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Technology Stocks : CheckFree (CKFR)
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To: pat mudge who wrote (1044)12/21/1997 5:07:00 PM
From: Charlie Smith  Read Replies (1) of 8545
 
Pat:

I think you're reading more into this filing than is actually there. It looks like standard language in a poison pill, put in to avoid activating the pill if a less than 15% holder happens to get pushed over the line because of a buyback. Not necessarily a signal that CKFR is anticipating a buyback or self tender (the same thing), but that if it occurs the pill is not activated for those already holding some number of shares close to the 15% line.

That's my take.

Charlie
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