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   Technology StocksIntuit -- What's Its Future?


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To: Night Writer who wrote (1514)8/31/2000 9:21:52 AM
From: AugustWest
   of 1544
 
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$
   of 1544
 
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: 2MAR$ who wrote (1516)11/14/2000 1:12:31 PM
From: Larry S.
   of 1544
 
INTU 64 + 8 1/2 - and silent thread.?? earnings due out 11/21. something's up. larry

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To: Larry S. who wrote (1517)12/8/2000 6:53:58 AM
From: Bocor
   of 1544
 
Definitely worth listening to for all longs!

biz.yahoo.com

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To: Bocor who wrote (1518)12/26/2000 8:13:39 AM
From: Larry S.
   of 1544
 
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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To: Larry S. who wrote (1519)1/18/2001 5:36:14 PM
From: Night Writer
   of 1544
 
I'm back in at 35 1/2.<eom>
NW

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To: Tony Wilson who started this subject2/12/2001 10:37:10 AM
From: Larry S.
   of 1544
 
INTU to open up Quickbooks to outside programmers: public.wsj.com - this could be a very powerful move for INTU. I like the chart on INTU and view this weakness in the mid 30's as a huge buying op. disclosure. long and bullish on INTU. larry

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To: Tony Wilson who started this subject3/15/2001 5:44:34 PM
From: kendall harmon
   of 1544
 
INTU, good article here

Intuit Says Y2K Freebies Caused This Quarter's Miss
By Adrienne Sanders

Intuit (INTU:NYSE - news) said today that the lingering effects of a Y2K giveaway are the main reason the company will miss its financial estimates for the current quarter. At its annual analyst day Thursday, the financial software and services company opened the morning by cautioning it would log revenue of $425 million to $450 million instead of meeting revenue expectations of $455 million to $470 million for the third quarter ending April 30. In turn, the company lowered its sales estimates for the full year to $1.26 billion to $1.30 billion from $1.32 billion to $1.34 billion.

"The economic slowdown was not the real reason for the warning," said Intuit CFO Greg Santora. Santora explains that in 2000, Intuit gave out 350,000 free copies of its QuickBooks software so customers would be Y2K compliant. As a nasty side effect, those happy recipients aren't upgrading in 2001 at the 20% to 30% rate expected, which pinches the small-business segment that comprises 35% to 40% of Intuit's business. Intuit gave away free Quicken Y2K upgrades last year as well, but Quicken users are still upgrading because of Quicken's relatively cheap price tag -- under $50 vs. QuickBook's several hundred dollar price.

Additionally, Intuit is feeling the pain in the weakened market for Internet advertising. Its Quicken.com portal and QuickBooks Internet Gateway are adding to the company's revenue shortfall. Throw into the mix a slowdown in Japan, and revenue is coming in light.

On the good-news side, Intuit assured the analyst community that lagging third-quarter revenue wouldn't get in the way of business growth. The company promised the Street it would turn in 20% growth in operating income over the next three years -- it's counting on even higher growth rates in 2002 -- and is sticking by operating income estimates of $205 million to $213 million for 2001. (Those numbers exclude things such as acquisition-related charges and investment losses.) The company is a staple provider of personal and small-business financial software, and typically logs the bulk of its yearly revenue in the second and third quarters around tax time. Some analysts felt there was no reason to overreact, as investors did in dinging the stock by 28% Thursday morning, because the revenue dip was minimal.

"Compared to most companies in techland, like Oracle (ORCL:Nasdaq - news), Intuit is pretty solid. They had only a 3% revenue reduction and left their profit alone," said David Farina, an analyst from William Blair, who maintains a strong buy on Intuit despite the warning. (His firm co-managed an Intuit secondary offering three years ago.) "Things have to get really bad in this country before people go back to pen and paper to do their taxes."

Intuit revealed the downturn just more than three weeks after reporting its second-quarter results on Feb. 20, when it notched $457.6 million in revenue. Its lower revenue projections for the third quarter represent a 38% increase from the year-ago quarter's $329.1 million.

thestreet.com

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To: Larry S. who wrote (1521)3/15/2001 8:30:45 PM
From: Captain Jack
   of 1544
 
Larry, you post was 3 days old. Did you change your mind today?

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To: Captain Jack who wrote (1523)3/15/2001 9:11:46 PM
From: Larry S.
   of 1544
 
Actually, a month a 3 days. No. I don't feel anything fundamentally changed with the company. The stock, however, got totally raped. INTU is still a premier company, just cheaper. larry

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