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Technology Stocks
Intuit and the IBM/Banking Consortium
An SI Board Since May 1996
Posts SubjectMarks Bans Symbol
25 0 0 INTU
Emcee:  Samuel Kho Type:  Unmoderated
IBM has formed a joint venture company with several major banks.
I think this consortium could be formed to acquire INTUIT.
The advantages of acquiring Intuit, as I can see, are:

1. Intuit stock price is now depressed. Despite recent runup, it is still
way below its 52-week high.
2. The consortium can have a quick start without need to develop its own system.
3. Later the consortium can attract other banks to join by charging them fees or
by selling shares of the consortium.
4. There won't be any anti-trust problem.

I don't see any disadvantages.

Sam
Disclosure: I own some Intuit stocks.
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ReplyMessage PreviewFromRecsPosted
25 Dead dog, Intuit Hi, Karl, listen, have you been reading my previous stuff??don kramer-1/29/1997
24 Dan, You are correct that most of the revenue from electronic banking will be cKarl Kandell-1/28/1997
23 revenues, where? ok, one more time, with all respects.... there is no signifidon kramer-1/25/1997
22 Intuit, Microsoft, Checkfree agree on standard Financial API biz.yahoo.com Hokfs-1/23/1997
21 I would never have thought when posting to this thread on Jul 21 that I would eKarl Kandell-1/16/1997
20 Business Week background article on IBM & Integrion: businessweek.com CheDaniel Schuh-12/4/1996
19 IBM and Mega Tuesday 3 Dec 1996, Integrion, the IBM consortium, alliance withdon kramer-12/4/1996
18 EDS probably would have managed to provide the same high level of service they Beth Little-9/3/1996
17 The PE is 1300 only because Intuit posted a loss in its last quarter. I like InTony Wilson-8/31/1996
16 Can you name another company who could even have attempted what IBM did for theRobert Scott Diver-8/22/1996
15 I couldn't agree more. Intuit stock, at under $40, is a fantastic buy, if tTony Wilson-8/22/1996
14 Samuel, I found this article about the IBM bank consortium, called INet,(oh sChristopher D. Casey-8/20/1996
13 I have used Quicken for about 4 years now. When MSN was giving away MONEY I pitrevor Martin-8/6/1996
12 Does anyone know how Intuit is doing in terms of market share of Quicken and QUDave von Hausen-8/3/1996
11 Don, I agree w/ many of the points you brought up and I'd figure I'd ttensai-7/26/1996
10 permit me to comment. Management did mess up Intuit. Price drop borders on cadon kramer-7/22/1996
9 Sam: Must tell you,I just got my Aptiva and is a dream come true,love this Rick Shepherd-7/22/1996
8 I have used Quicken 10 times more than any other software in the last decade anKarl Kandell-7/21/1996
7 Christopher, It was on the Wall Street Journal. It was also on the online versSamuel Kho-6/18/1996
6 Sam, I've run a few searches and I can't find any press releases relatiChristopher Coleman-6/7/1996
5 I read it in that day's issue of the Wall Street Journal. It didn't menSamuel Kho-6/3/1996
4 I think over the next few years, the only way for Intuit to continue to prosperSamuel Kho-6/3/1996
3 SAM.... this is interesting... which banks are joining IBM? And how about Microjmk-5/24/1996
2 I agree that quicken is currently their greatest money maker. However, if you lBrian Glas-5/21/1996
1 I think Intuit being essentially a single product company is still a very specuA.Elahi-5/18/1996
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