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

To: AugustWest who wrote (4027)	3/27/1999 1:11:00 AM
From: Robert Gintel	Read Replies (5) \| Respond to of 20297

I have never predicted a target price here and in fact I never had one. I do know from experience that the good ones go a lot higher than one might think. Some of you may remember about a year ago I did predict that many of us, including myself, would probably sell our Checkfree too soon. That's because we watch it too closely, and become impatient when it doesn't move up quickly, or frustrated when it tanks. Plus, all the confusion and competitive pressures that surround this stock and the industry add to our fears and detracts from our resolve to stay the course. In my opinion, the stock has been trading a lot differently these last few months. I think it has developed a new following....for better or worse? Smaller investors have been climbing aboard. Day traders, speculators, I don't know. It goes down, but comes right back. The price volatility is much greater. Anything can happen. There is a much much greater awareness today of Electronic Commerce and Banking and I think a growing realization that Checkfree may be one of the best pure plays for the investor to participate in the revolutionary growth of this industry. I just got back from the J.P Morgan Electronic Commerce Institutional Investor's Conference. Pete Kight was the last speaker Friday afternnon. It was a dynamic and powerful presentation and, in my view, contrasted very favorably with the one given by First Data. Pete Kight has an unusually strong grasp and understanding of his business and he articulates it well. He conveys a good sense of knowing where he wants to go and how to get there. Portal access and large 'biller' participation are expected to accelerate the industry's growth. Checkfree, as we know, has a commanding lead and is well entrenched...but they won't have it all. Nor do they need to. Checkfree's third generation bill presentment application will soon become available. Genesis migration is on schedule. By year-end, as much as 60% of transactions could be all electronic. The dispute with Intuit will probably have to go through a legal process, including arbitration. Allow 60 days for possible resolution. The Yahoo deal is set, but awaiting completion of additional software development. The other Portals want in, and it would seem that the only question is, do they come in through Checkfree directly, or through Checkfree via Intuit. Either way they are expected to come in, and become an important catalyst for rapid growth in consumer adoption. I often wonder how many of the 2 1/2 million Checkfree adopters own Checkfree stock and what will happen when that number grows to 5 and 10 million? It's nice to see a stock you own go up, but I kind of agree with the poster who said, it's bad Karma to talk about it in advance. I say once again to the more trading oriented amongst us...Think more like investors....take a longer view...and you will have a better chance of making more money in the long run.