Intuit -- What's Its Future? Message Board

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Technology Stocks : Intuit -- What's Its Future?

INTU 662.55

+1.9%

Nov 14 9:30 AM EST

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To: chirodoc who wrote (936)	1/8/1998 4:58:00 PM
From: TLindt	Read Replies (1) of 1546

Well did you ever do the math on this one? Intuit sell Intuit service Corp to Checkfree...has a 71M profit on the sale...gets 12.6M Shares.....then sells a 2M share of Checkfree for Cash and get about 29M. Then picks up Excite for $39M...so they got 20% of both for 10 Million in Cash out of Pocket. Hey doc do you know what 20% of Excite + 20% Checkfree is? Worth 36 times that 10 Million in out of pocket cash. BTW this made me feel good Intuits' target is $45-$50 and Excite just got raised to $40 from $28-$33. Checkfree is the only one above it's target...wonder which analyst...is going to peg them at $40 from $22. Message 3125932

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