BLK1NWS1;VoNod$D d  d  $d66d66$666D666dTTd T!T$"T#T$TD%T&T'Td(k)kd*k+k$,k-k.kD/k0k1kd23d45$678D9:;d<=d>?$@ABDTUVDWXYdZ[d\]$^D_`aDbcdde%f%dg%h%$i%j%k%Dl%m%n%doNp$qrdstduvwDxyz${|d}~d*$*$' *$ d-$-$ D-$ -$+9$9$d@$3M$ $M$Q$ dQ$Q$ T$#dT$06[$ D\$ 6\$6k$9*$' *$ d-$+M$ $M$[$ [$ Dk$9k$:l$dl$dl$0l$:$l$l$ $ 3Q$3Q$ 3T$#d3T$063T$46d3T$663T$76$3U$63U$63V$ 6D3\$ 63\$63l$6d3l$,T3XI3wOF .@Harley-Davidson Declares 4c Regular Quarterly Dividend Pay June 5, rec. May 24. *$' Harley-Davidson Declares 4c Regular Quarterly DividendU*$ Harley-davidson, Inc. Declares Dividend And Announces Results Of...ual L-$+=Custom Chrome Up 5%; Co. Was At Prudential Conferencez M$ Harley-Davidson extends its use of I-DEAS Master Series software M$Structural Dynamics Sells Software To Harley-Davidson[$ Baird Raises Harley-Davidson To Accumulate From Hold4[$ Harley-Davidson -2-: Baird's '95 Net View $1.50/Sharek$9Harley-davidson, Inc. Announces Second Quarter Sales/earnings; Daily...'k$:Harley-davidson, Inc. Announces Second Quarter Sales/earnings; Daily... l$ Harley-Davidson 2Q Net 45c A Shr Vs 46c On 6c Tax Benefit9 Harley-davidson, Inc. Declares Dividend And Announces Results Of Annual Shareholder Meeting MILWAUKEE -- Harley-Davidson, Inc. (NYSE: HDI) announced that its Board of Directors declared a cash dividend of $0.04 per share, payable June 5, 1995, to shareholders of record May 24, 1995. The company currently has 74.5 million shares of common stock outstanding. The declaration was announced at the company's May 6 Annual Meeting of Shareholders. At the annual meeting, it was also announced that all items to be voted upon by shareholders were approved: The re-election of Barry K. Allen (president and chief executive officer of Marquette Electronics, Milwaukee, Wis.) and Richard G. LeFauve (group executive, NAO Small Car Group of General Motors Corp. and president of Saturn Corporation, Detroit, Mich.) as members of the company's Board of Directors, with terms expiring at the company's 1998 annual meeting; Adoption of the company's 1995 Stock Option Plan; An amendment to the company's Restated Articles of Incorporation to increase the total number of authorized shares of common stock from 100 million to 200 million; and Ratification of Ernst & Young as the company's independent auditors for calendar year 1995. /CONTACT: Financial Community: Jim Ziemer, 414-935-4750, or Media: Ken Schmidt, 414-935-4538, both of Harley-Davidson/ =Custom Chrome Up 5%; Co. Was At Prudential Conference By Dwight Oestricher Dow Jones Staff Reporter NEW YORK -- Custom Chrome Inc. (CSTM) shares' 5% rise in active trading might have been in sympathy with Harley-Davidson Inc. (HDI) or a reaction to company officials spreading the gospel. Chief Financial Officer James J. Kelly Jr. said he and other officials were at a Prudential Securities Inc. small-capital-stock conference here yesterday telling the company's story. "That might have gained us some attention" with investors that was previously lacking, Kelly said. He said that trip came on the heels of other recent investor-relations meetings, adding that no previously undisclosed news about Custom Chrome was released. Kelly also noted that the stock is thinly traded so any added attention might influence the stock price. Yesterday, Custom Chrome was up 3/4, or 3.6%, at 21 3/8. The Morgan Hill, Calif., company is the largest independent supplier of after-market parts and accessories for Harley-Davidson, whose stock rose 6.2% yesterday. Cleary Gull analyst Timothy P. Reiland noted that Custom Chrome's stock moves in sympathy with the motorcycle maker's. He said that both companies are approaching "the peak of motorcycle-riding season." Reiland said Custom Chrome ran into some pricing pressure problems last year that "have worked their way out of the market." Reiland, who has a "buy" rating on the stock, said he has earnings estimates of $1.50 a share for fiscal 1996 and $1.75 to $1.80 for fiscal 1997. The company reported net income of $1.27 in the year ended Jan. 31. Custom Chrome was up 1, or 4.7%, at 22 3/8 on Nasdaq volume of 213,700 shares, compared with average daily volume of 32,100. After rising yesterday, Harley Davidson shares were off 1/4, or 1%, at 25 1/4 on volue of 644,400, compared with average daily volume of 474,200. Harley-Davidson extends its use of I-DEAS Master Series software MILFORD, Ohio--Structural Dynamics Research Corporation (Nasdaq: SDRC) announced today that Harley-Davidson, Inc. extended its use of I-DEAS Master Series(TM) software for the development of its motorcycle products. The value of the additional order is worth approximately $190,000. SDRC recognized the revenue in the second quarter of 1995. As a leading manufacturer of state-of-the-art motorcycles, Harley-Davidson will use the technology to continue to improve their products. According to Raymond Fossman, manager of Harley-Davidson's applied mechanics group, "We are continually challenged by strict noise standards. We are using I-DEAS Master Series to help us simulate acoustic and vibrational performance of various motorcycle components and evaluate different strategies for making them quieter." The use of I-DEAS(TM) is helping Harley-Davidson maintain its lead in the fiercely competitive motorcycle industry. The company also uses I-DEAS for other projects, such as frame design and studies of the power train. The technology also helps Harley-Davidson to continue linking analysis with design processes. Martin Neads, SDRC's senior vice-president and general manager, adds, "Vehicle noise regulations continue to get tougher for motorcycle manufacturers. We are pleased that Harley-Davidson has extended its use of I-DEAS to address strict noise standards. This addition to its I-DEAS implementation demonstrates Harley-Davidson's commitment to product quality and reduced production cycles." SDRC is a leading international supplier of mechanical design automation software, product data management software, and implementation services. The Company's products and services help manufacturers optimize product concepts early in the design process, enabling them to significantly improve product quality while reducing product development time and cost. SDRC employs more than 1,000 people and has 61 offices in 15 countries throughout North America, Europe, and the Asia/Pacific region. Note to Editors: SDRC is a registered trademark, and I-DEAS and I-DEAS Master Series are trademarks of Structural Dynamics Research Corporation. All other trademarks or registered trademarks are the property of their respective holders. CONTACT: SDRC, Milford Laura Carrabine, 513/576-2985 Structural Dynamics Sells Software To Harley-Davidson MILFORD, Ohio -- Structural Dynamics Research Corp. (SDRC) received an added $190,000 order from Harley-Davidson Inc. (HDI), which extended its use of Structural Dynamics' I-DEAS Master Series software to develop its motorcycle products. In a press release, Stuctural Dynamics said it will recognize the added revenue in the current 1995 second quarter. Baird Raises Harley-Davidson To Accumulate From HoldHarley-Davidson -2-: Baird's '95 Net View $1.50/Share NEW YORK -- Baird & Co. raised Harley-Davidson Inc. (HDI) to "accumulate" from "hold." In a research note, Baird said the motorcycle business "remains sold-out, with significant waiting periods for new bikes, and the opportunites for growth internationally remained largely unexploited." The Milwaukee company produces heavyweight motorcycles and a complete line of motorcycle parts and accesories. Baird estimated Harley-Davidson will earn $1.50 a share for 1995 and $1.80 for 1996. Harley-Davidson earned $1.37 a share in 1994. Shares of the NYSE-listed Harley-Davidson were recently down 3/8, or 1.6%, at 23 5/8 on volume of 325,000, compared with averaged daily volume of 382,700. Harley-davidson, Inc. Announces Second Quarter Sales/earnings; Daily Motorcycle Production Schedule Increased MILWAUKEE -- Harley-Davidson, Inc. (NYSE: HDI) today announced sales and earnings for its second quarter and first half ended June 25, 1995. Sales improvement was driven by both company segments, Motorcycles and Related Products (Harley-Davidson Motor Company), which surpassed its daily motorcycle unit production schedule for the quarter, and Transportation Vehicles (Holiday Rambler). 1995 Second Quarter Results For the second quarter, consolidated net sales totaled $486.5 million, an $85.1 million or 21.2 percent increase over the year-ago quarter. Net income and earnings per share totaled $33.4 million and $.45 on 74.8 million shares outstanding. Excluding a one-time tax benefit of $4.6 million ($.06 per share) related to the legal reorganization and recapitalization of the Transportation Vehicles segment, second quarter 1994 net income and earnings per share totaled $30.0 million and $.40 on 76.2 million shares. All 1994 share and per- share data have been restated to reflect the company's September 1994 two-for-one common stock split. Compared to the year-ago quarter: Motorcycles segment sales totaled $355.6 million, a $58.7 million or 19.8 percent increase and operating profit totaled $54.3 million, a $7.2 million or 15.2 percent increase; Transportation Vehicles sales totaled $130.9 million, a $26.4 million or 25.2 percent increase and operating profit totaled $1.0 million, down $3.7 million from the year-ago quarter. Revenue improvement in the motorcycles segment was driven largely by motorcycle production and shipment increases as well as increases in the Parts and Accessories business. Second quarter motorcycle shipments totaled 28,167, an increase of 3,161 units or 12.6 percent over the year-ago quarter. "The increase in shipments results from better than expected average daily production rates for the second quarter," said Richard F. Teerlink, president and chief executive officer, Harley- Davidson, Inc. "While we had planned to produce at least 420 units per day throughout the quarter, we in fact averaged 430 units per day, which enabled us to complete 1995 model year production before our normal July shutdown. We also benefited from improved timing on our export shipments, which allowed us to reduce in-transit inventory by approximately 1,000 units by the end of the quarter." "With the increases in daily production, we're now planning to produce at least 430 units per day for the balance of the year and to attain 1995 shipments of at least 103,000 units, which should be welcome news to our worldwide dealer network and customers," he said. The Motorcycles segment's Parts and Accessories business posted second quarter sales of $75.1 million, up $10.8 million or 16.7 percent over the year-ago quarter. "Although 16.7 percent is an impressive rate of growth, it is lower that what we've experienced on a quarterly basis over the last year," Teerlink said. "We believe the second quarter is a better indication of long term Parts and Accessories growth potential than the unusually high quarterly levels of the past year." "Second quarter Motorcycles segment operating margins of 15.3 percent were lower than the year-ago quarter's 15.9 percent," Teerlink said, "primarily due to the mix of motorcycle shipments, which included a higher percentage of entry level Sportsters, as well as touring models. In addition, expenses were slightly higher in the areas of engineering, international operations and manufacturing, which we consider to be investments in the future." In discussing the worldwide motorcycle market, Teerlink said demand for Harley-Davidson motorcycles continues to outweigh supply in virtually all markets in which the company competes. The most current data (through April) show Harley-Davidson with a 57.2 percent share of the U.S. heavyweight (751cc+) market, versus 59.8 percent in the year- ago quarter, reflecting the company's capacity constraints in a growing market. "The U.S. heavyweight market is up 13.0 percent through April and is continuing to grow faster than we are, which we view as a positive growth indicator." Switching to the Transportation Vehicles segment, Teerlink noted that the revenue increases were attributable to improvement in both Holiday Rambler's Recreational Vehicles and Commercial Vehicles (Utilimaster) divisions. Compared to the year-ago quarter, Recreational Vehicles sales totaled $92.6 million, up $14.4 million or 18.3 percent and Commercial Vehicles sales totaled $38.3 million, up $12.0 million or 45.8 percent. "Utilimaster had another outstanding quarter and posted record quarterly sales," Teerlink said. "We will continue to benefit from a $35 million contract from Federal Express Corporation, which started in April and will be completed by year-end." The Recreational Vehicles division, Teerlink said, "is outperforming the recreational vehicle industry in a difficult year." Industry-wide, Class A motorhome registrations are down 6.2 percent through April, while towables are down 1.1 percent. "Through April, Holiday Rambler's Class A unit retail sales are up 4.0 percent and market share is 5.5 percent, versus a 4.9 percent share in the year-ago period. Holiday Rambler's towable unit sales are up 13.0 percent and market share is 2.5 percent, versus a 2.2 percent share a year ago." Additionally, Teerlink said that factory recreational vehicle inventories are at all time low levels and field inventories are close to the desired levels, given soft market conditions. Second quarter Transportation Vehicles segment operating margins were significantly impacted by a $2.9 million investment in retail promotional programs," he said, "as well as over $1 million in operating inefficiencies caused by previously announced production cutbacks." First Half Results For the first half of 1995, consolidated net sales totaled $876.2 million, a $131.1 million or 17.6 percent increase over the comparable year-ago period. Net income and earnings per share for the first half of 1995 totaled $57.0 million and $.76 on 75.4 million shares outstanding, versus $50.8 million and $.67 on 76.1 million shares for the first half of 1994, excluding the one-time tax benefit related to the legal reorganization of the Transportation Vehicles segment. The net sales improvement in the first half is attributable to both the Motorcycles and Transportation Vehicles segments. The Motorcycles segment reported first half sales of $650.5 million, a $95.0 million or 17.1 percent increase over the year-ago period and the Transportation Vehicles segment reported sales of $225.7 million, a $36.1 million or 19.0 percent increase. Harley-Davidson Motor Company, the only major American-based motorcycle manufacturer, produces heavyweight motorcycles and a complete line of motorcycle parts and accessories. Holiday Rambler LLC is a leading manufacturer of premium recreational vehicles, specialized commercial vehicles and related products. HARLEY-DAVIDSON, INC. Condensed Consolidated Statements of Income (In millions, except per share amounts) Three Months Ended Six Months Ended June 25, June 26, June 25, June 26, 1995 1994 1995 1994 Net sales $486.5 $401.4 $876.2 $745.1 Operating