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

To: TLindt who wrote (7392)9/9/1998 12:34:00 PM
From: AugustWest  Read Replies (1) | Respond to of 8545
 
Edit in: yahoo says 55.4 outstanding. I stand corrected.

I think there are close to 58mm shares out, so 1.5 off my head would be a bit short of 3%. Thayt would be about 1,74mm shares for 3%.

Anyone know if they have a date on the actual purchase? And price?



To: TLindt who wrote (7392)9/9/1998 12:35:00 PM
From: Benny Baga  Read Replies (1) | Respond to of 8545
 
>>>1.5 Million is about 3% of the company isn't it?

Yes. CheckFree would have most likely have executed a larger buyback, but they want to keep some cash available for potential acquisitions, etc. IMO it's not the number of shares that is important, it's the principle of the matter, and hopefully this will give CheckFree a "warm and fuzzy" towards "buy backs" down the road when they are rolling in the cash.

Benny


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