CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Benny Baga who wrote (12875)	12/27/1999 10:58:00 AM
From: p friend	Read Replies (2) of 20297

Pooling. Thinking back to last summer. Seems to me Checkfree was trying to buy Bluegill last summer. They were planning the SPO to precede this, but didn't declare that at the time of the SPO. They needed to do the secondary to sell the stock they bought the previous fall during the debacle. Without selling the stock, pooling accounting would not have been available to them. At the time, they must have felt the market would not have been kind to them about the dilution to earnings from buying Bluegill. After the SPO failed the Bluegill purchase stalled, as they did not feel confident enough to do it without pooling treatment. Then as the stock became stronger and the monkey got internetted, they decided they could do it anyway, damn the pooling. So, they probably still need to sell that stock from the debacle. This will be the last year to get pooling and they will probably want to make another big purchase this year. Do not know if or how this helps us. Just trying to add a piece to the puzzle.

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