since Aug., only BAKER MARI J
filed to sell 30,000. It is nothing compared with total
60 mil. Look at BAKER MARI J's selling history, he
seems have a lot to sell from time to time, he likes to
sell at Sept. and his decision was all wrong. for
instance, he sold 5000 shares on Sept 10, 98 for $40/each
and 10,000 shares on Sept. 23, 98, for $45/each.
BAKER MARI J slod from Sept 98 to March 99. INTU shoted
up like crazy from 40 Sept 10, 98 to 110 in April
So if history repeats, INTU will raise
2.5 times after BAKER MARI J's selling from this Sept
to next April.
I am very interested in getting Intuit soon, but
first I must ask a dumb question. The company press
release on Sept. 9th said "Stockholders of record on
September 20, 1999, will be entitled to two additional
shares of common stock for each share of the Company's
common stock held on that date," with payment being made
on September 30th. So... if I buy shares in the
interim between now and September 30th, am I still
assured of getting 2 additional shares? If so, when?
I'm new at this board,after reading several
getting the idea that this...is not that
different from the other boards.
INTUIT, though, looks
very attractive with 1 5 billion or more
eps and pe of 17 you certainly do not get this
on any of the internet stocks..yahoo
the only thing that i have of problem with is ...the
selling ..sure it is a sign of reaching the peak..i'll be
watching probably if circumstances are good i might get
tomorrow we will see....good luck to you all.
MSFT will not advertise this year's tax software,
and neither will Intuit, until the tax season begins
at the end of the year. Nobody sells tax software in
September. I don't care what business you are in, you've got
to worry when MSFT targets you. You may have heard
of a highflying company called Netscape
When I said Harris "took his eye off the ball", I was
referring to MSFT. I think most people understood my point.
I just think a CEO resigning unexpectedly after
barely a year at the helm pursuing an acquisition binge,
and then say the company was getting too big for him
to handle, should raise questions about the
Maybe I went a little overboard on some of the rhetoric
but the underlying point still stands. With all the
personal attacks directed toward me, I don't think I am
the one truly sweating this.
you shorted INTU at a worng time before.
Otherwise, you will not have such a hatred on INTU.
read all your most recent msg in this board. You tried
to use INTU's rivals to create a PAPER TIGER, use
some tricky words such as "which I expect", "Sound
like", etc. to create dark backgroud so that people can
not see your tiger is actually made of paper. In
Friday case, you might have been very happy because your
paper tiger did scare many cowards. But time will prove
you are real paper tiger.
franz45, you have
no idea what is really going on. For instance, in
msg 2142, you said "MSFT will be entering INTU's core
tax software business this winter in a big way. They
were supposed to go last year but decided not to until
they had a superior product". I am a software
engineer, I know how a company designs, implements, tests,
and markets software. The truth is, no company will
release a product untill a product becomes superior.
There are no way you can said which product is superior
untill market proves it. So all companies realse
software version by version. MSFT is typical. Plus if MSFT
will release "a superior product" this winter, MSFT
should have advertised its new product already.
franz45's statement is rediculous.
in regard to CEO's leaving, franz45 have many
reasons that were not reported. In msg 2142, you said
"The real reason Harris is leaving is because MSFT
will be entering INTU's core tax software business
this winter in a big way." In msg 2190, you disagreed
WSJ's report and said "You already know what I think
the real reason is. He was so busy blowing that hoard
of cash he took his eye off the ball." What is the
real reason? You have no idea!
Why are you so
desparate? If you are not shorter this time, you must have
been broken because you shorted INTU before. Am I
franz45, I'm with you all the way here. I fully
agree with you about corporate spin, and the
"resignation" of Harris plus this qtr's earnings situation
definitely put Intuit "at a critical juncture". It's your
"INTU is sunk" and INTU dropping to 15 talk that I take
exception to. If this situation isn't handled well there
could be problems, but I think Intuit has proven that
it has great management. Can we agree to disagree?
One should always be skeptical of any press
release made by a company particularly on a sensitive
issue like this. Most news organizations these days
mindlessly reprint whatever the company hands them. That's
why I put more credence in an outfit like the Wall
St. Journal that digs deeper and gets to the root of
a story often earlier than anyone else.
took what they said along with my other research to
come to the conclusions I've presented. It's certainly
not what the company wants to spin at you, but if you
work for any public company these days, you should
know the PR machines certainly shade the truth to
present any event, no matter how shocking, in the most
favorable light. Fortunately, as we saw on Friday, the
market often sees through the spin. Anyway, here are a
couple of quotes from the WSJ article that went beyond
the press release:
"Intuit is at a critical
juncture as it attempts to shift its core software
business onto the Web while facing intense competition
from a range of finance sites that have sprung up all
over the Internet. People close to the company said
Mr. Harris and some top managers had differed on the
direction for Intuit, with Mr. Harris favoring a more
aggressive strategy to acquire small companies, resulting in
some tension at the top of the company."
"Our business is highly seasonal. Sales of tax
products are heavily concentrated from November through
March. Sales of consumer finance and small business
products are typically strongest during the year-end
holiday buying season, and therefore our major product
launches usually occur in the fall to take advantage of
this customer buying pattern. These seasonal patterns
mean that revenue is usually strongest during the
quarters ending January 31 and April 30. We experience
lower revenues for the quarters ending July 31 and
October 31, while our operating expenses to develop and
manage products and services continue to be incurred
during these periods. These seasonal trends can result
in significant operating losses, particularly in the
July 31 and October 31 quarters when our revenues are
lower. The seasonality of our revenue patterns has been
further intensified by our June 1998 acquisition of
Lacerte, a professional tax software company. Operating
results can also fluctuate for other reasons, such as
changes in product release dates, non-recurring events
such as acquisitions and dispositions, and product
price cuts in quarters that have relatively high fixed
expenses. Acquisitions and dispositions in particular can
have a significant impact on the comparability of both
our quarterly and yearly results."
I am also
trying to verify the reason for the earnings drop...