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   Technology StocksIntuit -- What's Its Future?


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To: Captain Jack who wrote (1525)3/16/2001 6:32:43 AM
From: Larry S.
   of 1544
 
INTU has been tagged. now it is just another software stock that has warned. the rapidity and depth of the sell-off probably came from dashed hopes that maybe this company would avoid the slump. when a warning was issued, mass panic selling, huge blocks. it will take time for the stock to recover, and we likely have not seen the bottom. but INTU has a history of sharp moves both ways. maybe they soon will report that they're online tax prep service is running far ahead of last year. larry

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To: Larry S. who wrote (1526)3/16/2001 8:50:06 AM
From: Larry S.
   of 1544
 
INTUIT attempts to clarify yest's guidance: biz.yahoo.com

Friday March 16, 8:30 am Eastern Time
Intuit Clarifies Financial Guidance
Company Expects to Meet 3rd, 4th Quarter and Fiscal Year 2001 Pro Forma Operating Income Targets
Company Expects Fiscal Year 2002 Pro Forma Operating Income Growth of 25 Percent to 30 Percent

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 16, 2001-- Intuit today clarified the financial guidance it issued on March 15. The company reiterated its fiscal 2001 pro forma operating income commitment of $205 million to $213 million, which represents greater than 32 percent annual growth. This remains unchanged from guidance provided during its second quarter earnings announcement in February and is up significantly from the 13 percent profitability growth during the prior year. Intuit also reiterated that it expects to achieve a minimum pro forma operating income growth of between 25 percent and 30 percent for fiscal year 2002, which begins Aug. 1, and a minimum of 20 percent pro forma operating income growth in each of fiscal 2003 and fiscal 2004.

The company confirmed that as part of meeting its fiscal 2001 full year commitment, it would also meet its third
quarter and fourth quarter fiscal 2001 pro forma operating income commitments. Intuit's third and fourth quarter
profitability commitments are unchanged from the guidance provided during its second quarter earnings
announcement. Those commitments included pro forma operating income of $165 million to $170 million in the third quarter and pro forma operating losses of $47 million to $52 million in the fourth quarter. Due to the seasonal nature of its businesses and consistent with analysts' expectations, Intuit typically has pro forma operating losses in the fourth quarter each year.
Intuit reiterated that it expects fiscal year revenue to range from $1.26 billion to $1.3 billion, an increase of 15 percent to 19 percent over last year, but down 3 percent to 5 percent from guidance the company provided during its last earnings announcement. As it stated on Thursday, third quarter revenue growth is expected to range from $425 million to $450 million, up between 29 percent and 37 percent from the year-ago third quarter. Fourth quarter revenue is expected to range from $200 million to $210 million, an increase of between 23 percent and 29 percent over last year's fourth quarter.

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To: Larry S. who wrote (1527)3/16/2001 2:02:43 PM
From: Night Writer
   of 1544
 
Larry S.,
IMHO some momo shorts jumped on the selling bandwagon for the trip south. When they start closing positions out INTU should recover well above 30. Time will tell.
NW

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To: Larry S. who wrote (1526)3/16/2001 3:36:20 PM
From: Captain Jack
   of 1544
 
Larry, We can hope-- sold the CCs to limit losses and hope it gets called next month.

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From: ProDeath4/25/2006 11:19:46 PM
   of 1544
 
Turbo Tax Macintosh?

This year I had what was undoubtedly the worst yet of an perennial series of problems with TT Windows. Installation problems, flakes, flaws - you name, this year was unbelievable, and I've used TT since it was a DOS product. Given the Windows machine was a freshly installed XP Pro with all updates and virtually nothing else installed on it, I've had more than enough to jettison Windows and TT completely. I will not pay $70 for a piece of software that causes me to spend hours over two days with tech support just to install.

I have said for some time now that the only reason I keep a Windows installation around is for TT, as other real work on my Intel boxes gets done with linux.

It occurred to me that I might have a final solution to the Windows question if TT is any good on the Mac, can anyone comment, especially on the newer Intel-based Macs?

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To: ProDeath who wrote (1530)9/8/2006 7:35:51 PM
From: ptlusa
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I dont know why anyone would pay a premium for an intel mac. go get the real thing from Dell and save a bundle doesnt make much sense to pay for Apple branding imho.

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To: ptlusa who wrote (1531)9/9/2006 4:51:08 PM
From: Dinesh
   of 1544
 
can't comment on that, but I can surely share my recent experience with Intuit. The messageboard title is just too good to ignore.

So I used to have a quickbooks, and a turbo tax. Then, and sadly enough, I bought the latest Quicken. The moment I installed it, all hell breaks loose, and I can't use none of these products. of course it is very DISRUPTIVE. Not the positive disruptive kind.

So I call their help desk. It's aligned by products. The first person who answered said that the Quicken EULA says that we can't own this combination of Intuit products, so it's our own fault. No, he didn't offer any help in recovering. Nor did he tell us why Intuit opted to silently screw us and not just prominently warned us. What Terrific Fun!

Next help desk clerk told us we could own this products combo, but had to install them on separate disks or machines. She wanted to rush headlong into partitioning our hard disk. Next thing you know we'd have been calling Microsoft help desk (and the monkey would be off Intuit's back).

Third one put us on infinite hold. Probably trying to bring together experts from other product teams.

So far, I have installed Quicken on another PC, and in the process of backing up my old PC. Then I will reinstall Intuit's Quickbooks and TurboTax. Get my stuff.

And then! move on to better products. Never saw such helpless helpdesk, and such lame engineering team. Screw the customer before even the splash screen has faded away.

regards
-d

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To: ptlusa who wrote (1531)9/18/2006 12:39:59 AM
From: ProDeath
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Easy. The operating system software is vastly superior to anything that Microsoft will ever trouble itself to produce.

It's funny you should mention Dell. Monday 9/11/2006 made we really happy thanks to a substantial short position that I had bolstered with some puts that were part of a long strangle. I had dumped the calls at about even money the week before, the puts were a triple on Monday. I also closed the short at a profit and am watching for another entry point on the short side as I expect Dell's share price to decline further in the coming months.

I've never been all that good at finding stocks at the beginning of a major growth surge. However, over the years I have been pretty good at finding short candidates and knowing when to get out of troubled stocks. Dell was on my hit list and still is. I've never much cared for their hardware either, but that's another story.

Best of luck in your endeavors, sorry I was so long in replying, I hadn't been by SI in a while.

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To: ProDeath who wrote (1533)9/26/2006 7:54:35 PM
From: pippen33
   of 1544
 
Schmandel

I also agree and believe that the software is more robust and superior then Microsoft. I think that of recent intuit is really developing products that will power the next decade. Not sure of the support though, they have an outsourced BPO company in India. Not thrilled with the level of support.

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From: Sr K9/14/2009 5:56:26 PM
   of 1544
 
Intuit Buys Personal Finance Upstart www.Mint.com for $170 million

nytimes.com

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