income 53.7 48.7 92.7 81.8 Interest expense (1.0) (.1) (1.4) (.4) Other income/(expense) .2 .6 (.9) 2.0 Income from operations before provision for taxes 52.9 49.2 90.4 83.4 Provision for income taxes 19.5 14.6 33.4 28.0 Net income $ 33.4 $ 34.6 $ 57.0 $ 55.4 Earnings per share assuming no dilution .45 .46 .76 .73 Shares outstanding, assuming no dilution 74.8 76.2 75.4 76.1 Share and per share data restated to reflect Sept. 12, 1994 two-for- one common stock split. Segment Data Three Months Ended Six Months Ended June 25, June 26, June 25, June 26, 1995 1994 1995 1994 UNITS Motorcycle shipments: United States 19,085 17,229 35,945 33,173 Export 9,082 7,777 15,873 14,889 Total 28,167 25,006 51,818 48,062 REVENUE (Millions) Motorcycles & Related Products $355.6 $296.9 $650.5 $555.5 Transportation Vehicles 130.9 104.5 225.7 189.6 Total $486.5 $401.4 $876.2 $745.1 OPERATING INCOME (Millions) Motorcycles and Related Products $54.3 $47.1 $94.8 $82.1 Transportation Vehicles 1.0 4.7 1.3 4.9 Corporate expenses (1.6) (3.1) (3.4) (5.2) Total $53.7 $48.7 $92.7 $81.8 HARLEY-DAVIDSON, INC. Condensed Consolidated Balance Sheets (in millions) June 25, Dec. 31, June 26, 1995 1994 1994 (unaudited) (unaudited) Assets Current assets: Cash and cash equivalents $ 43.7 $ 59.3 $ 97.8 Accounts receivable 189.1 143.4 143.6 Inventories 156.4 173.4 141.6 Other current assets 31.2 29.5 27.9 Total current assets 420.4 405.6 410.9 Other long-term assets 355.2 333.6 265.5 Total assets $775.6 $739.2 $676.4 Liabilities and stockholders' equity Current liabilities: Harley-davidson, Inc. Announces Second Quarter Sales/earnings; Daily Motorcycle Production Schedule Increased -2- Notes payable and current maturities $ 30.8 $18.3 $ 25.6 Other current liabilities 200.8 198.0 197.2 Total current liabilities 231.6 216.3 222.8 Other long-term liabilities 34.6 29.4 15.3 Postretirement health care benefits 62.0 60.3 57.7 Total stockholders' equity 447.4 433.2 380.6 Total liabilities and stockholders' equity $775.6 $739.2 $676.4 /CONTACT: Jim Ziemer, 414-935-4750, or Ken Schmidt, 414-935-4538, both for Harley-Davidson. Harley-Davidson 2Q Net 45c A Shr Vs 46c On 6c Tax BenefitHarley-Davidson 2Q Net $33.4 Mln Vs $34.6M On $4.6M Benefit6 l$ Harley-Davidson 2Q Net $33.4 Mln Vs $34.6M On $4.6M Benefit; l$ Harley-Davidson 2Q Sales $486.5M Vs $401.4M+ l$0 Harley-Davidson Earnings -2-: 2Q Financial Table! l$: Harley-Davidson Earnings -3-: 6-Months Financial Table"l$ Harley-Davidson -4:Motorcycle Segment Sales Up 19.8% In 2Q#l$ Earnings Surprise Summary: 8:00 A.M. - 12:00 P.M.t %^ l$=Catalog Cos. 2Q -2: 'Strong' Qtr Seen For Computer Marketers(3Q$ =Microsoft, Intuit -2: Merger Proposal Now In The Past *3Q$  =Microsoft, Probe -4-: Lawyer Says He Is PessimisticR,3T$#TECHNOLOGY: History Of Home Technology Littered With Flopsm .Harley-Davidson 2Q Sales $486.5M Vs $401.4MHarley-Davidson Earnings -2-: 2Q Financial Table Harley-Davidson Inc. 2nd Quar June 25: 1995 1994 Sales $486,500,000 $401,400,000 Net income 33,400,000 a 34,600,000 Avg shrs 74,800,000 76,200,000 Shr earns Net income .45 a .46 All 1994 share and per-share data have been restated to reflect the company's September 1994 two-for-one common stock split. a. Includes a one-time tax benefit of $4.6 million, or six cents a share, related to the legal reorganization and recapitalization of the transportation vehicles segment. Harley-Davidson Earnings -3-: 6-Months Financial Table Harley-Davidson Inc. 6 Months June 25: 1995 1994 Sales $876,200,000 $745,100,000 Net income 57,000,000 a 55,400,000 Avg shrs 75,400,000 76,100,000 Shr earns Net income .76 a .73 All 1994 share and per-share data have been restated to reflect the company's September 1994 two-for-one common stock split. a. Includes a one-time tax benefit of $4.6 million, or six cents a share, related to the legal reorganization and recapitalization of the transportation vehicles segment. $Harley-Davidson -4:Motorcycle Segment Sales Up 19.8% In 2Q Harley-Davidson Inc. (HDI) said sales improvement in the second quarter and six months was driven by both company segments, motorcycles and related products, which surpassed its daily motorcycle unit production schedule for the quarter, and transportation vehicles. Motorcycles segment sales totaled $355.6 million, a $58.7 million, or 19.8% increase from a year earlier, and operating profit totaled $54.3 million, a $7.2 million or 15.2% increase from a year ago. Transportation vehicles sales totaled $130.9 million in the second quarter, a $26.4 million, or 25.2% increase, from a year ago. Operating profit totaled $1.0 million, down $3.7 million from the year-ago quarter, Harley-Davidson said. Revenue improvement in the motorcycles segment was driven largely by motorcycle production and shipment increases as well as increases in the parts and accessories business. Second-quarter motorcycle shipments totaled 28,167, an increase of 3,161 units, or 12.6%, from the year-ago quarter. The company said it had planned to produce at least 420 units a day throughout the quarter, but averaged 430 units a day, "which enabled us to complete 1995 model year production before our normal July shutdown." Harley-Davidson said with the increases in daily production, it is now planning to produce at least 430 units a day for the balance of the year and to attain 1995 shipments of at least 103,000 units. &Earnings Surprise Summary: 8:00 A.M. - 12:00 P.M. Upside Surprises Companies whose quarterly net income (or loss) was better than the mean estimate provided by First Call: Net Or First Call (Loss) Mean Estimate 1st Commerce FCOM 2Q 73c 67c Appld Extr Tech AETC 3Q 48c 44c Atmel Corp ATML 2Q 51c 47c Bank New York BK 2Q $1.09 $1.07 Checkpoint Sys CKP 2Q 25c 20c Compass Bcshs CBSS 2Q 72c 71c Cullen Frost CFBI 2Q 99c 97c DeKalb Gen B SEEDB 3Q 68c* 52c Green Tree GNT 2Q 88c 83c Hilton Hotels HLT 2Q $1.09 98c King World Prd KWP 3Q 78c 75c MGIC Invest MTG 2Q 84c 81c Madge MADGF 2Q 26c 25c Morgan (J P) JPM 2Q $1.56 $1.46 Orhtlogic OLGC 2Q (8c) (13c) Rowan C'os RDC 2Q (4c) (6c) Truck Components TRCK 2Q 58c 49c Wachovia Corp WB 2Q 95c 84c Willamette Inds WMTT 2Q $2.44 $2.16 Downside Surprises Companies whose quarterly net income didn't meet the First Call mean estimate or companies that reported an unexpected loss or a greater-than-expected loss: Net Or First Call (Loss) Mean Estimate Crown Crafts CRW 1Q 5c 17c Heart Tech HRTT 2Q 12c 13c Louisiana Pac LPX 2Q 40c 46c Potlatch Corp PCH 2Q 81c 85c Walbro Corp WALB 2Q 45c 48c On-Target Earnings Companies whose quarterly net income matched the First Call mean estimate: Net Or First Call (Loss) Mean Estimate 1st Midwst Bcp FMBI 2Q 52c 52c Amsco Intl ASZ 2Q 21c 21c Enron Corp ENE 2Q 35c 35c Fed Natl Mtg FNM 2Q $2.08 $2.08 Grist Mill Co GRST 4Q 20c 20c Harley Davids HDI 2Q 45c 45c Hibernia Corp HIB 2Q 26c 26c MBNA Corp KRB 2Q 51c 51c Trimble Nav TRMB 2Q 21c 21c * Operating income )=Catalog Cos. 2Q -2: 'Strong' Qtr Seen For Computer Marketers While expected to report second-quarter earnings substantially lower than last year, Fingerhut Cos. (FHT) is still expected to post better per-share earnings than some of its competitors, such as Spiegel and Land's End. The company has been trying to battle its way through a difficult environment by cutting costs. Bear Stearns & Co. analyst Steven Kernkraut said the Minnetonka, Minn., apparel and general merchandise cataloger has started to make some progress in streamlining operations, in part, by cutting its workforce. Kernkraut estimates Fingerhut will report earnings of 9 cents a share, compared with the prior year's earnings of 32 cents a share. "The way the catalog industry is surviving is by cutting expenses," said Kernkraut. "That's something these guys got a head start on." In contrast to the gloomy prospects for traditional catalogers, whose stock-in-trade generally includes apparel and household goods, mail-order companies hawking computers are expected to show gains. Montgomery Securities Inc. analyst Thomas Courtney said he expects Micro Warehouse Inc. (MWSH) to report second-quarter earnings of 29 cents a share, compared with last year's 23 cents a share. "The computer direct marketers are having a very, very strong quarter," said Courtney. "Because of the strong demand for PCs and PC-related products, the market is growing at a very healthy rate and they (mail-order companies) are taking share from other channels." Courtney said more sophisticated buyers are turning to companies like Micro Warehouse of South Norwalk, Conn., because they realize they can get knowledgeable salespeople on the telephone without traveling to a store, and the products are comparable. "An Apple Powerbook 520 is an Apple Powerbook 520, no matter where you buy it," said Courtney, who added that mail-order marketers also stand poised for further gains with the August release of Microsoft Corp.'s (MSFT) Windows 95. +=Microsoft, Intuit -2: Merger Proposal Now In The Past By Mark Boslet Dow Jones Staff Reporter NEW YORK -- Microsoft Corp. (MSFT) said it isn't reconsidering a buyout of Intuit Inc. (INTU), despite today's U.S. Appeals Court ruling approving the Justice Department consent decree. A company spokeswoman characterized Microsoft's interest in the maker of popular Quicken financial software as something once considered but now in the past. The company was committed to the combination then, but in the face of a Justice Department suit opposing it, Microsoft decided fighting it in court would be too lengthy a process. Analysts had speculated that the appeals court decision - overturning a district court objection to Microsoft's antitrust agreement - might initiate more benign relations between the company and the Justice Department. But many stock watchers nevertheless bet that the software giant wouldn't revive its interest in Intuit. Intuit shares were up 4 1/4, or 5.9%, at 76 on Nasdaq volume of 590,000. Average daily volume is 394,700. Some analysts attributed the rise largely to the company's issuance of a million common shares. Microsoft was up 2 1/8, or 2.5%, at 87 on Nasdaq volume of 5.6 million, compared with average daily volume of 3.8 million. -=Microsoft, Probe -4-: Lawyer Says He Is Pessimistic In a statement, Microsoft went on to say its business practices were exhaustively reviewed by two different government agencies over 4 1/2 years. Only two issues raised antitrust concerns, the statement said. "The software industry enjoys increasing competition, lower prices and rapid innovation," said William H. Neukom, senior vice president for law and corporate affairs. "This will continue to be the case so long as the market - and the consumer - is allowed to make the decisions." But Gary Reback, an attorney representing anonymous clients opposed to both Microsoft's acquisition of Intuit and the consent decree, said he's afraid the Justice Department will fail to stand firm against Microsoft in the future. He called the consent decree "wholly cosmetic" and said he was pessimistic Justice would place new pressure on the company. He added, however, that the appeals court clarified a point that had remained unresolved. Microsoft's operating system for business, Windows NT, is covered by the consent decree, he said. /TECHNOLOGY: History Of Home Technology Littered With Flops By Ralph T. King Jr. Staff Reporter of The Wall Street Journal Since its unveiling at the 1964 World's Fair, the videophone has been one of the most eagerly awaited consumer appliances of all time. We're still waiting. On the surface, being able to talk to people far away while looking them in the eye sounded like a compelling idea. But more than 30 years and many failed attempts later, the videophone remains a no-show. AT&T Corp.'s latest videophone, lavishly introduced in 1992, was a dud, and the company has yet again returned to the drawing board. The videophone is part of a long list of home-technology flops. Other notable examples include "smart phones" for electronic banking, on-line information services known as videotex, the Frox home-entertainment center, International Business Machines Corp.'s PCjr, and the interactive TV system Qube. Vast sums were gambled and lost on many pioneering efforts, including $3 billion by va0rious videotex publishers alone, estimates Gary Arlen, an industry analyst with Arlen Communications Inc. in Bethesda, Md. Historically, electronic gadgets have taken time to catch on in the home. Prices start out too high for most consumers, and then fall enough to ignite mass demand. Many successful devices initially face chicken-and-egg problems: Before people will buy a television, compact-disk player or personal computer, they want lots of programming, services or useful things to do with it. What's more, until demand is more certain, makers are reluctant to invest much money -- or they are dependent on other businesses, as is the case with broadcasters, which have their own fears about investing in the new technology. Out-and-out failures occur when providers of consumer goods and services commit a multitude of sins -- including shoddy designs that condescend to consumers, and deeply flawed marketing schemes that attempt to foist overpriced products on a public that doesn't see much need for the1m. AT&T's latest videophone committed these gaffes and more. It was technically faulty, with a picture that moved jerkily. Owners could videotalk only with those rare individuals who also owned one. Most important, the $1,500 machine didn't appeal to people who weren't sure whether they wanted to look at the person they were calling. Thus, AT&T has sold just 30,000 units to date, instead of the 550,000 projected by one of its market researchers. "Corpses of arrogant corporations litter the history of consumer electronics," says Paul Saffo of the Institute for the Future, a think tank in Menlo Park, Calif. The same history suggests trouble lies ahead for some of today's very expensive technological forays into the home, ranging from the latest version of interactive television to hand-held data communicators. "We're in for a decade where a whole host of technologies are about to descend into consumer lives," Mr. Saffo says. "And most are going to fail." Like the videophone, videotex is a shining example of what can go wrong. In the late 1970s and early 1980s, two communications giants, Knight-Ridder Inc. and Times Mirror Co., were among the companies launching text-based computer-information services -- essentially, electronic versions of their newspapers. These players pulled the plug because they were unable to attract sufficient subscribers, analysts say. 3TECHNOLOGY: History Of Home Technology Littered -2- For many consumers who did sign up, the services quickly proved disappointing. The information itself, including news, weather and some reference material, wasn't terribly unique or detailed, and it was readily available elsewhere -- namely, in newspapers. Moreover, retrieving the information was cumbersome and time-consuming. In 1983, industry analyst Richard Adler dubbed videotex "the lemon in the living room." "On the surface it looked