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: Big Al who wrote (13117)	1/13/2000 3:50:00 PM
From: Robert Gintel	Read Replies (3) of 20297

>>>And by my calculations, he's sold nearly 3 million shares since last October 8, when the proxy was filed:<<< The Checkfree proxy overstated our holdings. Management neglected to check our position when they prepared their proxy filing and used an out-of-date number. Our Fund reduced it's Checkfree holdings in 1999 from 1,650,000 shares, to 500,000 shares at year-end when it still accounted for a hefty 23% of our portfolio. Our sales were made between $55 and $106. Our position is higher now because we have been buying some stock back in here. The upside move in Checkfree was so great compared to our other holdings, that there was not way we could justify keeping in a publicly held mutal fund, a stock that accounted for more than 60% of our portfolio. Not even WE could could live with that concentration of assets.

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