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

To: salva who wrote (7893)	7/10/1999 3:30:00 PM
From: Robert Sloan	Read Replies (1) \| Respond to of 20297

See Erik t's view,post # 7853, as to why Intuit will not be buying Checkfree. Although it sounds somewhat sensible to me that this or another form of "partnering ' could happen. (see my post #

To: salva who wrote (7893)	7/10/1999 6:30:00 PM
From: g_m10	Read Replies (1) \| Respond to of 20297

To buy the remaining 80% of CKFR would cost around 2.2 billion at $50/shr 2.6 billion at $60/shr 3.0 billion at $70/shr At least rumors about buyout by INTU doesn't sound as funny as it was with YHOO. Current depressed price is not written in stone. CF price has a history of coming back with vengeance and gaining 100% in a matter of days. $70/shr may not be the end of the bidding, it may not be even the beginning of it. There are some other facts to consider. 1.If INTU triggers a bidding war, they would risk, in case of defeat, losing everything: 20% of shares, special relationship, etc. OTOH, if INTU manages to talk CF into friendly takeover or merger, while other contenders will have to put a hostile bid, INTU may have a chance of success. 2. INTU is steadily losing its market share to MS. Gaining control over payment processing, would be a good counter balance to control over PC OS by MS. 3. INTU once was trying to be in the payment processing business. After the sale of it to CF for 20% of CF stake, never cashed the stake. INTU might have intention to get back into the processing business. How much INTU can afford to pay, what it can afford to lose? Considering all the facts I may not be sure that we will not see some actions from INTU in the future. JMHO