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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 (4448)	4/9/1999 8:11:00 AM
From: Al Cano	Respond to of 20297

CKFR has approx 75to80 % market (23 of the top 25 banks in the country). BOCA RATON, Fla. (CBS.MW) -- Piper Jaffray's Steve Franco spoke with CBS.MarketWatch.com about institutional interest in Internet value stocks, opportunities in online financial services and why fund managers won't get “AOL'd” again. As senior research analyst at U.S. Bancorp Piper Jaffray specializing in e-commerce, Steve Franco has been conducting research on Internet-related topics since the Internet's inception in early 1994. That experience that gives him a unique perspective on the development of successful business models in this highly dynamic marketplace. Question from CBS: What other stocks do you like? Franco: I don't want to tip my hand to future coverage, so there's a couple of names I'll refrain from talking about. But a company that's not in the MicroCap space that I really like a lot is CheckFree (CKFR). They're an outsource provider of online banking and bill payment services, which they provide to 23 of the top 25 banks in the country. They basically have a lock on the market, somewhere around a 75 to 80 percent market share, and this is a market that's probably about 5 percent penetrated, with penetration expected to grow to 20 to 25 percent over the next five to six years.