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Technology Stocks : Intuit -- What's Its Future? -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (1059)	2/16/1998 12:18:00 PM
From: TLindt	Respond to of 1546

10.6 Million Shares of Checkfree, 2.9 Million Shares of Excite.

To: Larry S. who wrote (1059)	2/16/1998 12:23:00 PM
From: Roger Bass	Read Replies (1) \| Respond to of 1546

Intuit's holdings in the other two companies are roughly: 1 Excite per 16 Intuit = about $3 per Intuit share 1 CheckFree per 5 Intuit = about $5 per Intuit share So, another way to look at the Intuit valuation is to subtract $8 off the share price, and calculate the P/E based on that, and the same earnings figure. Neither Excite's nor CheckFree's earnings (losses) impact Intuit's P&L, because both are sub-20% holdings, so only the (non-existent) dividend payments show up. (This was of course, the whole idea behind Intuit's reducing its CheckFree holdings to that level) Roger. Disclosure: I work for Intuit.