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Intuit Will Offer Quicken for Mac

May 5, 1998

CUPERTINO, Calif. (AP) _ Intuit Inc. will continue to develop its Quicken software for Apple Computer Inc.’s Macintosh, the companies said Tuesday.

The move, which had been expected, reverses Intuit’s decision last month to stop making its popular personal financial program for the Mac.

That decision stunned Mac users, who saw it as a vote of no confidence in Apple. The Cupertino, Calif., company is making money again after two years of stubborn losses but is still trying to regrow its sales and keep software companies turning out Mac programs.

Intuit, based in Mountain View, Calif., said it changed its mind after being briefed on Apple’s consumer offerings and strategies.

``Now, having seen what Apple is planning for consumer products, we’re thrilled to announce renewed support for the Macintosh,″ said Mark Goines, head of Intuit’s consumer division.

The companies also said they would work together to promote the current version of Quicken and that Intuit would develop a new version for the Mac to go on sale next year.

Apple and Intuit will look for ways for Mac users to take advantage of Intuit’s Website.

Intuit’s decision to stop developing Quicken became a subject of contention at Apple’s recent shareholders’ meeting.

Co-founder and interim chief executive Steve Jobs told shareholders that Apple hadn’t been aggressive enough in telling Intuit about its plans. He assured them the companies were discussing the matter and predicted a reversal by Intuit.

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