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

To: TLindt who wrote (6027)	6/4/1999 11:02:00 AM
From: tktom	Read Replies (2) \| Respond to of 20297

A new Bill Pay company came public today, ORCC, started by a seasoned banker, has relationships with 350 banks, all small community banks (was interviewed by CNBC this morning). Not sure about bill presentment. Acquisition by CKFR could fill the last peg.

To: TLindt who wrote (6027)	6/4/1999 12:43:00 PM
From: Rob C.	Respond to of 20297

High Speed<HSAC.O>, Online Resources<ORCC.O> debut NEW YORK, June 4 (Reuters) - Cable Web access company High Speed Access Corp <HSAC.O> raced ahead Friday, up 50 percent, while online banking services company Online Resources & Communications Corp <ORCC.O> rose 15 percent after the companies' initial public offerings on Friday. High Speed shares were up 6 at 19 while Online Resources stock reached a high of 20-1/4, later easing slightly. McLean, Va.-based Online Resources, which enables customers to provide Internet banking services with the ATM network as an integral part, priced 3.1 million shares at $14 a piece with the help of lead underwriter J.P. Morgan. Randall Roth at Renaissance Capital's IPO Plus Aftermarket Fund <IPOSX.O> believes the company currently has an edge because it has access to the closed ATM network. Its system allows smaller community banks to make ATM machines more functional. Instead of simply using them for withdrawing and depositing money, customers could use them for paying bills, for example, as some of the larger banks, such as Citibank, have offered. But Roth also believes this may be a temporary advantage. "They have access to the closed ATM network, which is an advantage. They have patents for their technology, so small banks don't have to develop expensive systems on their own," Roth said. "The downside is that this was designed for the last generation," Roth added. "This was a good idea five years ago, but I believe the ATM network is moving toward a more open standards platform." Roth believes that ATMs in the near future will represent a more open network with online access to buying movie tickets and such. "I think they'll become a bit like an Internet Kiosk." Roth believes that will diminish the company's edge and allow other Web-related companies to take a piece of the pie. The company's main competitors include CheckFree Corp <CKFR.O> and TransPoint, as well as Edify Corp <EDFY.O>, according to Roth. Online Resources reported a loss of $15.3 million on revenue of $2.2 million in 1998 versus a loss of $13.04 million on revenues of $1.01 million the prior year. Riggs National Bank and California Federal Bank are two of the company's clients. Cable Internet Access provider High Speed Access Corp also began trading Friday. Vulcan Ventures Inc, an affiliate of Microsoft co-founder Paul Allen, beneficially owned 54.2 percent of the common stock before the offering. "Highspeed Access is trying to be a big competitor to AtHome <ATHM.O>. I don't know how successful they will be because part of their target is the ex-urban, less populated market. And part of the strategy for that is to be early and to get agreements with cable companies. They are a bit behind AtHome and RoadRunner. It may be a tough call for them," said Steven Tuen, an analyst at IPO Value Monitor. Network Access Solutions Corp <NASC.O> also brought its shares to the market Friday, but fell below its initial price of $12 to 11-7/8. During midday trade it was unchanged at 12. Web investment banking company Wit Capital <WITC.O> also opened on Friday for the first time and traded up 6-1/2 to 15-1/2 at midday. Web software company F5 Networks Inc <FFIV.O> was also expected to open today but open for several hours. At midday, it was up 3-1/2 at 13-1/2. 859 1896)) REUTERS Rtr 12:29 06-04-99 Copyright 1999, Reuters News Service Copyright © 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. or such other notice as may be agreed by the parties in writing.