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Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (179)	5/16/2002 10:53:15 AM
From: SusieQ1065	Read Replies (1) \| Respond to of 238

Jim Seymour Intuit: Good, But Maybe Not What It Seems 5/16/02 08:59 AM ET Intuit investors should be wary of too much whoopin' and hollerin' over the company's Wednesday report of a Q3 $0.75 pro forma EPS, compared to the year-ago quarter's gain of just $0.55 EPS. Part of this is a comp phenomenon -- the year-ago quarter was battered by big acquisition costs -- and part is simply that Intuit's Q3, ended April 30, is always a big one for the company, because so much revenue flows in during the quarter from sales of Intuit's personal 1040 tax-prep software. Come April 16, that business plummets for another year. Q3 revs were also juiced by a new release of the company's immensely popular small-business accounting software, QuickBooks. Buried in the earnings release was the bad news that revs from both Intuit's payroll software and its Quicken personal financial management software were down, as was its Asian business. Quicken's days as king of the hill in its market are pretty clearly past, with the substantial annual improvements in Microsoft's comparable Money package. The two compete head-to-head, and Intuit's Quicken simply does not own that market any longer, as it once did.