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

To: zuma_rk who wrote (775)	12/18/1998 12:09:00 PM
From: TLindt	Read Replies (1) \| Respond to of 20297

** We now fully appreciate Checkfree's clarion call to the banking industry: either enroll home banking customers quickly or some other Internet information service provider will. A message I've been preaching up here for a year and a half. Glad to see the Gary see's this too...really. He's correctly identified the road block to growth. My only fear at this point is the Banks take that fellow seriously at the bankers conference, and try to become 'technoloy companies'...that's a control move on the channel which comes....way...way too late in the game. Whoever strikes the portal deals wins this war...CheckFrees stock would litterlly soar beyond the limits of sanity...if they struck deals with Lycos, InfoSeek, & Yahoo to deliver bills on line and gave them each 10 Million Warrants vs Integrion. With that in hand we'd clear $300 in 3 months.

To: zuma_rk who wrote (775)	12/18/1998 12:12:00 PM
From: g_m10	Respond to of 20297

BancBoston Robertson Stephens maintains a market in the shares of Checkfree Corporation Does it mean that they are MARKET MAKER for CF??? Talk about fishy smell coming from that corner.

To: zuma_rk who wrote (775)	12/18/1998 12:56:00 PM
From: Benny Baga	Read Replies (1) \| Respond to of 20297

Well, first of all, if your going to publish a report on a company, you should probably attend the investors conf. for that company (at least show an attempt to do some research). Second, when Mr. Craft downgraded CheckFree last spring he stated in his report that one of the top reasons was strong competition from TransPoint. Funny thing, in this report, TransPoint is barely mentioned. Gary's Key points: Princeton Telecom's proven publishing/payment/concentration technology reinforces the notion that payment follows the bill and home banking can now easily be done away from bank partners where Checkfree has placed its bets. Imply's that CheckFree has placed it's bets incorrectly. Mr. Craft also states that with Princeton Telecom that your bill can follow you anywhere. Well, if that was true PT would be presenting bills at Silicon Investor Today. Mr. Craft seems to forget about infrastructure, payment tracking, error handling, service issues, etc.., and the fact that Bill Presentment is a service, not only software. I just don't think Princeton Telecom's 150 employee's are ready to handle the 80 million bills that AT&T sends out every month. Maintaining our Market Performer rating pending evidence that Checkfree's partners can be successful in this exciting land grab for home banking/bill presentment. I'm not sure what evidence Mr. Craft needs, CheckFree has signed up more large billers than anyone else (and banks). If the banks don't enroll home banking customers, quickly then someone like Intuit or Yahoo is likely to fill that void. And this, as we see it, is the biggest risk to Checkfree. ....or the biggest opportunity. Gary also seems to forget there are other FI's Schwab, Merrill, ETrade, etc.. Of the 200 million transactions processed in 1995, we believe about 70 million (40%) were processed through Checkfree.* Hmmm...1995? In about two weeks it's going to be 1999, Mr. Craft should attempt to attain more current data. In summary... I do agree that Princeton Telecom and CheckFree may partner, something like edocs and CheckFree, in fact Princeton hinted at this in the Intuit press release. Other than that I think he is giving PT way too much credit. Craft seems to cloud up many issues, including Biller Direct, and seems to be searching for reasons not to like CheckFree. If Princeton Telecom is the best reason Gary can come up with for not buying CheckFree, then we are in good shape. Benny(IMHO)

To: zuma_rk who wrote (775)	12/18/1998 5:44:00 PM
From: TLindt	Read Replies (2) \| Respond to of 20297

It represents a play on home banking transactions from both the consumer and small business sides of the market. General industry forecasts call for rapid increases in home banking transactions from 200 million transactions currently to more than 1.4 trillion by the end of 2000. Of the 200 million transactions processed in 1995, we believe about 70 million (40%) were processed through Checkfree. Its market share has grown through the acquisition of Intuit Services Corp. and continued success increasing its bank feeder system. It is also a leading participant in the emerging electronic bill presentment market, where it matches bills with consumers through its service bureau managed on behalf of banks. Across 15 billion recurring bill payments annually, we believe Checkfree's addressable market to be $1.5 billion or more. Let's see from 200 Million to 1.4 Trillion? Is that right? That a 7000 fold increase in volume.