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

To: Benny Baga who wrote (1188)	1/12/1999 2:06:00 PM
From: Gregg Soster	Read Replies (2) \| Respond to of 20297

For CKFR this is great news, all of M&I banks that had BP was through Travelers anyway. No loss to CKFR and the removal of a potentil competitor. So lets ask the question, why would M&I want to own this? 1. Cost, quit paying some one else to service their customers/banks. 2. Control, quality control and development of the product. I don't believe that M&I really expects to compete with CKFR and Princeton for customers other than M&I banks. M&I is a niche player for smaller and medium size FIs. The same banks that CKFR has been ignoring. The sale just takes a CKFR competitor out of consideration when a large bank is looking at outsourced bill payment.