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

To: Ron S who wrote (8226)	10/22/1998 8:01:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 8545

>>> the buyback puts them at about 20 3/4%, which I rounded to 21%. Yes that is correct. Intuit may be required to sell some shares to bring them under the 20% limit (adopted in Dec. 96 by CheckFree Holdings Corp.), I'm not sure what time limits are on this. If CheckFree was smart they would buy back these shares privately from Intuit, (using the current buyback), even at the current market price. Doing the math, it looks like Intuit needs to sell a few hundred thousand shares (300K +/-). Benny