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

To: micny who wrote (5620)	5/21/1999 3:05:00 PM
From: DMauch	Respond to of 20297

A little more info...(Corillian used to be part of CheckFree) Corillian currently envisions working with the two major forces that are competing to develop bill presentment--the presentation of bills to consumers via PC for payment via PC. The two competitors are CheckFree Corp. and Transpoint, a joint venture between Microsoft, Citigroup Inc. and First Data Corp. Montoya said that combining Corillian's Voyager with the software used by those other companies would allow banks to offer bill presentment through their web sites, rather than through the CheckFree or Transpoint web sites. Corillian (the name derived from "Star Wars" terminology) was established in May 1997 when a group of managers and employees bought out their division from CheckFree. But a core group of Corillian goes back farther under a variety of business names. Here's the link: amcity.com -dave

To: micny who wrote (5620)	5/21/1999 3:12:00 PM
From: Mr. Mo	Respond to of 20297

I think someone on the thread mentioned awhile back that they noticed Fidelity was accumulating CKFR. Here's an article in today's WSJ that would seem to confirm that, although it doesn't mention CKFR by name. See the 5th paragraph. They're buying "internet infrastructure" stocks: Fidelity Continues to Resist Internet-Only Mutual Fund By MARGARET BOITANO and DAVID FRANECKI Dow Jones Newswires WASHINGTON -- Fidelity Investments continues to hesitate when it comes to the idea of an Internet-only mutual fund. The big Boston mutual-fund company has long resisted opening a mutual fund geared only to Internet-related stocks, despite the explosion of interest in such stocks from investors. And it's unlikely Fidelity will change its mind in the months to come, senior executives said at a breakfast here Thursday during the Investment Company Institute's general membership meeting. "We've been inundated with requests to have an Internet-only fund," said Robert Pozen, president of Fidelity Management & Research Co. "If I started that fund, we could get $3 billion in the first month, but the question is would that be good in the long term for our investors, and I really don't think so." "There's clearly something of a speculation going on in Internet stocks, and we don't want to fuel that," Mr. Pozen said. That's not to say Fidelity isn't buying its fair share of Internet stocks. Fidelity Select Technologies Fund and Fidelity Select Communications Fund have significant positions in Internet stocks, Mr. Pozen said. Internet companies that provide the infrastructure for the Internet are most likely to succeed, he said. Peter Lynch, the former star money manager who is now vice chairman of Fidelity Management & Research, said the company has bought some winners and will continue to do so. "We're really into the Internet. We're looking for them hard, and we're going to find them," said Mr. Lynch, who grew to fame while running Fidelity's flagship Magellan Fund, now the nation's largest mutual fund. While he left daily portfolio management nearly a decade ago, Mr. Lynch hasn't shaken his affinity for fast-growing small-capitalization stocks. Although large-cap stocks have led the stock market's amazing bull run in recent years, on the whole they can't match the growth potential of small-cap stocks, Mr. Lynch said, simply because they're already big, diversified companies. "It's very hard for large companies to accelerate their growth rate as well as small companies," Mr. Lynch told a group of reporters at the ICI meeting. Because many big companies find it difficult to continue growing earnings, many big stocks "run out of steam," said Mr. Lynch, who earned his reputation largely from his ability to buy smaller companies with market-beating growth rates. Return to top of page

To: micny who wrote (5620)	5/21/1999 3:25:00 PM
From: Gregg Soster	Read Replies (1) \| Respond to of 20297

Who pays Corrillian?? And, why, given that CKFR & Intuit crafted OFX, can't the two communicate without Corrillian?? The bank buys the software from Corillian. Why can't CKFR and Intuit go direct? Well technically they could but technically companies could build their own routers instead of buying then from 3COM. We are talking about only one small piece of the users experience at the bank, presentment. There is traditional banking transactions, payment, investment, loans, ect. Corillian pulls all that together as well.