks Jackson	Read Replies (1) \| Respond to of 379

<Here we are on the cusp of the govt eliminating the paper check> Agreed, and for another company poised to benefit check out Checkfree Corp. (CKFR). checkfree.com There's also a good thread here on SI. CKFR is the dominant player in the electronic billpaying business, and also in the emerging business of electronic bill presentment. They recently signed a 10-year agreement with Integrion, a consortium of major banks and IBM, that IMO guarantees them a lock on a business that is literally expoding. Banks are rushing to offer free (or cheap) electronic banking to their customers, including billpay and e-bill services. And CKFR will handle the back end, taking a cut of each transaction. Of which there are potentially billions per year. It's a classic razor-blade kind of business: everybody writes checks, everybody pays bills. CKFR is currently losing money, but not much, and mainly because they've spent heavily to develop this business and buy out their competition. But the cash burn is about over, and they're scheduled to post black ink in the second calendar quarter of this year. IMHO the stock is currently on sale, trading at about 20% below the highs it briefly posted earlier this year after the Integrion deal was announced. There has been no negative news to cause that drop. Earnings will be announced Jan. 27 after the close of trading. Pardon the off-topic digression -- but I own CKFR for many of the same reasons I own NCR. See if you agree.