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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (3259)4/13/1998 10:59:00 AM
From: Brooks Jackson  Respond to of 8545
 
Tom: I think a sale of CKFR is unlikely for the following reasons:

--Pete Kight (why sell now when we all think it will be worth much more later?)
--INTU (owns close to 20%)
--Bob Gintel (his fund owns, what? 5-6%?)
--Integrion (also owns a slice with warrants to buy more as growth targets are met)

And finally, IMO the company is in a much better position to keep the confidence of its customers if it is independent. What bank would entrust its billpay service to CKFR if another bank owned it? What big biller would entrust its e-bill service to CKFR if a major competitor owned it?



To: TLindt who wrote (3259)4/14/1998 12:50:00 AM
From: chirodoc  Respond to of 8545
 
<<<<so what would the price be the billion and a half the market has it at...

......for the big international banks a billion here a billion there, chump change.

....someone may want to compete with msft, b of a, etc. could scoop up ckfr and achieve dominance instantly on the net.

curtis


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