Intuit puts venerable Quicken up on the block<article>
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Intuit yesterday announced that it would sell its Quicken unit, the group that creates the personal finance software that made the company famous.</p><p>
The news -- and Intuit management's explanation for the sale -- illustrated the retreat of personal computer desktop software and the rise in cloud- and subscription-based services. It also distressed users, who wondered whether the banking and investment software would survive, and if not, how they would replace a program they've relied on for years, sometimes decades.</p><p>
On a conference call with Wall Street analysts Thursday, CEO Brad Smith said Intuit would focus on its small business and tax software, represented by <a target="new" href="
http://quickbooks.intuit.com/">QuickBooks[/url] and <a target="new" href="
https://turbotax.intuit.com/">TurboTax[/url], respectively -- both have strong cloud- and subscription-based businesses -- and is ditching <a target="new" href="
http://www.quicken.com/">Quicken[/url] because, as a strictly desktop product, it has neither.</p><p class="jumpTag"><a href="/article/2974462/mac-apps/intuit-puts-venerable-quicken-up-on-the-block.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Intuit puts venerable Quicken up on the block
