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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (4288)	11/24/1998 4:59:00 PM
From: stephen wall	Respond to of 10081

Mark, Yeah, I added today, too. Here is something from INTU from February of this year that might be of interest to you. I think implicit in all this too, is the burgeoning SOHO business, where Portico would seem a great fit. intuit.com America Online And Intuit Announce Major Multi-Million Dollar Content And Commerce Agreement Intuit To Be Primary Source of Original Financial Programming For AOL.COM's Personal Finance Web Channel; Agreement Also Includes Tax, Insurance and Mortgage Programming for the Personal Finance and WorkPlace Channels on the AOL Service Dulles, VA and MOUNTAIN VIEW, CALIF - February 17, 1998 -- America Online, Inc. [NYSE: AOL], the world's leading Internet online service, and Intuit Inc. (NASDAQ: INTU), the world leader in financial software and Web-based services, today announced a new alliance that will make Intuit the primary source of original programming for the Personal Finance Web Channel on AOL.COM, the most visited consumer site in cyberspace. The exclusive agreement for AOL.COM marks the first time that one party will provide AOL with almost all of the content for a major programming category. Intuit will offer much of the popular financial content found on its popular Website, Quicken.com, on the Personal Finance Web Channel on AOL.COM, allowing AOL.COM to offer both AOL and Web users easy and convenient access to the comprehensive financial tools, content and programming found at Quicken.com. Under the agreement, Intuit will also be a major anchor tenant in the Personal Finance and WorkPlace Channels, making it the primary source of financial programming on the Tax, Insurance and upcoming Mortgage areas of those Channels on the AOL service. As a result, AOL's more than 11 million members will have easy access to the popular financial resources, expert advice and interactive tools found at Quicken.com. In addition, AOL will become the primary online service provider promoted on all Intuit software. Over the three-year term of the agreement Intuit guarantees payments to AOL totaling $30 million, with approximately $16 million paid upon signing. AOL will also be eligible for a share of revenues generated through the Intuit offerings once certain revenue thresholds specified in the agreement have been met. This relationship reinforces AOL's commitment to providing both AOL and AOL.COM users access to first-rate financial information and products, in a simple, easy to use format. Now, AOL members will be able to enjoy the best of Quicken.com's content and services through the popular Personal Finance and WorkPlace Channels, and AOL.COM users will have access to comprehensive, convenient financial programming.