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

To: kamo who wrote (1354)	1/17/1999 8:20:00 AM
From: Robert Gintel	Read Replies (1) \| Respond to of 20297

<<Is it important?>> Without knowing the answer for sure, it looks to me like Integrion has exercised its warrant to buy 3,000,000 shares of Checkfree for $21.67 per share, or $65 million and Checkfree is registering those shares so that they can be sold. I can't imagine what else it could be, particularly since from memory, the price and the number of shares seem to match up? Looking at it from the company standpoint, Checkfree bought equity last August at $6.00 per share, or $18 million when it repurchased 3.0 million shares as part of the 3.6 million shares purchased under the stock buyback program and just sold it for $21 5/8, or $65 million, pocketing a $47 million gain in the process. Corporate cash increases by $65 million and future income increases from interest received on the money. However,earnings per share bears the dilution of 3 million additional shares now outstanding, once the company turns profitable, which should be happening NOW! Looking at it from a short term perspective, Wall Street may worry about a large block overhanging the market. The question is how will Integrion dispose of the block? Will it be sold the open market over time? Will there be a secondary of some sort? Or has it already been sold to some one? Benny, what is the answer, or is all this just a figment of my Sunday morning imagination ?