Jonathan, look at the next to last line, Whoopie, not a bad deal to say "nice knowing you". Guess I wasn't too far off, what do you think Gates got for his 46 million?
John Microsoft Drops $2 Billion Deal To Buy Intuit By O. Casey Corr Facing a continued struggle with the Department of Justice, Microsoft yesterday said it had canceled its $2 billion purchase of Intuit, maker of Quicken personal-finance software. The announcement aborts the biggest deal in software history. Microsoft Chairman Bill Gates said his company could not face additional months of uncertainty in a fast-paced industry. "Progress toward realizing our goals could not wait until the government's lawsuit was resolved," he said. Anne Bingaman, head of Justice's antitrust division, called the decision "a victory for American consumers." Her division had filed a lawsuit seeking to block the deal. But Paine Webber analyst Michael Kwatinetz called it a victory for big banks. The tussle has been over the coming world of electronic commerce, where people will use personal computers to apply for loans, pay bills, shop for mortgages and buy advertised goods. Gates had hoped to jump-start electronic commerce by getting his hands on Intuit's dominating products - Quicken, an electronic check register, and TurboTax, a tax-preparation program - that would have acted as gateways to various new services. The Justice Department was concerned that Microsoft was already too powerful by virtue of its MS-DOS and Windows, which run on nearly all personal computers. Justice feared that Microsoft would dominate the new electronic-commerce market and thus squeeze consumers for higher fees. That power would be further enhanced by the launch in August of the Microsoft Network, an online service that has attracted NBC and others. Electronic commerce would be performed over the network. Analysts expect Microsoft next year to sell 50 million copies of Windows 95 - which will provide access to the Microsoft Network. Microsoft said yesterday that it would continue to vigorously pursue the electronic-commerce market by forming alliances and working with others to strengthen the security of "digital cash" systems. In that vein, Microsoft next fall will release the fourth version of Microsoft Money, the distant second to market leader Quicken, whose roughly 7 million users represent about 75 percent of the market for electronic checkbooks. Microsoft for years tried to dethrone Quicken by offering Money customers cut-rate deals, but last year decided it was smarter to simply buy Intuit and turn Money over to another software company, Novell. Yesterday's announcement also canceled the Novell deal, Microsoft said. Novell officials were not available for comment. Microsoft will once again back Microsoft Money in a big way. "We will invest the appropriate amount to pursue that activity. One could argue if that's $10 or $1 billion," said Mike Maples, executive vice president for products. Microsoft will pay Intuit $46.25 million to terminate its deal with the Menlo Park, Calif., company. Intuit Chief Executive Scott Cook said he was disappointed but that Intuit would continue to develop its own products and seek new alliances. On Jul 5, 2013, at 11:03 AM, Marta Edie <[email protected]> wrote: > Thanks for whAT I DO NOT UNDERSTAND. hope my friends ill know. > Marta > > On Jul 5, 2013, at 10:50 AM, Jonathan Fletcher wrote: > >> I hadn't heard that, but it wouldn't surprise me. The magnitude of the >> omission is glaring to me. I can't imagine why I never read about it >> anywhere. >> >> I would ask him if I ever met him, but I bet he would have some prepared >> excuse that would sound good. Then I would have to give him the benefit of >> the doubt and stop being mad at him. >> >> I think I'd rather hang on to my anger, though: there's got to be SOME >> reason why the Mac was marginalized for so long when it was clearly the >> superior product. I used to wonder why people were so ignorant every time I >> heard someone say, "the Mac is not a business computer." (And I heard that a >> lot!) >> >> It's easier to deal with if I have someone to blame it on. Bill Campbell >> serves a very useful purpose in that regard. >> >> ::-\ >> >> j. >> >> >> On Jul 5, 2013, at 10:28 AM, [email protected] >> wrote: >> >>> From: John Robinson <[email protected]> >>> Subject: Re: [MacGroup] An Old Mac >>> Date: July 5, 2013 9:11:59 AM EDT >>> To: Topics related to Apple and Macintosh computers >>> <[email protected]> >>> Reply-To: Topics related to Apple and Macintosh computers >>> <[email protected]> >>> >>> >>> Jonathan, >>> >>> Remember when Gates was going to buy Intuit? It was going to be over a >>> billion, then anti-trust got involved and for one reason or another the >>> deal fell through. I am 100% sure that Gates offered a sweetheart deal >>> under the table if Intuit would not create for the Mac. Of course I can't >>> prove it but I am sure there is a lockup period that would preclude Intuit >>> from doing any work on the Mac if the promise from Gates was to be >>> granted........ >>> >>> John >> >> >> -- >> Jonathan Fletcher >> FileMaker 9/10/11/12 Certified Developer >> >> Fletcher Data Consulting >> [email protected] >> http://www.fletcherdata.com >> 502-509-7137 >> >> Personal miscellany online at http://jfletch.posthaven.com >> >> Kentuckiana's FileMaker Developers Group >> Next meeting: FileMaker<=>QuickBooks >> Tuesday, July 23rd, noon to 3:30-ish >> http://www.kyfmp.com >> >> >> _______________________________________________ >> MacGroup mailing list >> [email protected] >> http://www.math.louisville.edu/mailman/listinfo/macgroup > > > _______________________________________________ > MacGroup mailing list > [email protected] > http://www.math.louisville.edu/mailman/listinfo/macgroup
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