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

To: Steve Liaw who wrote (1161)	4/25/1998 3:25:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 1546

STeve, my statement that INTU is breaking out is primarily a technical one. A look at the chart shows the stock respecting the 50 DMA since December 97, most recently testing support at 48 1/2 on Thursday. The stock is showing higher highs and higher lows. It is just a beautiful chart. STochastics are neutral, and appear to be reversing again, heading upward along with the stock. The stock also tested the lower daily bollinger band on Friday, and bounced off of it nicely at 47. I think the stock will retest its highs of 54 - 55 early next week, and proceed upward from there. There is also a fair amount of FA (Fundamental Analysis) is my statement. Quicken, Quickbooks, and Turbotax are all leaders in their fields. I used Turbo-Tax on line to do a tax return in early April and was very pleased with the way it operated. But the primary reason is Intuit's position on the net and the way internet stocks have exploded. INTU has great net presence, it's sites are very heavily trafficed. Given the explosive moves some net-related stocks have made, INTU seems like a screaming bargain. After all, they have product, revenues, and income. I bot INTU about two weeks ago at 48 3/4, sold it for 54 3/4. Repurchased the stock on Thursday at 48 3/4, and probably foolishly sold it on Friday at 51 1/4 when it seemed the market was going to tank and i wanted to lock in some gains. Almost bot it back yesterday at higher price. THis is my trading stock. I have shares in my IRA that i am just holding. My target for the stock is 80-100 this year. Larry

To: Steve Liaw who wrote (1161)	4/28/1998 12:00:00 PM
From: AugustWest	Respond to of 1546

Intuit Closes in on Nationwide loan Brokerage April 28, 1998 -------------------------------------------------------------------------------- CFO Alert via NewsEdge Corporation : Fears of MicroSoft directly entering into the banking business may have subsided, but its software rival Intuit is likely to be competing with banks soon on the mortgage loan front. The software company has applied for a mortgage broker's license in all 50 states and full approval is expected shortly, mortgage technology sources said. Alison Berkley, an Intuit spokesperson, said brokerage will be offered through Intuit's QuickenMortgage. Part of Intuit's line of Quicken on-line banking products, QuickenMortgage allows borrowers to get information about mortgage lenders, products, rates and prequalification on the Internet. Quicken also includes programs for stocks, retirement planning and wills. A source familiar with Intuit's plans said the company was looking to be involved in the mortgage business beyond prequalifications and referrals because of profit concerns. "Just doing referrals won't make the bottom line work. You get a lot of volume but not a lot of profit," the source said. QuickenMortgage initially prequalified borrowers on behalf of lenders that included HomeSide, Countrywide, PNC and others. "Now we're taking applications and performing the services of a broker, " Berkley said. Berkley said QuickenMortgage will electronically advise customers during different stages of the lending process, including credit counseling. "If the loan closes, Intuit will be compensated as a broker," Berkley said, adding the consumer will get a $250 rebate if the loan closes. Berkley also said electronic brokerage will save money for both lenders and consumers by eliminating some of the costs that traditional bank brokers charge. Intuit has contracted with Cyberhomes, an on-line listing of more than 600,000 homes nationwide, and plans to expand its QuickenMortgage line even further in the future, eventually offering on-line appraisals, title and insurance products. Berkley said 20,000 consumers visit QuickenMortgage daily, and several thousand prequalifications are completed each month. -- John Adams [Copyright 1998, American Banker]