This is a reason that I bowed out of my holdings two weeks ago. I have a feeling that you are correct. Intuit as much as said that a while back, that their revenues would be delayed a quarter for Turbo Tax because of the Internet play. I'm thinking that this upcoming announcement for the quarter will be shy of the mark. If it is we will see INTU at $24, and I will be buying Options instead of stock for the next quarter.
I hope that I am wrong, for the sake of J_Smales, Volareus, paulohl and the rest of the contributors to this board. I'm not leaving out my comrade tom_richards_mm. He just doesn't own any stock as yet.
I remember somewhere along my readings that analysts were concerned that Turbo Tax wasn't selling as briskly as they had seen in the past, and that it appeared that the stores were not stocking as early as previous tax seasons. That leads me to believe that the sales were late getting started for the new tax year. I also remember INTUIT saying that they were going to delay revenue by a quarter for Turbo Tax sales. The net may have activity/focus may have been the cause for the delays in Turbo and in the delay of revenues.
I'm not going to advise you to bail my friend, but do a little research on your own. Don't trust my brain solely.
I trust that it's sunny in the neighborhood today!