Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ron S who wrote (2842)	2/24/1999 10:13:00 AM
From: zuma_rk	Read Replies (1) \| Respond to of 20297

My quick take... AWESOME NEWS, but I get the feeling that CF didn't necessarily want this press out yet (I would figure that ATT would get dibs on the "first to market" claim -- hence, this news wasn't released under the Checkfree ticker). In any event, this is the shot across the bow, IMHO. ATT has got to be all over this, and is sure to come back with their own marketing blitz to counter MCI (and BTW, where is Sprint (or the other baby bells) in all the melee, and let's not forget Qwest (which is, I believe, the number 4 long distance provider in the country, and is currently in e-bill pilot, as pointed out by Benny the other day). Just some quick thoughts -- RK

To: Ron S who wrote (2842)	2/24/1999 10:29:00 AM
From: Brooks Jackson	Read Replies (1) \| Respond to of 20297

Ron: <<Will most other banks follow Wells Fargo out of the TP beta-test soon.>> I don't think we can count on that, but we can hope. <<Is TrashPoint so far behind the 8-ball that they are likely to either give up or make a hostile bid for CKFR (or will they sell out to CKFR like Intuit and many other frustrated non-developers have).>> As we've discussed on this thread before, a hostile takeover of CKFR is extremely unlikely because Intuit owns 20%, Pete owns 12%, and I'm not selling either. ;-) As to CKFR buying TP -- why would Pete want it? It's a money-losing joint venture that IMO will continue to drain cash out of MSFT and First Data until they either kill it off or (more likely) stabilize themselves as the second fiddle player in the e-bill/billpay business. I'm guessing something like a 70% market share for CKFR in 5 years, 20% for TP and 10% for everybody else. Just my opinion.

To: Ron S who wrote (2842)	2/24/1999 10:48:00 AM
From: Gregg Soster	Read Replies (2) \| Respond to of 20297

Could CKFR be delayed? Sure, so could anybody's implementation plans including TP if that implementation does one of two things: 1. Touches the banks Mainframe in anyway once the Y2K freeze takes place. 2. Even if it does not touch the Mainframe, if it violates the banks Y2K policy on system changes during the freeze. In general, banks will freeze mainframe development mid 1999. Work outside the mainframe ie client server may continue until November 1999 but then the lock down is really turned on. If CKFR or TP or anyone isn't finished with the mainframe side of the implementation by June 1999 don't expect any product by 2001 Q2. Gregg