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

To: TLindt who wrote (1148)	4/18/1998 10:05:00 AM
From: yard_man	Respond to of 1546

Yes and it was created by human ingenuity ... GIGO and all that too ...

To: TLindt who wrote (1148)	5/16/1998 11:27:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 1546

I know I'm not the only one who saw the 3 point slip on friday. This might provide some answers. Although I question the validity of it, judge for yourselves. Might see those 30s again. **** Intuit sued again over Year 2000 readiness in Quicken** May 15, 1998 -------------------------------------------------------------------------------- SAN FRANCISCO (Reuters) - Reuters [BR] via NewsEdge Corporation : Intuit Inc. was slapped with a second lawsuit Thursday accusing it of selling versions of its widely used Quicken personal finance software that allegedly cannot process dates after Dec. 31, 1999. The complaint, filed in a New York state court, alleges Intuit ''certainly should have known (that its Quicken software) would be rendered obsolete well before the end of its useful life.'' The lawsuit, which seeks class-action status, was filed on behalf of all purchasers of Quicken Releases 5 and 6 and seeks damages and injunctive relief to compel Intuit to rectify the problems without charge. According to the complaint, Intuit has admitted the online banking functions contained in Quicken versions 5 and 6, sold as recently as last October, are incapable of handling transactions with Year 2000 dates. The complaint also alleged Intuit has not offered free software to correct the defect. ''Consumers, who have become accustomed to using Quicken, will have to spend a minimum of $35 to purchase Quicken 98 -- the only version of Quicken that is fully Year 2000 compliant,'' said Jeffrey Klafter, a partner with Bernstein Litowitz Berger & Grossmann LLP, the New York law firm that filed the lawsuit. Intuit, based in Mountain View, Calif., said in a statement that it has not yet had an opportunity to see the complaint. But based on a news release issued this morning by plaintiff's counsel, Intuit believes the lawsuit is completely without merit and will defend itself vigorously. Intuit said a similar lawsuit was filed against it on April 29 in Superior Court in Santa Clara, Calif. The software maker said it has a strong and long-standing commitment to meeting the needs of its customers, including Year 2000 readiness. Preparing computers for the Year 2000 is a significant issue not only for Intuit, but also for all technology companies and for business in general. The Year 2000 concern is a widespread problem that is expected to hit computers after Dec. 31, 1999, because programmers for years have only given two spaces for a year and many systems will read ''00'' as if it were 1900. REUTERS@ [Copyright 1998, Reuters]