great," says Mr. Adler, now vice president at San Francisco-based SeniorNet, which includes an on-line information service for the elderly. "But it was a mile wide and an inch deep." Roger Fidler, an architect of Knight-Ridder's videotex entry, Viewtron, says 80% of its subscribers dropped it after the initial 13-week subscription period "because they didn't need it and couldn't use it in the way we were providing it." Knight-Ridder may have compounded users' frustration by choosing advertising slogans such as4 "What you want when you want it" and "The waiting is over." Because Viewtron seldom delivered information instantaneously, Mr. Fidler says, "Customers were making jokes that the waiting had just begun." The company's joint venture with AT&T lasted from 1979 to 1986 and represented an investment of at least $150 million, he estimates. Today's on-line information services, such as Prodigy Services Co. and America Online Inc., are reincarnations of videotex. (In fact, Prodigy, a joint venture of IBM and Sears, Roebuck & Co., is the mutated survivor of an earlier videotex service called Trintex that involved CBS Inc. as well.) Both companies are now performing reasonably well, in part because they offer a wide variety of services -- such as home shopping, home banking and electronic mail. They also finally have a viable infrastructure, the chicken to the egg, as personal computers with high-speed modems spread into homes. Publishers, again flocking to electronic distribution of information through these 5on-line services, are gambling that consumers are at last ready. That's doubtful -- unless the companies provide better and different information than is available in printed form. That hurdle could be met with programs -- still in development -- that allow people to get high-quality video clips linked to written material, or to use personalized electronic filters to quickly and cheaply find information from many sources. It's this broad utility that consumers crave. Sometimes, in fact, new technologies prosper because they serendipitously address unrecognized needs. The videocassette recorder, for example, was primarily intended for playing rented movies, but many consumers also use it to record broadcast programs for viewing at a more convenient time. Similarly, on-line services didn't expect e-mail to be so popular. Thus, says Mr. Saffo, devices that lend themselves to a process of reinvention in the hands of consumers stand a better chance of making it. The narrow utility of the "smartphone" has contributed to its unpopularity to date, analysts say. Developed by some financial institutions to provide banking services at home, smartphones are typically equipped with a screen and command buttons enabling users to transfer funds between accounts and pay bills electronically. T3T$0TECHNOLOGY: History Of Home Technology Littered -2- 23T$4TECHNOLOGY: History Of Home Technology Littered -3-s73T$6TECHNOLOGY: History Of Home Technology Littered -4- =3T$7TECHNOLOGY: History Of Home Technology Littered -5- A3U$ Intuit Inc. 1.1 Mln Shares Priced At $77 A Share0E3U$ Intuit Inc. - Pricing -2-: Offer Boosted From 1M ShrsF3V$ Hot Stks To Watch - Pricings: INTU HNCS SPHI]G3\$ Abreast of the Market: Economic Data Depress Stocks H3\$ Kpmg Providing Financial Guidance To Owners Of Quicken Financial...nnerK3l$Intuit to announce major business development in American banking and...Q8TECHNOLOGY: History Of Home Technology Littered -3- Banks, intent on cutting costly delivery of services through branches, have a clearer need for such devices than consumers do. New York-based Citicorp tested smartphones for about a decade, and began making them widely available last year. So far, though, only a minuscule fraction of its customers have requested one. Huntington Bancshares Inc. and AT&T spent several years and $20 million before scrapping their smartphone venture in 1993. But Huntington, based in Columbus, Ohio, says it still believes in the smartphone, and is looking for a new partner. One hurdle it faces is that only a couple of local merchants have agreed to participate in its electronic bill-payment service, concedes William Randle, the bank's marketing director. Moreover, the feature costs users up to $6 per month, "about break-even with the cost of stamps," Mr. Randle says. In contrast, Intuit Inc.'s personal-finance software, Quicken, is popular with about seven million cust9omers because it achieves a feat of integration: They can keep track of budgets, balance their checking accounts, compute income-tax returns, and pay bills electronically on a personal computer that also does many other things. Plus, Quicken's method of electronic bill-paying, which eliminates the need for checkbooks, has proved to be far less time-consuming than paying by check, but only slightly more expensive, users say. That kind of cost-benefit calculus runs through the minds of most consumers evaluating new technologies. "Can I get it done cheaper or faster, or is it more meaningful to do it another way? That's the choice people make," says Bruce Ryon, a multimedia analyst at Dataquest Inc., a market-research firm in San Jose, Calif. "People want a device that will do a thing really well -- if the price is right." If the price isn't right, even the niftiest new technology stands a slim chance of taking hold. Demand for entertainment equipment like VCRs and compact-disk players didn't explode un:til their prices dropped below $400. Personal computers became mass-market items at a higher level, around $2,000, because they serve as tools for education, personal finance, and other purposes in addition to entertainment. The price tag alone would have been enough to doom Frox. Only the wealthiest audio- and videophiles could afford this computerized home-entertainment center, at $20,000 or more apiece. But back in 1988, when Frox was conceived by a group of Silicon Valley stars including Andy Hertzfeld, who helped create Apple Computer Inc.'s Macintosh, the product seemed like a winner. Its dazzling features included instant playback of 40,000 music-CD titles stored in its database, and conversion of standard TV signals to high-definition images. But by 1994, Frox Inc., based in Milpitas, Calif., had sold fewer than 300 units and closed its doors, leaving its European investors $43 million poorer. Yet, for a time, Frox served as a symbol of hope for America's high-tech sector in the face of a seemingly insurmountable challenge from Japanese manufacturers in everything from consumer electronics to microprocessors. George Gilder, author of the book "Life After Television," cited Frox in a 1991 Forbes magazine article as a "commercially practical" illustration of how U.S. companies could recapture the lead by focusing on the living room rather than the desktop. Today, American companies are enjoying a huge comeback, including one in consumer electronics -- but it was the desktop computer that led the way, generating explosive growth in recent years for dozens of U.S. companies, headed by Intel Corp. and Microsoft Corp. T$0 k$:<m$ mm$$ l$dl$dl$0l$:$l$l$6dl$ l$,Tl$2Tdl$$l$Dl$Tl$,T$l$ Tm$Tm$ TDm$ Tm$ Tm$ Tdm$ km$ k>TECHNOLOGY: History Of Home Technology Littered -4- "I was captivated by all the personal-computer (industry) names in Frox, and (the prediction) turned out not to be correct," says Mr. Gilder. "Frox finally became a TV set rather than a computer." He now believes that any electronic appliance not allied with the PC will flounder. Its astronomical price notwithstanding, Frox may have survived in some form were it not for its technical defects. Michael Watts, an executive who came in to run Frox in its final months, says the machine he owns works only about half the time. He bought three remote-control devices for good measure; his Frox doesn't respond to any of them. Design flaws have torpedoed far simpler machines. Take IBM's PCjr, designed to be a computer for the home. In one of the most embarrassing mistakes in its history, the computer giant sold a fraction of the $1,500 machines it expected to, despite a $40 million advertising blitz. In 1984, after just 16 months on the market, IBM canceled ?it. Analysts derided the machine's Chiclet-style keyboard, with keys so small typing was difficult. The company later redesigned the keyboard -- but harder to fix was the PCjr's lack of processing power, which made it almost impossible for users to perform basic office tasks. The PCjr was a disaster. IBM had wanted to make a machine that wasn't so nifty (and cheap) that it would cut into its business computer lines -- and was condescending enough to think consumers would buy it, analysts say. As the soaring demand for multimedia PCs demonstrates, consumers want lots of power, and are willing to pay several thousand dollars for CD-ROMs, Pentium processors, high-speed modems, printers, scanners, big monitors -- the works. IBM learned its lesson. These days, when it designs new products -- such as its current Aptiva line of home computers -- it relies heavily on consumer focus groups and independent market research. And even now, mention of the PCjr inside the company raises "smiles on faces," says Peter@ Hortensius, senior manager of IBM's personal-systems department. "Using a bunch of nerds in research as a marketing base is pretty dumb," he adds. The prize for the mother of all home-technology busts probably belongs to the now-dismembered RCA Corp. In 1981, in direct competition with VCRs, RCA introduced the CED (capacitance electronic disk) videodisk player, which used a phonograph-like sylus to transmit sounds and images from a disk to a TV set. A company official at the time called it "RCA's priority project for the decade." But the machine couldn't record programs, the needle tended to skip and VCR prices fell faster than CED prices. After three years and losses estimated at around $500 million, RCA stopped making the ill-conceived machine. The fiasco helped propel RCA into the arms of General Electric Co. the following year, analysts say. (GE subsequently sold its consumer-electronics businesses to Paris-based Thomson SA.) In any event, even well-conceived devices, such as eight-track audio and Betamax VCRs, have perished in the recurrent format wars. On the other hand, not every seriously flawed new product falls flat. Some become phenomenal hits. Early television sets had tiny screens, and there were few programs for viewers to watch. The first microwave ovens were impractically large and cooked unevenly. But both inventions answered unmet needs, so subsequent refinements turned them into household fixtures. BTECHNOLOGY: History Of Home Technology Littered -5- In other cases, a technology that catches fire can get snuffed out just as quickly. The citizens' band radio craze of the late 1970s lasted less than two years. People like to converse while driving but, it turns out, not when limited to just a few nearby fellow drivers. Almost a decade later, the cellular phone corrected this drawback, and its use has skyrocketed despite high service charges and unreliable reception. Part of their appeal is that cellular phones, like the first televisions on the block, are status symbols. "I used mine today on the way in to work, and I had to dial and hang up three times," says Barry Sullivan, marketing director at Electronic Data Systems Corp. in Plano, Texas. "But I accepted it because I looked cool, doing big deals world-wide," he jokes. But what if Mr. Sullivan's phone went dead 25 times every morning instead of three? Before long, he would rip the phone out and call from the office instead. That point is whaCt the Institute of the Future's Mr. Saffo calls the "threshold of indignation" -- when a consumer decides the benefits of the technology don't compensate for the hassle of using it. Perhaps no new consumer market faces a more daunting cost-benefit challenge than interactive television, because it would cost so much to provide and yet offer such ill-defined benefits. Designed as a system that provides true two-way video communication with the same people and businesses you now reach in person or by telephone -- and going far beyond the potential of a videophone -- it would cost up to $1,500 for the data pipeline to each household. That's as much as $90 billion to link the homes currently served by cable. Like on-line information services, interactive television has a predecessor. It was Qube, the first interactive cable-television system, set up in Columbus, Ohio, by a company that's now part of Time Warner Inc. Eight years after a high-profile launch in 1978, Qube's interactive feature was dropped. BeDyond voting at the occasional town meeting or rating certain TV shows in progress, there was little to interact with, analysts say. "People got bored with it," acknowledges Gustave Hauser, a Qube founder. "The interaction needs to be relevant, significant, entertaining and rewarding. People don't just press buttons. They need a constant stream of programming." To this day, interactive television remains in the testing stage. One of the most closely watched is Time Warner's pilot service in Orlando, Fla. Questions remain about how compelling and varied programming and services will have to be to generate mass demand, despite the advent of home shopping, distance learning, video on demand and the like. "The big question is the same as it always was," says Mr. Hauser, now chairman of Hauser Communications Inc., a New York telecommunications firm. "How much does it take to create these programs, and how much will people spend on them? Some people jump in, and others take a long time. Overexpectation is the biggest menace." That certainly remains true of the videophone. An article on the subject in this newspaper in 1992 announced, "The videophone era is at hand," and included this quote from Albert Lill of Gartner Group, a market-research firm in Stamford, Conn.: "Everything is coming together in 1993." --- Mr. King is a staff reporter in The Wall Street Journal's San Francisco bureau. Intuit Inc. 1.1 Mln Shares Priced At $77 A ShareIntuit Inc. - Pricing -2-: Offer Boosted From 1M Shrs NEW YORK -- An offering of 1.1 million common shares of Intuit Inc. (INTU) was priced at $77 each through underwriters led by Morgan Stanley & Co. The size of the offering was increased from the originally planned 1 million shares. Gross spread is $3.85, selling concession is $2.31 and reallowance is 10 cents. Delivery is scheduled for June 26. In its filing, Intuit said proceeds from the offering would be used for general purposes, including capital expenditures and working capital. Intuit said it may use a portion of the proceeds to acquire businesses, products or technologies. Hot Stks To Watch - Pricings: INTU HNCS SPHI Intuit Inc. An offering of 1.1 million Tues Close, 77 1/2 shares priced at $77 each. Dn 3/4, 1.0% (Full story under INTU) 466,300 Shrs (INTU) - - HNC Software Inc. An initial offering of (HNCS) 2.25 million shares priced each at $14 a share. (Full story under HNCS) - - Studio Plus Hotels An initial offering of (SPHI) 3.1 