Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: kfs who wrote (1068)	2/18/1998 1:38:00 AM
From: kfs	Read Replies (2) \| Respond to of 1546

Tidbits I found interesting from a Wall Street Journal article found just now: Analysts attributed (Tuesday's) declines to profit-taking that came on the heels of exceptionally strong week for both stocks -- and for the tech sector in general. But they said there also may have been some disappointment among investors that the alliance wasn't stronger, given last week's rumors the AOL might purchase Intuit outright. Since the start of the month, shares of Intuit have jumped 28%. and Bill Harris, Intuit's executive vice president, wouldn't provide details of the revenue-sharing agreement, but said most of the early revenue will probably come from advertising until consumers feel more comfortable with buying insurance or taking out a mortgage on-line. and Over the past two years, she said, Intuit has put very sophisticated infrastructure in place to allow consumers to research and buy financial services on the Internet; now, she added, the company is moving into the "build traffic stage." Ms. Combes has a "buy" rating on Intuit and expects it to get as high as $60 in the next 12 months.