Intuit, the Quicken people... Message Board

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Technology Stocks : Intuit, the Quicken people...

INTU 676.31

+1.3%

Nov 3 3:59 PM EST

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To: kfs who wrote (9)	9/22/1997 11:27:00 PM
From: kfs	of 74

Up 4 5/8 to 31 3/8 (17%) today. Rumor (on another thread, but I could find no confirmation after searching the usual suspects on the web) has buy out by H&R Block. Next in a long line of buy out rumors of Intuit. This one a little more intriguing than most given: 1) H&R Block sitting on cash upon selling Compuserve. 2) H&R Block NOT a financial institution, and therefore Scott Cook would presumably not have the objections ("Intuit will never be hostage to a single financial institution.") he had to previously rumored suitor American Express. Point 1 begs the question, however, after H&R Block's debacle experience with Compuserve, do they want to get back into a computer-related, non-core business? Or does TurboTax alone, generating the lion's share of Intuit's revenue, make Intuit part of Block's core business?

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