million shares priced at $15 each. (Full story under SPHI) IAbreast of the Market: Economic Data Depress Stocks By Michael Gonzalez Staff Reporter of The Wall Street Journal NEW YORK -- Stronger-than-expected economic data dashed hopes of an interest-rate cut in the next week, sending stock prices into a modest swoon. The Dow Jones Industrial Average fell 34.59, or 0.75%, to 4551.25. Other major indexes fell also. The Standard & Poor's 500-stock index dropped 5.58, or 1.02%, to 544.13; the New York Stock Exchange Composite Index declined 0.91%, or 2.69, to 291.48; the American Stock Exchange Market Value Index declined 4.37 to 489.11, and the Nasdaq Composite Index, weighted with technology stocks, dropped 11.89, or 1.27%, to 926.98. The Dow Jones Transportation Index lost 21.19 to 1731.46, while the Utilities Index slipped 2.18 to 202.41. Volume was slightly lower than average at 296.7 million shares. Declining issues beat out advancers 1,602 to 674. Peter Canelo, chief investment strategist at NatWest Securities, said stocks fell in reactiJon to the bond market's retreat. That sell-off in turn was sparked by fears that the decision-making committee of the Federal Reserve will choose not to cut interest rates when it meets next week. "The evidence is accumulating that the economy may be in the process of bottoming out, that interest rates may be low enough to have already done the job and the Fed does not have to do much more," said Mr. Canelo. Technically, bond prices failed to break through a resistance line last week, which sent bearish signals to bond investors, he said. Spurring the perception that the Fed may see the economy as being too healthy for an interest-rate cut were sales of existing single-family homes, which rose 4.7% in May from April to a seasonally adjusted annual rate of 3.55 million. The National Association of Realtors said that the rise in housing activity reflects pent-up demand from buyers who had been waiting to buy homes until mortgage rates dropped. Perhaps most troublesome to market watchers was a significant sell-off among technology stocks, which fell after strong gains last week. The slide was evenly spread among makers of semiconductors, software and computers, and took place both on the New York Stock Exchange and over the counter. Technology issues, especially the semiconductors, have propped up the market for months. Texas Instruments, the Dallas computer maker, fell 2 to 138 1/2; Advanced Micro Devices, of Sunnyvale, Calif., dropped 2 to 36 7/8. It was downgraded by investment-house Cowen to "neutral" from "buy"; semiconductor maker Micron Technology declined 5/8 to 57, and Motorola stumbled 1 1/8 to 66 1/8. International Business Machines, which set 52-week highs last week, kept its correction limited as it slid 3/8 to 98 1/4. LKpmg Providing Financial Guidance To Owners Of Quicken Financial Planner Software NEW YORK -- For the first time, consumers can use an "800" phone service to call accredited financial counselors at KPMG Peat Marwick LLP, the professional services firm, when using Quicken Financial Planner(TM) retirement planning software. KPMG and Quicken Investment Services, Inc. are offering a unique combination of interactive retirement planning software -- and access to additional retirement planning advice through an "800" service -- with the recently introduced and popular Quicken Financial Planner. This gives customers the ability to plan at home and reach out for professional help when they need it. "Personal financial counseling is delivered in many forms and this is the first time a customer can take that extra step and discuss the plan they've created. It's like having a counselor inside every box," said Eugene G. Schorr, national partner in charge of KPMG's personal financial planning practice. "The sMervice KPMG provides is aimed at more than how to make the software work. It is action-oriented financial counseling -- our version of a `super help desk.'" Customers create their retirement plan using a step-by-step approach with Quicken Financial Planner. First, the program interviews users with simple questions about their current finances and retirement goals. Quicken Financial Planner uses these answers to build a custom-tailored plan that works with the customer's income and retirement goals. Quicken Financial Planner then provides a detailed action plan, showing how much to save and ways to invest those savings, to achieve the retirement goals the customer wants. The program also offers helpful tips from Jane Bryant Quinn, best-selling financial author and columnist. Finally, it even helps customers find the mutual funds that best fit their investment guidelines. They next call KPMG counselors with questions about their retirement plan and get instant, personalized help. Questions might inNclude: Is your retirement plan based on the right financial strategy? Have you made assumptions you can live with in your plan? How can you maximize your tax deductions? How can you cut expenses now to save toward retirement? Should you start estate planning now to minimize taxes later? "Baby boomers today are caught between demands to save for their children's education as well as their own retirement. Quicken Financial Planner makes it easy for customers to quickly map out a retirement plan," said Scott Cook, co-founder and chairman, Intuit Inc. "Combining our Quicken Financial Planner software with KPMG's counselors is a great help to the customer. Customers have told us they value being able to reach out and get additional financial planning guidance when they need it. It's our understanding this is the first time any firm in our industry, and possibly any financial services organization, has provided this kind of personalized service," Cook said. "With all of the emphasis on the pensiOon retirement system, and the looming challenges confronting Social Security, people are beginning to realize they must take responsibility for their future economic well- being, particularly in their retirement years," said KPMG's Schorr. "We're suggesting that individuals review their retirement plans and goals twice-yearly." For Quicken Financial Planner users, the first ten minutes of their first call to the KPMG "800" number are free. After the first ten minutes of their first phone call, callers are charged $1.95 per minute. Quicken Financial Planner is available in both 3-1/2 inch floppy disk and CD-ROM formats. The street price for Quicken Financial Planner is $39.95. Quicken Financial Planner is available directly from Intuit and distributed throughout the United States by Ingram Micro, Merisel, Good Times, Navarre and Handleman. Quicken Investment Services, Inc., a wholly owned subsidiary of Intuit Inc., is based in Menlo Park, Calif. This subsidiary, which is a nationally registeredP investment advisor, recently launched a line of financial decision-making software products, including Your Mutual Fund Selector, as well as Quicken Financial Planner. Intuit Inc. is a leading developer of personal finance, small business accounting and tax preparation software. Intuit develops and markets software products and services that enable individuals and small businesses to automate commonly performed financial tasks. Intuit's Quicken program is the software leader in the personal finance market, the most popular product in the category. KPMG's personal financial planning practice also offers such services as cash flow and budgeting analysis; estate planning; retirement planning; risk management and insurance needs; investment advisory; income tax planning and tax return preparation; and succession planning for closely held businesses. KPMG Peat Marwick LLP is the U.S. practice of KPMG, a global leader among professional services firms. Worldwide, KPMG has more than 6,000 partners as well as 67,000 professionals serving clients through 1,100 offices in 837 cities in 134 countries. In the U.S., KPMG partners and professionals deliver a wide range of assurance, tax, and performance improvement services to clients doing business in the following markets: financial services; manufacturing, retailing and distribution; health care and life sciences; information, communications and entertainment; and public services. /CONTACT: George Ledwith of KPMG Peat Marwick, 212-909-5310; or Susan Sweeney of KPMG PFP Practice, 212-872-6005/ RIntuit to announce major business development in American banking and financial services In simultaneous and linked press conferences in New York and San Francisco, Intuit Inc. will announce an important business development on Friday, July 14 at 9 a.m. PDT, 12 noon EDT, dealing with on-line financial services. Leading the conference in New York will be Scott Cook, co-founder and chairman of Intuit. In San Francisco, the conference will be led by Bruce Burchfield, chairman and chief executive officer of Intuit Services Corporation, Intuit's financial services arm, and Bill Lane, chief financial officer of Intuit. Details of the Event: Hyatt Regency Burlingame Regency Room, sections B and C 1333 Bayshore Highway Burlingame, CA 9 a.m. PDT Waldorf Astoria Empire Room 301 Park Avenue (between 49th and 50th) New York, NY 12 noon EDT Telephonic participation is available for media who cannot make it to either location by calling 800/260-0702. CONTACT: Intuit Inc. Sheryl Ross, 415/329-3569 Bob McCarson, 415/329-3098 or Wilson McHenry Company Julie McHenry or Lerry Wilson, 415/638-3400 Intuit To Announce On-Line Banking With About 20 Banks6k3l$,Intuit To Announce On-Line Banking With About 20 Banks6S3l$2Intuit On-Line Plans Said To Include Major U.S. Banks5U 3l$=Intuit, On-Line Banking -2-: Chase, Citicorp to Be CustomersX!3l$,=Intuit, On-Line Banking -3-: Microsoft Focused New Attention.Z"3l$ Intuit To Announce Major Business Development In American Banking And...C\#3m$Dow Jones Investor Network (DJIN) Schedule For July 14 ^$3m$ Sanwa Bank Calif., Intuit In On-Line Banking Svcs Pact6a%3m$ Hot Stocks To Watch: SDLI EK INTUb&3m$ U.s. Bank Forms Alliance With Intuit; Pc Banking Veterans Available... Sc'3m$ Intuit In On-Line Banking Pact With 19 Fincl Firms2fIntuit On-Line Plans Said To Include Major U.S. Banksl$ 3l$2W 3q$ 3$*3l$T3l$,T$3l$ T3m$T3m$ TD3m$ T3m$ T3m$ Td3m$ k3m$$ kd3m$0 k3m$1 k$3m$ k3m$ k3m$% k3m$& kD3m$4 kkd3m$ 3m$ d3m$ 3m$! $3m$" 3m$ D3m$" 3m$9 3m$d3m$3m$d3m$3q$ $ Y=Intuit, On-Line Banking -2-: Chase, Citicorp to Be Customers By Mark Boslet Dow Jones Staff Reporter NEW YORK -- On-line banking will be within the reach of tens of thousands of consumers when Intuit Inc. (INTU) announces a partnership with about 20 major banks tomorrow. The Menlo Park, Calif., financial software maker is expected to say it has struck a deal to offer computer banking and financial services by phone with companies including Citicorp (CCI), Chase Manhattan Corp. (CMB) and American Express Co. (AXP). Analysts hail the move as solidly establishing Intuit near the epicenter of a consumer trend certain to gain momentum in coming years. While computer on-line banking is considered somewhat esoteric today - and far too confusing for the technophobic - its convenience is likely to someday win over many converts. Montgomery Security analyst Betty J. Lyter said she sees the anticipated partnership invigorating Intuit's growth. She said she had expected the company's revenue to grow at a 30% to 40% annual pace over the near term. Growth may now reach to the 40% to 50% range, she said. But more important, the business relationship is seen as increasing public access to on-line banking. People will become more aware that electronic commerce is a thing of the present, not just the future, one analyst said. Also on the list of banks expected to announce an on-line partnership with Intuit are First Chicago Corp. (FNB), Wells Fargo & Co. (WFC), Michigan National Corp. (MNCO), Chemical Banking Corp. (CHL) and Bank of Boston Corp. (BKB). On-line service is anticipated to be available this fall, Lyter said, coinciding with the release of Intuit's latest version of its Quicken financial software. Intuit is to operate an on-line network and collect fees from banks, based on the number of customers a bank has signed up for the service. Banks would be free to charge customers for the service, or offer it free, perhaps to top customers, Lyter speculated. [=Intuit, On-Line Banking -3-: Microsoft Focused New Attention The prospect of on-line banking has drawn a considerable amount of public attention since Microsoft Corp. (MSFT) offered to purchase Intuit late last year. The software giant called off the merger after Justice Department officials filed suit to block it. Microsoft had hoped to reap millions, if not billions, of dollars in on-line transaction fees from a financial-services network. Bankers, fearing Microsoft would become an on-line juggernaut, stealing profits they might be making, began clamoring for alternatives. Intuit is likely seen as a less imposing partner. Further, analysts said the Intuit agreement doesn't require exclusivity. Banks are free to strike up relationships with Microsoft, which is to start an on-line network of its own this year, additional companies, or enable consumers to use software other than Quicken on the Intuit network, analysts said. For Intuit, the only thing better than the attention the Microsoft merger proposal brought was the software giant's decision to squash the combination, Montgomery's Lyter said. That left the company free to build on-line relationships on its own, she said. Intuit shares were up 4 3/4, or 6.1%, at 83 on Nasdaq volume of 843,700. Average daily volume is 469,600. ]Intuit To Announce Major Business Development In American Banking And Financial Services Involving Centura Intuit Inc., manufacturer of Quicken personal finance software, will announce an important business development involving Centura (NYSE: CBC) and dealing with on-line financial services in a press conference beginning at noon EDT Friday, July 14. NORTH CAROLINA MEDIA MAY HEAR AND PARTICIPATE IN THE PRESS CONFERENCE BY CALLING 1-800-260-0702. CENTURA PRESIDENT CECIL SEWELL WILL BE AVAILABLE FOR MEDIA INTERVIEWS FOLLOWING THE PRESS CONFERENCE. TO ARRANGE AN INTERVIEW, PLEASE CONTACT A. DOUGLAS HAYNES AT CENTURA AT 919-977-8429. Participating in the teleconference from New York will be Scott Cook, co-founder and chairman of Intuit; participating from San Francisco will be Bruce Burchfield, chairman and chief executive officer of Intuit Services Corp., and Bill Lane, chief financial officer of Intuit. CONTACT: A. Douglas Haynes of Centura Bank, 919-977-8429; or Sheryl Ross, 415-329-3569 or Bob McCarson, 415-329-3098, both of Intuit. /PRNewswire -- July 13/ _Dow Jones Investor Network (DJIN) Schedule For July 14 This is a preliminary schedule and subject to change. Watch for DJIN alerts on the wire about 5-10 minutes before the start of each event. 