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

To: Benny Baga who wrote (6997)	8/20/1998 8:43:00 AM
From: TLindt	Read Replies (1) \| Respond to of 8545

>>Maybe I'm crazy, but after listening to the conf. call, my impression was that the Bank ramp started earlier than expected and in turn CF's earnings ramp got delayed, but their ramp is now steeper. That's the way I felt too after reading this from the quarterly...Twenty-two of the Company's 30 largest clients are actively moving from PC-software-based electronic banking solutions to Internet-based ones, according to Kight. He said he expects four of the Company's large bank clients to begin promoting Internet-based bill payment solutions in this calendar year. He said eight of CheckFree's 10 largest bank clients plan to be promoting Internet-based on-line banking solutions before the Company's fiscal year end on June 30, 1999, and that three-quarters of the top 65 plan to have Web-based services in the market by then. Know a little about CheckFree myself from reading...75% of CheckFrees' Top Banks is a Hefty Percentage, I'd say in excess of 60% of U.S. Household will have the opportunity to connect to their Bank on line by next June if they so Choose. That is a steep ramp in access capability from where we are now 9 months out...ie single digit access, to majority percentage access in 270 days. Those that sold off...IMO...are going to be kicking themselves for years to come over this key short-term limiting revenue element, as CheckFree devotes financial resources and man-power to stay on top of this Bank ramp trend. When confronted with this, Pete's actions to screw earnings, screw the street...don't bother me in the least...just get this job done now. Looking at it that way...he didn't have a choice.