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


To: AugustWest who wrote (5028)6/10/1998 12:33:00 AM
From: g_m10  Read Replies (1) | Respond to of 8545
 
I don't think we should consider JM departure as a "brain drain". edocs is a start-up company. edocs closed its first round of venture capital financing .... It needs people with specific skills and Jim Moran is one of them. He was a key member of the management team that led CheckFree through dramatic growth over the past four years.

CF is out of this period. New tasks require new skills and make old skills obsolete. This is probably why they hired Limbert who spent 20 years with Banc One.
Just MHO.



To: AugustWest who wrote (5028)6/10/1998 7:47:00 AM
From: Benny Baga  Read Replies (1) | Respond to of 8545
 
Same story different spin (At&T):

June 10, 1998

BASKING RIDGE, NEW JERSEY, U.S.A., Newsbytes via NewsEdge Corporation : AT&
T [NYSE:T] residential telecommunications customers will be able to view and pay their
communications bills via the Internet, after Ma Bell signed a deal with e-commerce
software concern CheckFree [NASDAQ:CKFR]. AT&T will use CheckFree's E-Bill
software product which enables fully integrated electronic billing and payment, officials
said.

With E-Bill, AT&T customers will be able to review and pay their communications at
both AT&T's Web site and at any of the hundreds of online financial institutions
supported by CheckFree, including Bank One, Chase Manhattan and Wells Fargo.

In addition, AT&T customers will be able to manage their bills using Quicken 98 for
Windows software, which is also supported by CheckFree.

AT&T will not charge for the electronic bill payment service, although individual
financial institutions might themselves charge for the service.

AT&T will implement the first phase of the agreement in the third quarter of this year,
which will initially benefit AT&T customers who use Ma Bell's World Wide Web site,
officials said. Later this year, customers who use CheckFree- supported Web sites will
be able to use the service.

AT&T's deal with CheckFree is similar to ones his company recently signed with major
"portal" Web sites like Excite and Yahoo to market telecom services, in that AT&T is
aiming for "ubiquity," AT&T spokesperson Jonathan Varman said. "This is another
layer of customer service that we can offer through a variety of locations on the
Internet, " he said.

In addition, an AT&T customer does not have to use AT&T's WorldNet Internet
service provider (ISP) service to view and pay bills, Varman added.

CheckFree will provide the back-office systems and technical components for the
service, including Year 2000 compliance and back-up services for disaster recovery.