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


To: TLindt who wrote (5886)6/1/1999 4:49:00 PM
From: Scott Williams98  Read Replies (1) | Respond to of 20297
 
CKFR..potential short?

Thought I'd never say that about CKFR. Sold my traders last week. If the 'Nets continue to get hit, and CKFR breaks below that $40.00 support level, the descending triangle will be confirmed (if you're charting).

Next stop could be around $28.00 (boy, would I love to get my hands on some $28.00 CKFR).

Best of luck SCOTT



To: TLindt who wrote (5886)6/1/1999 5:21:00 PM
From: Rob C.  Read Replies (1) | Respond to of 20297
 
TL,

From the S3....

USE OF PROCEEDS
We expect to receive approximately $105,147,150 (approximately $128,623,313
if the underwriters exercise their over-allotment option in full) from the sale
of the 2,350,000 shares of common stock offered by us at an assumed public
offering price of $47.07 per share, and after deducting the underwriting
discount and estimated offering expenses payable by us. We expect to use the net
proceeds from this offering for working capital and general corporate purposes,
including expansion of our services to a broader market and potential
acquisitions.
Accordingly, we have broad discretion in the allocation of the net proceeds
from this offering. Pending such uses, we expect to invest the net proceeds from
this offering in short-term income producing investments. While we engage in
discussions relating to potential acquisitions from time to time, no such
transaction is contemplated as of the date of this prospectus.
We will not receive any proceeds from the sale of common stock by the
selling stockholders. See "Selling Stockholders."