| To: Night Writer who wrote (1514) | 8/31/2000 9:21:52 AM | | From: AugustWest | | | | Intuit Completes Acquisition of Web Finance Joint Venture Company
Business Editors
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 31, 2000--Intuit Inc.
(Nasdaq:INTU) today announced that it has completed its acquisition
of the remaining shares of Venture Finance Software Corp. (VFSC), a
privately held joint venture company in which Intuit had previously
been a minority investor.
VFSC, based in Mountain View, Calif., has developed technology
that has enabled Intuit to move the functionality of its Quicken
desktop software onto the Web. With this technology, Intuit has been
able to offer consumers an intuitive service through which they can
easily view and pay their bills online, as well as tools that enable
them to monitor and manage their personal finances and investment
portfolios online. VFSC had licensed its technology to Intuit to
provide these services through Quicken and Quicken.com.
Intuit acquired all outstanding shares of VFSC in a cash
transaction, which closed yesterday and was valued at approximately
$115 million. The purchase price was based on a formula that was
negotiated at the time of Intuit's original investment in VFSC in May
1998. VFSC will become part of Intuit's consumer finance division.
About Intuit
Intuit Inc. (Nasdaq:INTU) is the leader in e-finance, including
financial software and Web-based financial services for consumers and
small businesses. Intuit develops and markets QuickBooks(R), the most
popular small business accounting software; Quicken(R), the leading
personal finance software; and TurboTax(R), the best-selling tax
preparation software.
An innovator in delivering Web-based financial tools, Intuit is
the leading provider of online tax preparation and filing and online
mortgages. Intuit is also breaking new ground as a leader in online
bill presentment and payment, and in the delivery of its QuickBooks
Internet Gateway platform of connected e-services for small
businesses. Intuit's Quicken.com(R) Web site (www.quicken.com) is a
leading financial site, offering a comprehensive set of financial
news, information and tools, including insurance, mortgage, investment
and tax preparation services. Intuit's products and services enable
individuals, small businesses and financial professionals to better
manage their financial lives and businesses.
Note to Editors: Intuit, Quicken, QuickBooks, QuickBooks Pro,
TurboTax and ProSeries, among others, are registered trademarks and/or
registered service marks of Intuit Inc. Quicken.com and
QuickBooks.com, among others, are trademarks and/or service marks of
Intuit Inc.
--30--jag/sf* dc/sf
CONTACT: Intuit Inc.
Linda Fellows, 650/944-5436 (Investors)
linda_fellows@intuit.com
or
Ketchum for Intuit
Michele Cerza, 650/596-2700 (Media)
michele.cerza@ketchum.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE ELECTRONIC
GAMES/MULTIMEDIA INTERNET SOFTWARE MERGERS/ACQ
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story *** |
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| To: AugustWest who wrote (1515) | 11/2/2000 7:11:51 PM | | From: 2MAR$ | | | | Intuit Announces Earnings Release Date = Nov 21
Business Editors
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 2, 2000--Intuit Inc.
(Nasdaq:INTU) announced today that it will release its first fiscal
quarter earnings on Tuesday, Nov. 21, 2000, following the close of
market.
Intuit will subsequently host a conference call at 1:30 p.m. (PST)
to discuss first quarter financial results.
A downloadable earnings press release and PowerPoint presentation
also will be available on Intuit's website at
www.intuit.com/corporate/investor_relations following the close of
market on Nov. 21, 2000.
To access and participate in the conference call dial 888/732-8927
in the United States or 212/676-4910 from international locations. No
reservation or access code is needed.
Those unable to participate can call 800/633-8284 or 858/812-6440
to listen to a tape recording of the call. The reservation number for
this call is 16842766. The recording and presentation will be
available for one week after the conference call.
About Intuit Inc.
Intuit Inc. (Nasdaq:INTU) is the leader in e-finance, including
financial software and Web-based financial services for consumers and
small businesses. Intuit develops and markets QuickBooks(R), the most
popular small business accounting software; Quicken(R), the leading
personal finance software; and TurboTax(R), the best-selling tax
preparation software. An innovator in delivering Web-based financial
tools, Intuit is the leading provider of online tax preparation and
filing and online mortgages. Intuit is also breaking new ground as a
leader in online bill presentment and payment, and in the delivery of
its QuickBooks Internet Gateway platform of connected e-services for
small businesses.
Intuit's Quicken.com(TM) Web site (www.quicken.com) is a leading
financial site, offering a comprehensive set of financial news,
information and tools, including insurance, mortgage, investment and
tax preparation services. Intuit's products and services enable
individuals, small businesses and financial professionals to better
manage their financial lives and businesses.
--30--lr/sf* pw/sf
CONTACT: Intuit Inc.
Lisa Rhodes, 650/944-2713 (Investors)
or
Ketchum (for Intuit)
Holly Anderson, 615/377-6902 (Media)
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: E-COMMERCE INTERNET SOFTWARE CONFERENCE CALLS
EARNINGS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page. |
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| To: Bocor who wrote (1518) | 12/26/2000 8:13:39 AM | | From: Larry S. | | | | | Turbo tax sales down 30% so far, public.wsj.com - could be reason for recent weakness. Then again, comparisons to last year, with Y2K and robust computer sales, might well be misleading. neveertheless, a negative, at least short term, for this stock. a screaming buy here in mid 30's, might well becoming even more so. larry |
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