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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (799)	11/29/1997 12:49:00 AM
From: Robert Gintel	Read Replies (3) \| Respond to of 8545

I believe Intuit still holds just under 20% of Checkfree's 54 million outstanding shares.These shares were received in exchange for Intuit Services at the beginning of this year. Some shares were sold in a secondary in the March quarter because Intuit, for accounting reasons, had to get under 20%. I believe there are restrictions on further sales of Checkfree stock by Intuit, but I forget what they are. Chirodoc, glad to see you are changing from a trading mentality to an investment approach. I suspect that may prove to be the more profitable avenue to take with this investment.