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Technology Stocks : Intuit -- What's Its Future? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (835)	12/13/1997 11:52:00 PM
From: Mike Farrar	Read Replies (2) \| Respond to of 1546

INTU CASH PER SHARE DOWNWARD REVISION Read the just posted 10-K and you will see that INTU has $ 171,000,000 in cash as of 10-31-97. The share float is 34,000,000. That equals $ 5.03 dollars a share in cash, not the $10.00 a share that Barron's magazine quoted last week. Also a very important thing to remember is that currently only 5% of current income is derived from internet revenues and the LATE introduction of Quick Books is going to eat a big fat hole into that bank account real quick. Watch out next week for big trouble in the ASIAN markets. The OCT. market decline was mainly due to their turmoil. Consequently, the US markets rise back to this level was not justified. MU and MUEI post earnings after the market closes on Monday. If one or both of these companies miss their lowered earnings estimates, it could be extremely bad for the tech. sector. The current support level for the DOW is 7828. The market closed Friday at 7838. If the market closes Monday or Tuesday below this level, most major brokerage firms will initiate strong sell programs. Also on Tuesday Japans ruling party will announce their economic bailout program. If this program is not received well by Japan and the rest of the world, look for a huge drop in the markets on Wednesday. Also the South Korean and Indonesian problems are not helping anybody's views of stablity in that region. Good luck to all investors. Jeff