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

To: Helios who wrote (1073)	2/25/1998 12:25:00 AM
From: TLindt	Respond to of 1546

Helios...barring future expectations....It's in my sight starting at below $45.

To: Helios who wrote (1073)	2/25/1998 1:37:00 AM
From: kfs	Read Replies (1) \| Respond to of 1546

they have some flexibility on how they recognize revenues Nail on the proverbial head. Note two items in press release available everywhere but posted to this thread by TLindt anyway: By the end of January,over 100,000 returns had been filed electronically by consumers and total tax revenue declined 6% due in part to deferred accounting recognition of electronic filing service revenue into next quarter 100,000 returns at $10 a pop = $1M pushed into next quarter. Since this is Intuit's big quarter, and next quarter is a yawner (due to seasonability), how much (other) revenue are they pushing off from this quarter to the next? Then the big question: are they doing this for an upside earnings surprise in an off quarter, or are they doing this to cover some expected coming shortfall?