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

To: TLindt who wrote (1063)	2/17/1998 10:12:00 AM
From: Keith J	Read Replies (2) \| Respond to of 1546

Hey TLindt, With the AOL-INTU deal, where does that leave XCIT? Is this a positive or a negative? Does this possibly forebode a takeover of XCIT by AOL (AOL NetFind powered by XCIT, XCIT also has the Quicken channel, XCIT picked up MatchLogic)? I haven't been able to get a good feel yet as to what this deal means. INTU down, XCIT up, AOL about neutral so far today. KJ

To: TLindt who wrote (1063)	2/18/1998 1:01:00 AM
From: kfs	Read Replies (1) \| Respond to of 1546

Buy on the rumor, sell on the news. Now we know what's been driving the stock the past 2 weeks. So no big deal that it lost steam on the news today. Movement from here on out should be on the whisper numbers before earnings on the 24th. I bet its been a banner TurboTax quarter between the new tax laws and TT winning all the awards. (For the last two years TaxCut has plastered "#1 Rated" on their box on the strength of winning a single review: Money Magazine. This year, they lost even that review. What will TaxCut marketing do next year?) Two interesting things about the INTU/AOL deal, as described in the press release: AOL becomes "primary ISP shipped with Intuit products". That was Concentric Networks (CNCX). Do I smell a shorting opportunity here? Better get on over to their board and see what's up. Where is the revenue for Intuit? Intuit is providing content AND paying $30M to AOL. In return they get 11 million pairs of eyes and...what? Are those people going to order $30M+ worth of software from INTU? Or does INTU get to keep all add revenue on their pages within AOL? Or does INTU now jack up the rate it charges financial institutions to get listed with them?