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

To: 007 who wrote (2447)	2/9/1999 3:13:00 PM
From: Brooks Jackson	Read Replies (4) \| Respond to of 20297

007 -- Regarding barriers to entry consider the recent history of those who have tried to compete with CKFR in setting up a new pay-anyone service: Intuit tried and failed. They modified v.6 of Quicken in an attempt to force CKFR users to convert to their own service, but it didn't work and they sold out to CKFR. Microsoft, with $5 billion in loose cash, and First Data Corp. have been fumbling around for over a year and couldn't create their own pay-anyone service from scratch. Citibank has its own in-house service, but it reportedly is a money-loser for them because they can't achieve economies of scale. That's what has forced them into the alliance with Microsoft and First Data, creating TransPoint. IBM and a bunch of big banks tried and failed through a consortium known as Integrion, which was seen as a potential competitor to CKFR before throwing in the towel a year or so ago and hiring CKFR to do the job. Visa Interactive tried and failed. Their service was eventually bought out by Integrion, which then handed it over to CKFR to run. How many other companies can say they have gone up against IBM, Microsoft and the nation's biggest banks and come out a winner? That's why we're bulls here.