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

To: TLindt who wrote (1428)	1/20/1999 12:40:00 AM
From: seaweed	Read Replies (1) \| Respond to of 20297

The following was posted on the Raging Bull message boards. Reference CKFR in second to last paragraph. Anybody have an idea as to what this "letter of intent" actually means to CKFR. This is from "The American Banker" Technology Internet Biller In Tex. Gets $4M Infusion from Private Investors By STEVEN MARJANOVIC 01/11/99 American Banker Page 14 Copyright (c) 1999 American Banker, Inc. All Rights Reserved. Billserv.com Inc., a new player in the emerging bill payment and presentment business, has raised $4.1 million from eight private investors. The six-month-old company consolidates electronic bills at a secure Web site, letting consumers view and pay them. Its founders, former executives of another bill publisher, Billing Concepts Corp., expect the cash infusion will fund operations for the next 18 months. The company's service, expected to be launched this year, would present bills at an Internet site of the consumer's choosing-such as Intuit Inc.'s Quicken, Microsoft Corp.'s Money, a bank, or an Internet portal. With Billserv .com acting as a switching service, "the biller only has to have one relationship in the transaction, and that is us," said Michael Long, chairman and CEO of Billserv .com of San Antonio. The company has a letter of intent to do business with Checkfree Corp., a leader in bill payment and presentment. "It's not a new concept they are trying to get out here, and it is not anything different than what any of the existing players are saying about their own services," said David C. Stewart, vice president of Global Concepts Inc., Atlanta. The company's one million shares, which trade publicly, closed Friday at $3.40, up 63 cents for the week. CyberCash Inc. has raised $10 million in equity through a private placement of common stock and warrants from funds managed by Rose Glen Capital Management LP and Palladin Group LP. The company said the funding will go toward marketing and support of CyberCash's InstaBuy, which lets on-line merchants sell goods and services to Web site visitors. Gary Craft, an analyst at BancBoston Robertson Stephens, said the infusion will help CyberCash fund continuing losses. "They are still at a negative-cash operating position," he said. CyberCash lost $7.6 million in the third quarter on revenues of $4.5 million. The Reston, Va., company's stock closed at $20.75, up $5.625 for the week.

To: TLindt who wrote (1428)	1/20/1999 2:46:00 AM
From: kfs	Read Replies (1) \| Respond to of 20297

Hey, you need to come back over to INTU and XCIT and take a bow. Today was THE DAY for the TLindt portfolio INTU/XCIT/CKFR. I only hope that your absence from the other threads but your continued cheer leading here (on you own thread, no less) indicates that you consider your work on INTU and XCIT done while converts remain to be made to CKFR, and not that you sold out of your INTU and XCIT positions before today.

To: TLindt who wrote (1428)	1/20/1999 7:49:00 AM
From: D Mueller	Respond to of 20297

I didn't know Herman Zelmer, but being a displaced Michigander, and always a Michigander in my heart, his name may not ring a bell with me but his deeds and goodwill are legendary. Sleeping Bear Dunes is a majestic and tranquil part of the Lake Michigan shoreline. That part of Michigan is a recommended vacation spot for any family if you just want to get away. Tom, I'm assuming that Herman donated the property that has the wonderful driving and bike trail on it? Sorry to hear of his passing. Don

To: TLindt who wrote (1428)	1/20/1999 8:36:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 20297

Tom, My condolences on the loss of your friend, Herman Zelmer. Dave