7:30 a.m. LIVE (London) - European news and markets update and the outlook for today's U.S. markets. (10 min) 8:00 a.m. EXCLUSIVE (London) - Interview with Sudhir Junankar, associate director of the Confederation of British Industry, on the group's June distributive trades survey. (10 min) 8:30 a.m. LIVE (Washington) - Commerce Dept. releases June retail sales data and the Labor Dept. releases the June consumer price index. (5 min) 9:15 a.m. LIVE (Washington) - Fed releases industrial production and capacity utilization data for June. (5 min, audio only) 9:30 a.m. EXCLUSIVE (Washington) - Interview with Commerce Undersecretary Everett Ehrlich on today's retail sales report. (10 min) 10:15 a.m. LIVE (New York) - Interview with Offshore Systems (OSI) Chairman Emeritus Helmut Lanzin`er. (20 min) 10:45 a.m. LIVE (Chicago) - Bank of Mexico Vice Gov. Francisco Gil Diaz gives an update on the country's finances at a Managed Futures Association conference. (1 hour) 11:45 a.m. LIVE (London) - European markets wrap-up and an update on the U.S. markets. (10 min) 12:00 p.m. LIVE (New York) - Intuit Inc. (INTU) holds news conference to announce development with on-line financial services, with Chairman Scott Cook. (1 hour) 1:30 p.m. LIVE (Washington) - Interview with North American Vaccine (NVX) President Sharon Mates. (20 min) 2:00 p.m. LIVE (Washington) - Interview with Gordon Richards, chief economist of the National Association of Manufacturers, on the industrial production data. (15 min) 2:30 p.m. EXCLUSIVE (Los Angeles) - Interview with Charlotte Chamberlain, VP of Wedbush Morgan Securities, on the outlook for the California economy and the cost of the Northridge earthquake. (15 min) 3:00 p.m. EXCLUSIVE (Paris) - Interview with Jean Saint Geours, president of the French Securities Commission. (16 min) 4:00 p.m. LIVE (Atlantic City, NJ) - Mirage Resorts (MIR) Chairman Stephen Wynn holds news conference with Circus Circus (CIR) Chairman to discuss a proposed 170-acre Atlantic City development. (45 min) 5:00 p.m. (Paris) - International Organization of Securities Commissions news conference following its annual meeting. recorded yesterday. (1 hour) All times EDT. The Dow Jones Investor Network (DJIN) is a separate video news product available by subscription from Dow Jones & Co. An audio-only simulcast of DJIN is available for a fee by dialing (800) 755-9461, for U.S. callers, or (800) 305-7120, for Canadian callers. For information on DJIN, call (212) 416-4475. Sanwa Bank Calif., Intuit In On-Line Banking Svcs PactHot Stocks To Watch: SDLI EK INTU SDL Inc. Files to offer 1.9M shares; co. Thur Close 34 1/16 to sell 400,000 and holders to Up 1 13/16, 5.6% sell the rest; posted 2Q net 18c 46,200 Shares a share vs 9c (full story under (SDLI) SDLI). - - Eastman Kodak Co. Co.'s pension fund will sharply Thur Close 63 7/8 reduce its use of derivatives, Up 3/8, 0.6% leading to the liquidation of 1.1 Mln Shares its very profitable $300M managed- (EK) futures portfolio, The Wall Street Journal reports (full story under EK). - - Intuit Inc. Plans to announce today that Thur Close 83 20 companies have agreed to use Up 4 3/4, 6.1% Intuit software products for 846,600 Shares on-line banking services, The (INTU) Journal reports (full story under INTU). dU.s. Bank Forms Alliance With Intuit; Pc Banking Veterans Available For Interviews WHAT: Interview opportunities with key players in Intuit's 20-bank alliance to offer PC banking nationwide. WHO: * A worldwide expert in electronic banking -- recognized by financial institutions and leading computer companies. As vice president and manager of U.S. Bank's Emerging Delivery Services division, Linda Parker has led the evolution of PC banking since U.S. Bank first began developing its product three years ago. Parker also can discuss the rising customer demand for and usage of U.S. Bank's UBANK ON-Line service and how PC banking technology will evolve in the future. * A leader in technological development of PC banking with personal finance software. Scott Cook, chairman and CEO of Intuit, is available to discuss the company's worldwide vision for PC banking and the details of its 20-bank alliance. * Customers who are enthusiastic about the real-life benefits of PC ebanking. UBANK ON-Line customers from Washington, Oregon and Nevada can provide insight into how PC banking is helping them manage their personal and business finances and save valuable time in bill paying. WHY: * U.S. Bank is the seasoned expert. U.S. Bank was one of three banks nationwide to cooperatively develop the first PC banking service with personal finance software, introduced to the public in February 1994. * Customer sign-ups have met expectations. After just 18 months, more than 5,000 customers are using UBANK ON-Line through U.S. Bank's five-state area of Washington, Oregon, California, Nevada and Idaho. * PC banking is a tangible service. On average, U.S. Bank customers access UBANK ON-Line more than five times per month and make just as many bill payments through PC banking as they do over the bank's telephone service. WHEN: Telephone interviews beginning at 11 a.m. Pacific Standard Time, following Intuit's PC banking news conference. CONTACT: Debbie Alford, Bowler & Associates, Inc., 503/248-9468 /PRNewswire -- July 14/ Intuit In On-Line Banking Pact With 19 Fincl FirmshSanwa Bank Becomes One Of First In U.s. To Offer On-line Banking Services In Alliance With Intuit LOS ANGELES -- Sanwa Bank California today said it has become one of the first banks in the United States to form an alliance with software giant Intuit Inc. (Nasdaq-NNM: INTU) to offer customers a broad range of on-line home banking and financial services from the comfort of their homes or offices. Customers who wish to participate in the service will be supplied with Quicken(R), the popular software program that features a host of personal financial services including Sanwa's home banking option. The service is expected to be available to Sanwa customers in October. "We are thrilled to be working with Sanwa Bank California, an institution that shares our commitment to innovation and customer service and is a clear leader in its field," said Intuit Chairman Scott Cook. "Through this alliance, we will be able to provide the latest in on-line banking services to Sanwa's current customer base, as well ias those prospective customers who may be seeking to move their account to a bank with this capability." In addition to on-line banking, Sanwa customers will be able to access a host of personal financial management options available including financial planning, budgeting, stock quotes, investment tracking and report generation. "These relationships create another banking option for our current and prospective customers who wish to use their personal computers to transact banking business," said Sanwa's Gene Galloway, executive vice president for Retail Banking. "It also represents another step forward in our desire to provide state-of-the-art products and services to our current and future customers." According to Galloway, bank customers who subscribe to the new home banking service will find Sanwa's programs to be among the most user-friendly of all financial planning software products. The service will give Sanwa customers 24-hour access to such services as checking, savings, credit cards anjd lines of credit. "Deposits, paper checks and electronic withdrawals on the account will be automatic and will eliminate the need to manually record each transaction," said Galloway. "And, the program is easy to use because it is a point-and-click Windows or Macintosh program." Further information about Sanwa's home banking service is available from any of the bank's 110 branches and offices throughout California, or by calling the bank's toll-free information line at 800-23-SANWA. With $8.1 billion in assets, Sanwa California is the fifth-largest bank in the state and a subsidiary of The Sanwa Bank Ltd. of Japan, the world's largest bank*. *American Banker annual rankings, based on total assets, June 29, 1995. /NOTE TO EDITORS: Sanwa Bank press releases are available at no charge through PR Newswire's Company News On-Call fax service. For a menu of available Sanwa Bank press releases or to retrieve a specific release, call 800-758-5804, ext. 774363./ /CONTACT: Keith H. Karpe, VP/Public Relations Manager of Sanwa Bank, 213-896-7291 or 213-200-2290/ T(3m$ Sanwa Bank Becomes One Of First In U.s. To Offer On-line Banking...vice@ g)3m$$ Sanwa Bank Calif.-Intuit -2: Svc To Be Available In Octoberl*3m$0 Intuit press briefing todayn+3m$1 Intuit, 19 Financial Institutions working together to deliver online...o,3m$ Intuit Inc./On-Line Banking -2-: To Begin This Fallw-3m$% Hot Stocks: TGEN INTU SYBSy.3m$& Compass Bank, Intuit Announce On-line Banking With Quickenz/3m$ Marquette Banks And Intuit Form On-line Banking Alliancez~03m$4 Marquette Banks And Intuit Form On-line Banking Alliance13m$4 Chemical Bank And Intuit Offer Personal Finance Software Package)Sanwa Bank Calif.-Intuit -2: Svc To Be Available In October LOS ANGELES -- Sanwa Bank California and Intuit Inc. (INTU) formed an alliance to offer customers a broad range of on-line home banking and financial services. In a press release, Sanwa Bank said customers of the service, expected to be available in October, will be supplied with Quicken, the software program offering personal financial services. Sanwa Bank said customers will be able to access various personal financial management options including financial planning, budgeting, stock quotes, investment tracking and report generation. Sanwa California, with $8.1 billion in assets, is a unit of Sanwa Bank. m$$ kdm$0 km$1 k$m$ km$ km$% km$& kDm$4 kkdm$ m$ dm$ m$! $m$" m$ Dm$" m$9 m$dm$m$dm$q$ $Intuit press briefing today Intuit will host press briefings today -- Friday, July 14 -- in New York and San Francisco, to discuss its relationships with financial institutions announced this morning. Press briefings will be held at: Hyatt Regency Burlingame Regency Room, sections B and C 1333 Bayshore Highway Burlingame, CA 9 a.m. PDT Waldorf - Astoria Empire Room 301 Park Avenue New York, NY 12 noon EDT Telephonic participation is available for media who cannot make it to either location by calling 800/260-0702. A recording of the press conference will also be available through Tuesday, July 18, by calling 800/475-6701 and using the access code 600932. CONTACT: Intuit Inc. Sheryl Ross, 415/329-3569 Bob McCarson, 415/329-3098 or Wilson McHenry Company Julie McHenry or Lerry Wilson, 415/638-3400 pIntuit, 19 Financial Institutions working together to deliver online financial services through Quicken; Combination to provide consumers with new services, convenience, and financial confidence NEW YORK--Intuit Inc. and 19 of the largest and most trusted names in American banking and financial services today announced that they are working together to enable individuals and small businesses to bank, pay bills and perform other financial tasks online through Intuit's Quicken personal finance software starting this Fall. "This announcement today represents a giant leap forward in changing for the better the way people and small businesses manage finances," said Intuit Chairman Scott Cook. "Intuit and these financial institutions have been separately pursuing the same vision for years. This combines the key components needed to see that vision fulfilled: a mass of 8 million Quicken users, the online link to the well-known and trusted financial institutions and Intuit's proven ability to get customers tqo adopt new financial technologies." The efforts announced today are intended to allow users of the next version of Quicken to link to these institutions: American Express, Bank of Boston, Centura Bank, Chemical Bank, The Chase Manhattan Bank, Compass Bank, CoreStates Bank, First National Bank of Chicago, First Interstate Bank, Home Savings of America, M&T Bank, Marquette Banks, Michigan National Bank, Sanwa Bank California, Smith Barney, Texas Commerce Bank, Union Bank, U.S. Bank and Wells Fargo Bank. The banks serve customers in 36 states, representing 90 percent of the U.S. population, while American Express and Smith Barney serve customers nationwide. The group includes two of the top five card issuers, two of the three largest New York banks, five of the top six California banks, the largest bank in the Midwest, the country's largest thrift and the second largest U.S. securities brokerage firm. Many of the financial institutions will be the first in their respective markets to offer online barnking to customers. Cook said he believes that acceptance of online banking will accelerate as a result of today's announcement, which will allow customers to automatically download information from their financial institution into Quicken. This eliminates the chore of data entry that has been a barrier for some people who would otherwise use financial software. Details on pricing, availability and how the service will work will be available when the next version of Quicken is announced, Cook said. However, he said he expects the service to cost less and be easier to use than previous online banking services. This announcement represents a number of firsts: -- The first in endorsement of a single system for online banking by so many large financial institutions. -- The first to link financial institutions to millions of customers already using financial software. -- The first to link customers to multiple types of financial institutions offering an array of services, including traditionals banking, credit and charge cards, and brokerage services. -- The first designed for both individuals and small businesses. In addition to its prominence as a software for individuals, Quicken also is the world's most popular small business bookkeeping software with more than 2.5 million business users. -- The first designed for financial software users on all leading operating systems -- Windows 3.1, Windows 95 and Macintosh operating system. -- The first linked to a family of financial solutions covering routine finances, investing, tax preparation, financial planning and business bookkeeping and payroll. The online financial service will save customers time and hassle, for example by enabling customers to pay bills and keep financial records in one place with one simple action. At the push of a button, financial institutions will download the customer's data into Quicken, which then turns it into complete and organized financial records. The service will help customers make better decisionst by linking to the only family of PC financial solutions that give financial guidance and answers personalized to the individual customer. For example, individuals will be able to download information into Quicken and then plan their retirement with Quicken Financial Planner or prepare their tax return with TurboTax or MacInTax without needing to re-enter the same data. Small business people will be able to download credit and charge card charges for travel and other business expenses into Quicken. Or they can complete their payroll with QuickPay and later reconcile it automatically with banking data downloaded into Quicken. The online connections will be established through