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

To: Sam Biller who wrote (3710)	3/14/1999 12:15:00 PM
From: JimNewby	Read Replies (1) \| Respond to of 20297

Back when the monkey was ~$6, CKFR bought back and retired a large chunk of the float. This effectively increased INTU's share to over 20%. INTU was forced to sell shares at under $10 to lower their stake to under 20%. The 20% is an SEC rule. Trading Junkie asked: I think if INTU had the chance to buy more CKFR below $10.00, they would own more as well. I guess the lawsuit was a failed attempt. Sam Biller asked What about the 20% requirement? What is the exact reason Intuit can't own more then 20%? Jim