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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 (3590)	3/9/1999 8:21:00 PM
From: g_m10	Read Replies (2) \| Respond to of 20297

Not sure if it has been posted. ...Intuit's complaint states that it learned in late 1998 that Checkfree was negotiating with Yahoo without including Intuit. Intuit modified the original agreement to allow Checkfree a one-time exemption to remain in talks with Yahoo, according to the complaint. Intuit's lawsuit states that at a San Francisco meeting last month between Intuit executives and Checkfree Chief Operating Officer Peter Sinisgalli, Checkfree stated that it had the right to market the service independently. .... According to the complaint, Intuit said it learned on February 26 that Checkfree was negotiating with the unnamed portal site, which Intuit had also been talking to. The second set of discussions apparently triggered the suit. ... The suit also states that an exclusivity clause in the contract barred Intuit from distributing bills from MSFDC, a Microsoft joint venture and Checkfree competitor that has since changed its name to Transpoint. It also bars Checkfree from offering bill payment processing to merchants. Intuit says that exclusivity has been extended until October 2000, one year later than the original contract. news.com