Intuit's banking hub, Intuit Services Corp., whose chairman Bruce Burchfield built CIRRUS into the world's largest automatic teller machine network. Many of the same banks working with Intuit will use the same Intuit hub to connect to Microsoft's Bob software for PC novices and Money personal finance software. "We are guideud by the philosophy of no confusion for the customer about our role or that of the financial institutions. We're providing the technology. The financial institutions are providing the financial services," Cook said. "Our goal is to help banks forge closer relationships with current customers and gain new customers. By combining what we are good at separately, we can accomplish things that we could not accomplish alone." Cook described additional benefits. The relationships announced today will enable people to take control of their finances and make smarter spending and financial decisions. This can help improve consumer credit ratings, reduce the amount of bad debt that businesses write off and reduce the number of personal bankruptcies. With confidence about their financial condition and investment, people will be encouraged to save and invest for the future. "As people save and invest more, the country's overall savings rate will improve and more money will be available for investment in actvivities that create jobs and grow the economy," Cook said. Providing customers with an online link to their financial institutions through Quicken is the next logical step in Intuit's vision of helping people make better, smarter financial decisions. Intuit is the only company to succeed at winning mass consumer adoption of PC financial technologies. It pioneered computerized personal finance management with the introduction of Quicken in 1984. Today, Quicken is the best selling software application in retail stores. Intuit's QuickBooks and QuickPay are the nation's best selling accounting and payroll software products. Intuit has led in online financial services, launching bill pay in 1990, Intellicharge credit card services in 1993 and Quicken Quotes, an online stock quote service in 1994. The company's popular TurboTax, and MacInTax software are the nation's best selling tax preparation software, helping small businesses and individuals prepare tax returns and save on taxes. Earlier in 1995, Intuit introduced a family of financial planning products to help people with future financial decisions: Quicken Financial Planner, Your Mutual Fund Selector and Quicken Parents' Guide to Money. CONTACT: Intuit Sheryl Ross, 415/329-3569 or CLS & Associates Bob McCarson, 202/289-5900 or Wilson McHenry Co. Julie McHenry/Lerry Wilson, 415/638-3400 xIntuit Inc./On-Line Banking -2-: To Begin This Fall NEW YORK -- Intuit Inc. (INTU) reached an agreement with 19 financial institutions to enable individuals and small businesses to bank, pay bills and perform other financial tasks online. The company said the online services will be performed through Intuit's Quicken personal finance software beginning this Fall. Intuit said the services will link to these institutions: American Express Co. (AXP); Bank of Boston Corp. (BKB); Centura Bank Inc. (CBC); Chemical Banking Corp. (CHL); Chase Manhattan Corp. (CMB); Compass Bancshares Inc.'s (CBSS) Compass Bank; CoreStates Bank; First Chicago Corp.'s (FNB) First National Bank of Chicago; First Interstate Bank; Home Savings of America; M&T Bank; Marquette Banks; Michigan National Corp's (MNCO) Michigan National Bank; Sanwa Bank California; Smith Barney; Texas Commerce Bank; Union Bank (UBNK); U.S. Bank and Wells Fargo & Co.'s (WFC) Wells Fargo Bank. The company said details on pricing, availability and information on how the service works will follow the availability of the next version of Quicken. However, it expects "the service to cost less and be easier to use than previous online banking services." Hot Stocks: TGEN INTU SYBS Targeted Genetics Raised $11.7M through the 4 5/8, Up 7/16 sale of 778,598 units at a 10.5% Gain price of $15 a unit. 28,700 Shares (TGEN) - - Intuit Inc. Reached an agreement with 19 88 1/2, Up 5 1/2 financial institutions to 6.6% Gain allow online banking. 447,800 Shares (INTU) - - Sybase Inc. Prudential Securities raised 31, Up 2 1/16 co. to "buy" from "hold;" 7.1% Gain The Wall Street Journal reported 3,211,500 Shares this morning that co. said (SYBS) earnings for the year will be below earlier projections of $1.25 a share; posted 2Q oper net 10c a share. {Compass Bank, Intuit Announce On-line Banking With Quicken BIRMINGHAM, Ala.--Compass Bank announced today it will become one of the first in the country to offer on-line computer banking through Intuit's Quicken, the world's most widely used financial software. Starting this fall, Compass customers will have the opportunity to use the new electronic service for banking 24 hours a day from home or office using Intuit's Quicken financial software. Compass customers who choose the service will be able to access their checking and savings accounts, pay bills, reconcile their accounts and transfer funds -- all at their own convenience from their homes or offices. According to Compass chairman and chief executive officer D. Paul Jones, Jr., "Compass is known for our innovative products and outstanding responsiveness in meeting our customer's banking needs. More and more of our customers are using computers in their homes and businesses, and we believe that in the near future personal computer banking |will become an important system for delivery of services." Intuit chairman Scott Cook added, "This is an ideal partnership. Compass is a company that is a leader in its commitment to innovation and customer service. At the same time, millions of Americans have entrusted Quicken to help them take control of their finances. Working together, Compass and Intuit will be able to deliver benefits to even more customers." Compass is one of only 20 leading financial institutions in the country to announce a partnership with Intuit today. Additional details including applications and fees will be announced by Compass closer to this fall's start-up date. Personal computer banking will then be added to Compass' other high-convenience financial services including Paymate telephone banking, debit and credit cards, 24-hour account access and a large ATM network. The Compass-Intuit partnership offers customers several unique advantages. It is the only service for both individuals and businesses. It is th}e first time that on-line banking has been available to financial software users on all leading operating systems. And, it provides the opportunity for an entire spectrum of services from routine finances to tax preparation to financial planning. "The relationship with Intuit follows our strategic plan of strengthening our position in the marketplace by providing our customers with the products they want at competitive prices," Compass' Jones said. "Intuit understands the way people interact with financial services and we have the resources to deliver those services." Compass Bank is a subsidiary of Compass Bancshares, a $9.7 billion bank holding company headquartered in Birmingham, Alabama, with 188 offices in Alabama, Florida and Texas. Ranked in the top 100 U.S. bank holding companies by asset size, Compass has enjoyed consistent growth and increased profitability during its 31-year history. Compass is among the top earners of its size based on return on equity and return on assets. In addition to being one of the higher performing banks in the country, Compass was cited as one of the nation's safest banks by U.S. Banker magazine ranking seventh among the top 100 bank holding companies. Compass reported record earnings of $52.1 million for the first six months of 1995, and has a capital base of $652 million. Shares of the company's common stock are traded through the NASDAQ national market system under the symbol CBSS. CONTACT: Compass Bancshares, Inc., Birmingham Ellen Laden, 205/933-3554 Marquette Banks And Intuit Form On-line Banking Alliance In a simultaneous and linked press conference in New York and San Francisco, Marquette Banks will announce that it will be one of the first banks in the country to offer on-line banking services to its customers via Intuit's Quicken software. WHEN: Today, Friday, July 14, 1995 at 12 noon EDT, 9 a.m. PST WHERE: Waldorf Astoria Empire Room 301 Park Avenue New York, NY AND Hyatt Burlingame, Regency Room 1333 Bayshore Highway Burlingame, CA Reporters may telephone into the press conference by dialing 800-260-0702. WHO: Leading the conference in New York will be Scott Cook, co-founder and chairman of Intuit. In San Francisco, the conference will be led by Bruce Burchfield, chairman and chief executive officer of Intuit Services Corporation, Intuit's financial services arm, and Bill Lane, chief financial officer of Intuit. Daniel J. Herbeck, president of Marquette Direct, the alternative banking division of Marquette, will be at the conference and may be reached by cellular phone by calling Spencer Putney at Marquette at 612-661-3944. CONTACT: Ann Maguire, 612-661-3945, Spencer Putney, 612-661-3944, or Siobahn Olson, 612-897-7651, all for Marquette Banks; or Sheryl Ross, 415-329-3569, Bob McCarson, 415-329-3098 or Julie McHenry, 415-638-3400, all for Intuit. /PRNewswire -- July 14 Marquette Banks And Intuit Form On-line Banking Alliance MINNEAPOLIS -- Marquette Banks, Minneapolis, today announced that it will be one of the first banks in the country to offer on-line banking services to its customers via Intuit's Quicken software. Quicken services will begin operation in the fall of 1995. Marquette currently offers on-line banking for individuals and small businesses through their personal computers using Microsoft(R) Money software. Marquette will be the first financial services provider in Minnesota to offer services via Quicken and one of only 20 financial institutions in the country to align itself with Intuit, including American Express, Bank of Boston, Centura Bank, Citibank, Chemical Bank, The Chase Manhattan Bank, Compass Bank, CoreStates Bank, First Chicago Bank, First Interstate Bank, Home Savings of America, M&T Bank, Michigan National Bank, Sanwa Bank California, Smith Barney, Texas Commerce Bank, Union Bank, U.S. Bank and Wells Fargo. "Virtually everyone who has a PC and uses financial software can now have direct access to their accounts at Marquette Banks," said Daniel J. Herbeck, president of Marquette Direct, the alternative banking division of Marquette. "We are extremely excited about our alliance with Intuit. Customers will love the 24-hour convenience, financial control and ease of use of this service. Marquette offers on-line banking in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa and Nebraska. If you have a PC, you have to try it." By using Quicken, Marquette customers will be able to gain instant access to their accounts to pay bills, download bank information, reconcile their accounts and transfer funds, all from the convenience of their homes or offices. It will be the first software to offer an integrated family of financial solutions, covering routine finances, investing, tax preparation, financial planning and business bookkeeping and payroll. For example, individuals will be able to download information into Quicken and then balance their checking accounts, plan their retirement with Quicken Financial Planner or prepare their tax return with TurboTax or MacInTax without re-entering the same data. Small business people will be able to download credit and charge card charges for travel and other business expenses into Quicken. Or they can complete their payroll with QuickPay and later reconcile it automatically with banking data downloaded into Quicken. This will also be the first time that banking on-line has been available to financial software users on all leading operating systems, including Windows(TM) 3.1, Windows(TM) 95 or the Macintosh operating system. Customers must have a Marquette checking or credit card account. Marquette will provide the basic software, free-of-charge, to subscribers. Intuit pioneered computerized personal finance management with the introduction of Quicken in 1984. Today, Quicken is the best-selling software application in retail stores. Intuit's QuickBooks and QuickPay are the nation's best-selling accounting and payroll software products. Intuit has led in electronic financial services, launching bill pay in 1992, Intellicharge credit card services in 1993 and Quicken quotes, an on-line stock quote service in 1994. The company's popular TurboTax and MacInTax software are the nation's best selling small business and tax preparers programs. In 1995 Intuit introduced a family of financial planning products to help people with future financial decisions: "Your Mutual Fund Selector," "Quicken Financial Planner" and "Quicken Parents' Guide to Money." The Marquette Banks are owned by Carl Pohlad and his family. As of March 31, 1995, the Marquette Banks had combined total assets of $1.2 billion, with 34 offices in 23 Minnesota communities. The Pohlads own banks in ten states with combined total assets of $4 billion, including the Marquette Banks. /EDITOR'S NOTE: A Businesd Summary and History of Marquette Banks is available upon request by calling Siobahn Olson, 612-897-7651/ /CONTACT: Ann Maguire, 612-661-3945, Spencer Putney, 612-661-3944, or Siobahn Olson, 612-897-7651, all for Marquette Banks; or Sheryl Ross, 415-329-3569, Bob McCarson, 415-329-3098 or Julie McHenry, 415-638-3400, all for Intuit/ Chemical Bank And Intuit Offer Personal Finance Software Package NEW YORK -- Continuing its strategy to offer customers a wide range of convenient choices, Chemical Bank today announced that it has entered an agreement with Intuit Inc. (Nasdaq-NNM: INTU) to offer its Quicken personal finance software package as one of the options available through "On Line Banking with Chemical." The new version of Quicken will be part of Chemical's recently announced comprehensive program incorporating new technology and service enhancements for pc banking. Beginning this fall, Quicken will be available from Chemical, along with Money for Windows '95 and an enhanced version of EXCEL, Chemical's proprietary home banking product. The new EXCEL will be "Windows-based," allowing customers to utilize the capabilities of the pc more easily. "We are excited to be joining with Intuit to give our customers another way of accessing and managing their personal finances," said Ronald A. Braco, senior vice president in charge of electronic banking at Chemical Bank. "Intuit gives customers the ability to have their banking information automatically downloaded from Chemical. This feature will make financial management through the pc much more user friendly." /CONTACT: Ellen Stuart of Chemical Bank, 212-270-2916/ Smith Barney To Be First National Brokerage Firm To Offer On-line Access To Quicken Personal Finance Software NEW YORK -- Smith Barney announced today that it has agreed in principle to become the first full-service