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

To: Larry S. who wrote (1180)	5/18/1998 8:18:00 PM
From: Larry S.	Respond to of 1546

good article from cbs.marketwatch: Intuit shares poised to rise Quicken maker tops earnings views, buys rival By Brenon Daly, CBS MarketWatch Mon May 18 20:06:16 1998 Intuit shares may get a boost on Tuesday after the company said it earned 20 cents per share, a nickel better than analysts' expectations. In addition to announcing its fiscal third-quarter results, the maker of personal finance software (INTU) agreed to pay $400 million cash to acquire Lacerte, a Dallas-based maker of professional tax-preparation software. During a conference call, Intuit said the acquisition will be "highly accretive" to earnings but declined to be more specific. Sales increased 21 percent to $142 million, led by strong sales of Intuit's tax products. To follow up, Intuit will detail its outlook in a breakfast meeting with analysts on Thursday in New York. Shares slipped 7/8 to 45 ahead of the release.