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Technology Stocks : Apple Inc.
AAPL 272.16+0.1%Dec 18 3:59 PM EST

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To: Zen Dollar Round who wrote (12014)4/22/1998 7:15:00 PM
From: John F. Dowd  Read Replies (1) of 213177
 
Is there any truth to a story about Intuit not supporting Apple products in the future? In the 15 mins. allowed for editing found this over on the Intuit thread and answered my own question:
Bloomberg
April 20, 1998, 5:59 p.m. PT

Intuit to Quit Developing Quicken Program for Apple Macintosh

Mountain View, California, April 20 (Bloomberg) -- Intuit
Inc. said it will quit developing new versions of its flagship
personal-finance software program Quicken for Apple Computer
Inc.'s Macintosh computer, citing declining sales.

Intuit sent letters to its 365,000 Macintosh Quicken
registered customers on Friday notifying them that it will not
produce a new Macintosh version of the software this fall. Intuit
will continue to sell Quicken 98 for the Macintosh, and users
will be able to receive updates through the Internet, said Adam
Samuels, an Intuit spokesman.

Intuit's announcement highlights part of the problem facing
Apple, which has had trouble persuading software developers to
write new programs for its computer system. Software developers
have less incentive to write programs for the Macintosh computer
as Apple continues to lose market share, which is now less than
3 percent from 9.4 percent a few years ago.

''Our Quicken for Macintosh sales had declined,'' Samuels
said. ''If Apple were to return to the consumer business and
there was good growth in the consumer marketplace, we would
consider coming back.''

JFD
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