brokerage firm in the U.S. to offer clients direct, on-line access to account and product-related information through Intuit's (Nasdaq-NNM: INTU) Quicken personal finance software starting this Fall. Smith Barney is the only securities firm participating with 18 other leading financial institutions -- including American Express, Chemical Bank and Wells Fargo -- in a landmark program that will eventually enable individuals and small businesses to perform a wide range of traditional banking, credit and charge card, and brokerage account functions through personal computers in the home or office. In making the announcement, James Dimon, who is Smith Barney's Chief Operating Officer and also President and COO of Travelers Group, stated that the Intuit relationship "is an important step toward our goal of becoming one of Wall Street's technology leaders. This strategic alliance with the largest provider of personal finance software will enable Smith Barney to offer our clients in all 50 states the convenience of immediate, electronic access to important financial information." Intuit's Quicken is currently the leading personal finance software, with more than 8 million users, which represents nearly 75% of the market for PC-based home banking services. In addition, Quicken has approximately 2.5 million business users. This Fall, Smith Barney plans to provide direct electronic access to information via Quicken to PC-equipped clients with Financial Management Accounts(SM) (FMA(R)), which is the firm's central asset brokerage account. The direct link will enable clients to download their account information from Smith Barney; thereby saving time, and avoiding data entry errors. Initially, services available to Smith Barney FMA clients will include: -- Bank on-line -- including review and reconciliation of cash and money fund balances, checks paid, ATM cash withdrawals, and credit card activity; -- Pay on-line -- set up bill-paying on-line. -- Personal Finance Interaction -- featuring a finance quiz to test investment knowledge (including an interactive 'Mutual Fund Marathon'). Smith Barney's future plans call for development of additional on-line services which will provide clients with broader access to their brokerage account information and other innovative applications. For more information on using Quicken personal finance software to gain access to Smith Barney's Financial Management Account information, investors should call 1-800-824-8824. "Our decision to be at the forefront of this emerging technology is based on market research and expressed client interest," according to Jay Mandelbaum, Executive Vice President in charge of retail marketing and client services at Smith Barney. A recent client survey* conducted by the firm showed that: -- more than half (53%) of Smith Barney's affluent clients have and use a PC in their home; -- many of those PC users also have a modem, which enables them to participate in on-line services; -- nearly half of those PC users run financial software. "By combining experienced, trusted financial consultants and leading-edge technology, and by offering this time-saving convenience, we hope to provide Smith Barney clients with the industry's highest level of service," Mandelbaum said. The Smith Barney/Intuit, Inc. partnership is not the first venture involving a Travelers Group company. Travelers Bank -- another operating unit of Travelers Group -- is the exclusive issuer of the Quicken Credit Card, specifically intended for Quicken software customers. The two companies are expected to reach a definitive agreement shortly. Smith Barney's 11,000 financial consultants, located in nearly 500 offices across the United States, service over 4 million client accounts representing more than $380 billion in assets. The firm provides a full range of investment products, including stocks, bonds, CDs, mutual funds, IRAs and annuities. Smith Barney is a wholly owned subsidiary of Travelers Group (NYSE: TRV), one of the nation's largest diversified financial services companies, with more than $115 billion in assets. Through its operating subsidiaries -- Smith Barney, Travelers Insurance Companies, Commercial Credit and Primerica Financial Services -- the company provides investment and consumer finance services, as well as a broad range of life and property and casualty insurance. * Smith Barney surveyed a random national group of 511 Affluent Smith Barney Clients. Investors were interviewed via telephone from November through December 1994. Investors had a minimum of $50,000 in liquid assets and $20,000 invested with brokerage firms and/or mutual fund companies. /CONTACT: Sally Cates, 212-723-9535, or Gordon G. Andrew, 212-816-8853, both of Smith Barney/ k23m$ Smith Barney To Be First National Brokerage Firm To Offer On-line...ess33m$ DJIN Video At 12:10PM: Intuit News Conf With Chmn Cook43m$ Centura Announces Partnership With Intuit Inc. To Offer On-line...king 53m$! Sanwa Bank Becomes One Of First In U.s. To Form Alliances With Intuit...563m$! Bank of Boston expands on-line home banking options to include...icken"73m$" Corestates Bank Joins Intuit To Offer Personal Computer Banking...ked T 83m$ Intuit Says Recurring Revs From Bank Deal Several Yrs Out993m$" Intuit Sees 30% Annual Rev Growth Including Bank Deal5:3m$9 Home Savings Of America Partners With Intuit To Offer On-line Banking...@;3m$Intuit Rev Growth -2-: Banks See New CustomersDJIN Video At 12:10PM: Intuit News Conf With Chmn Cook Intuit Inc. (INTU) holds news conference to announce development with online financial services, with Chairman Scott Cook. Time is EDT and subject to change. The Dow Jones Investor Network (DJIN) is a separate video news product available by subscription from Dow Jones & Co. An audio-only simulcast of DJIN is available for a fee by dialing (800) 755-9461, for U.S. callers, or (800) 305-7120, for Canadian callers. For information on DJIN, call (212) 416-4475. Centura Announces Partnership With Intuit Inc. To Offer On-line Banking Services ROCKY MOUNT, N.C. -- Centura (NYSE: CBC) is the only bank in North Carolina to offer on-line banking and bill-paying through Quicken, the country's leading personal-finance software. The alliance with Intuit Inc. will enable Centura customers to automatically download their current bank account information, pay bills and transfer money electronically on their home computer using Quicken. The service is expected to be available beginning this fall. "Intuit is the national leader in creating computer software that helps consumers manage their money," said Cecil Sewell, president of Centura. "Partnering with Intuit demonstrates Centura's commitment to being the leader in North Carolina and the Southeast in helping our customers do more with their money." He said that the partnership with Intuit is a natural fit because both companies believe computer-driven services will play a crucial part in the bank of the future. "Together, we will be able to give our customers more insight into their finances while offering choices that save them time and money," said Sewell. Centura is one of only two banks in the Southeast and 20 banks nationally to go on-line with Quicken, which has more than 8 million users in the United States. "We are thrilled to be working with Centura, an institution that shares our commitment to innovation and customer service and is a clear leader in its field," said Intuit Chairman Scott Cook. "Millions of Americans have entrusted Quicken to help them take control of their finances and make smarter financial decisions. Together with Centura we can deliver even more benefits to even more customers," he said. Last month Centura became the only bank in North Carolina to team up with Microsoft to offer on-line banking and bill paying through Microsoft(R) Money(TM) personal finance software. With on-line banking, Quicken and Microsoft Money customers enjoy 24-hour access to services such as checking, savings, credit cards and credit lines. With the push of a button Centura customers will be able to download their bank data. Quicken and Microsoft Money will then turn it into complete and organized financial records. On-line banking with these services will help customers make better decisions by providing financial guidance that is personalized to the individual customer. Quicken accounts for 70 percent of the nation's rapidly growing personal- finance software market. The Centura-Intuit relationship offers customers a unique range of capabilities. This is the first time that on-line banking has been available to financial software users on all leading operating systems - - Windows 3.1, Windows 95 or the Macintosh operating system. Intuit, which pioneered computerized personal finance management with Quicken, also makes QuickBooks and QuickPay, the nation's best selling small business accounting and payroll products. The company's TurboTax and MacInTax software are the nation's best selling software for small businesses and professional tax preparers to prepare tax returns and save on taxes with 2.5 million users. Details on pricing, availability and how the service will work will be available when the next version of Quicken is announced. With assets of $4.9 billion, Centura offers a full range of banking, investments and insurance services to individuals and businesses throughout North Carolina. /CONTACT: A Douglas Haynes of Centura Bank, 919-977-8429; or Sheryl Ross of Intuit, 415-329-3569/ Sanwa Bank Becomes One Of First In U.s. To Form Alliances With Intuit And Microsoft To Offer On-line Home Banking Services LOS ANGELES -- Sanwa Bank California today said it has become one of the first banks in the United States to form alliances with two software giants, Microsoft Corp. (Nasdaq-NNM: MSFT) and Intuit Inc. (Nasdaq-NNM: INTU), to offer customers a broad range of on-line home banking and financial services from the comfort of their homes or offices. Customers who wish to participate in the service will be supplied with either Intuit's Quicken or Microsoft's Money (to be available in Windows '95), the popular software programs that feature a host of personal financial services including Sanwa's home banking option. The service is expected to be available to Sanwa customers in October. "These relationships create another banking option for our current and prospective customers who wish to use their personal computers to transact banking business," said Sanwa's Gene Galloway, executive vice president for Retail Banking. "It also represents another step forward in our desire to provide state-of-the-art products and services to our current and future customers." In addition to on-line banking, Sanwa customers will be able to access a host of personal financial management options available including financial planning, budgeting, stock quotes, investment tracking and report generation. According to Galloway, bank customers who subscribe to the new home banking service will find Sanwa's programs to be among the most user-friendly of all financial planning software products. The service will give Sanwa customers 24-hour access to such services as checking, savings, credit cards and lines of credit. "Deposits, paper checks and electronic withdrawals on the account will be automatic and will eliminate the need to manually record each transaction," said Galloway. "And, the program is easy to use because it is a point-and-click Windows or Macintosh program." Further information about Sanwa's home banking service is available from any of the bank's 110 branches and offices throughout California, or by calling the bank's toll-free information line at 800-23-SANWA. With $8.1 billion in assets, Sanwa California is the fifth-largest bank in the state and a subsidiary of The Sanwa Bank Ltd. of Japan, the world's largest bank*. * American Banker annual rankings, based on total assets, June 29, 1995. Sanwa Bank California PC Homebanking Questions & Answers Q. What is PC Homebanking? A. Sanwa Bank will join some of the largest financial institutions in the United States this fall in offering a new personal computer-based home banking system. Scheduled for unveiling in October, Sanwa's "Banking To Go" program will make it possible for customers to use their personal computers to transact a broad range of banking and financial services in the comfort of their own homes. Q. How does it work? A. Customers wishing to participate in the service can choose between two powerful financial software packages: Quicken(R), the popular program offered by Intuit, and Microsoft Money(R), a new program offered by Microsoft. Both software firms are Sanwa's partners in the home banking venture. Along with the software, customers need their own personal computer and a modem. They then can connect to a wide range of banking choices, including electronic bill paying, automatic statement balancing and account transfers, plus personal financial management options such as financial planning, budgeting, stock quotes and investment tracking. "These choices give our customers the opportunity to bank when, where and how they want," says Gene Galloway, Sanwa executive vice president. "Customers will be able to send a birthday check to a cousin, for example, by filling in a form on their computer screens and then authorizing it to be sent. Paper checks such as this, deposits and electronic withdrawals will be recorded automatically, thus eliminating the need to manually record each transaction." Q. When can I use the system? A. Access to the service will be available 24 hours a day, so customers can bank whenever and wherever they wish. Q. Why is Sanwa starting this program? A. Home banking offers more service to our customers, enabling Sanwa to remain competitive and grow its account base, retaining existing customers while attracting new ones. Participation also keeps Sanwa on the leading edge in providing banking services. There are about 20 other financial institutions that will provide this home banking option, including some of the largest banks in the United States. Q. When will it be available? A. The program has just been announced and will be available to customers in October. Q. How much will it cost? A. Final costs will be determined and announced soon. They are expected to be about $10 a month, covering a set number of bill payments plus a number of home banking sessions. During one of these sessions a customer could perform such transactions as reconciling checks, balancing a statement and tracking payments. Q. What are the advantages for customers? A. In addition to the unparalleled convenience of being able to conduct banking transactions at any time from home, customers will be able to avoid the expense of buying stamps and envelopes for checks and having to leave the house to mail them. Customers also can set up fixed payments, such as mortgage bills, so they will be paid automatically and on time, with no worries about lost checks or late payments. Q. Can customers use their current software? A. Existing versions of Quicken(R) and Money(R) can be used by customers. If they are not available, Sanwa will provide software at reduced cost. /NOTE TO EDITORS: Sanwa Bank press releases are available at no charge through PR Newswire's Company News On-Call fax service. For a menu of available Sanwa Bank press releases or to retrieve a specific release, call 800-758-5804, ext. 774363./ /CONTACT: Keith H. Karpe, VP/Public Relations Manager of Sanwa Bank, 213-896-7291 or 213-200-2290/ Bank of Boston expands on-line home banking options to include "Quicken" -- the market leader in personal financial software; Will be first New England-based bank to offer on-line banking and bill payment services through Quicken and Microsoft Money for Windows 95 BOSTON, Mass.