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Technology Stocks : Intuit and the IBM/Banking Consortium
INTU 669.88-0.6%Dec 30 3:59 PM EST

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To: don kramer who wrote (10)12/4/1996 8:37:00 AM
From: don kramer   of 25
 
IBM and Mega

Tuesday 3 Dec 1996, Integrion, the IBM consortium, alliance with
Mega software for banking-on-line product development efforst.

newspage.com

This "alliance" may prove to be another negative
issue in future expectation of Intuit.
Many long's of recent , have speculated, that Intuit may
be for sale and this suggests, IMHO, that at least IBM and
Integrion are not currently interested.

You may wish, also, to focus on the jargon "openess" for software
designed for and by banks. This may be an issue of some
importance. IMHO, groups associated with the electronic banking,
and homebanking must market the idea that the client bank is
totally incharge of the software, interface, front-end..etc...

Clearly, IBM's marketing might, and sales people are more experienced
than Intuit's, to deliver the "open software" message to banks.

P.S. I am not suggesting a rating between the software of Mega
and Intuit. Rather, I am suggesting that this is a clue to
the direction (i.e. away from Intuit,) which Integrion is directing
itself.

dk
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