--At a news conference in New York today, Bank of Boston Corp. announced that beginning in the fall of 1995, customers of Bank of Boston and its New England affiliates will have access to on-line home banking and bill payment services through Intuit's Quicken 5.0 personal finance software. Just last Monday, the bank announced it will be the first New England bank to offer on-line banking and bill payment services through Microsoft Corp.'s Money for Windows 95. Taken together -- between Intuit and Microsoft -- Bank of Boston's on-line home banking services will be available to 90 percent of all current users of personal financial software. "Our commitment to be the first bank in New England to offer customers on-line banking services is a very significant development, but it's just the latest in a number of strategic steps we've taken to expand our Personal Banking services," explained Ira Stepanian, chairman and CEO of Bank of Boston. "Over the past two years, our personal banking activities -- including our retail, consumer lending, mortgage and private banking businesses -- have grown dramatically, now contributing more than 25 percent of our growing revenues. With the investments that we're making to provide better service to our retail customers clearly paying off, we are committed to providing the same level of product innovation and leadership for Personal Banking as we have for what have been our traditional strengths -- global and corporate banking services." Bank of Boston's personal banking expansion has been accomplished through several initiatives -- the most recent of which was announced just four days ago when the bank disclosed that it is working with Microsoft Corp. to offer on-line banking services. Other developments include the introduction of automated teller machines (ATMs) to such non-traditional locations as Wal-Mart stores and McDonald's restaurants and the opening of full-service branches in supermarkets. Bank of Boston also provides sales and service support to its New England customers via telephone -- 24-hours a day, seven days a week, every day of the year. Additional toll free lines are dedicated to small business customers throughout Southern New England and to Spanish-speaking customers as well. "Our decision to offer home banking was based on an ongoing commitment to increase customer options for convenient access to banking services," said Bank of Boston Vice Chairman Edward O'Neal. "Adding access to on-line banking and bill payment services -- through Quicken 5.0 -- to our previously announced relationship with Microsoft means we have a home-banking applications for 90 percent of personal finance software users and a service available for a variety of operating systems. And, with the addition of on-line banking services and the rapid growth of PCs in the home, we anticipate the use of personal finance software to increase dramatically over the coming years." With a personal computer, modem and Quicken 5.0, Bank of Boston customers will be able to check information on their accounts, transfer funds between accounts and order checks and other transaction histories. Using Quicken 5.0, they will also be able to make payments electronically to merchants, schedule payments as far as 60 days in advance and establish automatic or recurring payments. With more than eight million users in the United States, Quicken is the first program designed for financial software users on all the leading operating systems -- Windows 3.1, Windows 95 and Macintosh. With its principal retail operations in Massachusetts, Connecticut and Rhode Island, Bank of Boston maintains 500 offices nationwide for the delivery of personal banking services to more than two million retail customers. Including its supermarket branches, it has 267 full-service branches in Southern New England, as well as a proprietary network of 374 ATMs. Nationwide, through an additional 250 Bank of Boston stores, the bank provides consumer finance, mortgage and personal banking products and services. Bank of Boston customers have access to more than 100,000 ATMs through NYCE, Yankee and Plus worldwide partnerships. It is the number one small business lender in Massachusetts and has over 54,000 small business customers in Southern New England. Bank of Boston Corp. (NYSE:BKB) is the first chartered bank in the United States and, with $43.5 billion in assets as of March 31, 1995, one of the top 20 banks in the nation. New England's only global bank, Bank of Boston offers comprehensive personal, corporate and global banking through a network of 500 offices across the United States and through more than 100 offices in 23 countries around the world, the third-largest overseas network of any U.S. bank. The corporation's common and preferred stocks are listed on the New York and Boston stock exchanges. CONTACT: Bank of Boston Karen Schwartzman, 617/434-7594 Corestates Bank Joins Intuit To Offer Personal Computer Banking Linked To Quicken PHILADELPHIA --CoreStates Bank today announced that it has joined with Intuit as the first bank in its regional market to offer personal computer banking tied to Quicken, the world's most widely used financial software. The service will be introduced this fall as part of CoreStates Direct, a broad array of choices CoreStates is creating to give its customers greater ability to do their banking at times and places most convenient to them. It will provide for linking up-to-date information about their CoreStates accounts directly with Quicken software in customers' desktop or portable computers anywhere. Customers will be able to get account details, reconcile accounts, transfer funds and perform other types of transactions through the service. CoreStates said it will charge no bank fees for the service, which will be based on a new version of Quicken to be introduced in the fall. Details on availability and how the service works will be available when the new version is introduced. "We are delighted to be the first to introduce on-line banking through Quicken to our regional markets," said Rosemarie B. Greco, president and chief executive officer of CoreStates Bank. "Quicken's proven popularity with individuals, families and small businesses makes it an ideal addition to the choices in CoreStates Direct." Said Scott Cook, chairman of Intuit, "We are thrilled to be working with CoreStates Bank, an institution that shares our commitment to innovation and customer service and is a clear leader in its region. Millions of Americans have entrusted Quicken to help them take control of their finances and make smarter financial decisions. Together with CoreStates Bank we will be able to deliver even more benefits to even more customers." Quicken has eight million current users and nearly 80 percent of the market for personal financial software. Quicken and Microsoft Money, the second leading personal financial software product, together have about 90 per cent of the market, which is expected to grow rapidly given the current boom in home computer sales. CoreStates previously announced that it will offer personal computer banking linked to Microsoft Money for Windows 95 beginning this fall. The bank estimates that nearly a half million current users of the two products live in its primary market area in eastern and central Pennsylvania, New Jersey and Delaware. CoreStates was one of 20 banks nationwide, and the only one in its regional market, that today announced personal computer banking services based on Quicken. The Quicken-based service actually will enable customers to tie their banking information directly into not only the basic Quicken software, but also related Intuit products such as Quicken Financial Planner, a retirement planning product, and TurboTax or MacInTax, Intuit's software for preparing tax returns. The Quicken service will be available for the leading personal computer operating systems -- Windows 3.1, Windows 95 or the Macintosh operating system. It will also be available with Quicken's small business financial management software. /CONTACT: Gary Brooten, or Linda Stryker, 215-973-3546, both of CoreStates, or Sheryl Ross of Intuit, 415-329-3569/ Intuit Says Recurring Revs From Bank Deal Several Yrs OutIntuit Sees 30% Annual Rev Growth Including Bank DealHome Savings Of America Partners With Intuit To Offer On-line Banking To Its Customers IRWINDALE, Calif. -- Home Savings of America, the principal subsidiary of H.F. Ahmanson & Company (NYSE: AHM) and the nation's largest savings institution, is one of the first financial institutions in the country to team up with Intuit to offer on-line banking to its customers this fall. This new electronic service will enable customers to bank with Home Savings 24 hours a day from their home or office using Intuit's Quicken financial software, the most widely used financial software in the world. "By making Quicken available, we will be able to serve our customers in new and better ways," says E. Nancy Markle, executive vice president and director of Information Services at Ahmanson and Home Savings. "Being able to bank with us at any time, from any location will not only save time but help customers make better financial decisions." "We are excited to be working with Home Savings of America, an institution that shares our commitment to innovation and customer service and is a clear leader in its field," said Intuit Chairman Scott Cook. "Millions of Americans have entrusted Quicken to help them take control of their finances and make smarter financial decisions. Together with Home Savings we will be able to deliver even more benefits to even more customers," he added. With more than eight million users in the United States, Quicken has eight times more users than any other personal finance software. Customers who use the next version of Quicken, scheduled for Fall shipment will be able to pay bills, download bank information, reconcile their accounts and transfer funds whenever they want from any location using a personal computer. Home Savings and Intuit said details on pricing, availability and how the service will work will be available when the next version of Quicken is announced. However, they said that the service is expected to cost less and be easier to use than previous electronic banking services. Home Savings' partnership with Intuit offers customers a unique range of capabilities. This is the first time that on-line banking has been available to financial software users on all leading operations systems -- Windows 3.1, Windows 95 or the Macintosh operating system. It is the only on-line banking service that provides consumers with the power of an integrated family of financial solutions: covering routine finances, investing, tax preparation, financial planning and business bookkeeping and payroll. "Our partnership with Intuit gives Home Savings an opportunity to enhance our relationship with customers, to maintain our leadership position in the market and to continue to provide the convenience and quality products that our customers expect," said Markle. By introducing Quicken in 1985, Intuit pioneered computerized personal finance management. Today it is the best selling software application in retail stores. Home Savings of America is the nation's largest savings institution and one of the country's largest home mortgage lenders. It serves more than 2.5 million customers through its 358 retail offices in five states and 111 mortgage lending offices in 11 states. Additional information about H.F. Ahmanson & Company and Home Savings of America can be retrieved free of charge using the following services:\ Internet: invest.quest.columbus.oh.us, Fax-on-Demand: 614-844-3860, or On-line BBS: 614-844-3868. /NOTE TO EDITORS: H.F. Ahmanson press releases are available at no charge through PR Newswire's Company News On-Call fax service. For a menu of available H.F. Ahmanson press releases or to retrieve a specific release, call 800-758-5804, ext. 390044./ /CONTACT: Media Contact: Mary Trigg, 818-814-7922, or Investor Contact: Steve Swartz, 818-814-7986, both of Home Savings of America/ Intuit Rev Growth -2-: Banks See New Customers NEW YORK -- Intuit Inc. (INTU) said it doesn't project a recurring stream of revenues from its on-line plans with 19 banks for several years. The company added, however, that it projects 30% annual revenue growth, which includes the arrangement to offer on-line banking and financial services with institutions such as Chase Manhattan Corp. (CMB), Chemical Banking Corp. (CHL) and Smith Barney. During a press conference today, Intuit said it expected its investment in the service, which will begin this fall, would exceed revenues from the service possibly for two years. Intuit Chairman Scott Cook said the 30% revenue growth projection had originally been given to investors before the deal was announced, but included knowledge of the deal. Companies have found themselves attracted to the on-line financial services market over the prospect of receiving recurring revenues, or fees that would come from transactions. Other revenues might be expected, such as from the sale of software. Intuit said that stream of recurring revenues isn't expected for several years, . Intuit shares were up 4, or 4.8%, at 87 on Nasdaq volume of 1.3 million. Average daily volume is 480,300. For their part, banks involved in the arrangement said they would derive a variety of benefits. Some said the service would provide profits, while others said it would attract new customers and retain existing ones. =Microsoft Money Software Receives Support From 17 Banks By Mark Boslet Dow Jones Staff Reporter NEW YORK -- Microsoft Corp. (MSFT) has secured strong backing for the new version of its Money software in an effort to forge a presence in the on-line financial services market. The software, Money for Windows 95, is due out this fall and is designed with the assumption that consumers will be doing financial transactions on-line, said Matt Cone, manager of business development. The software focuses on the tasks most commonly done on-line: paying bills, balancing accounts and reviewing records, Cone said. It has received the backing of 17 prominent banks, including most of those that announced today they have struck an arrangement to offer on-line banking through software maker Intuit Inc. (INTU). Intuit makes rival Quicken financial software. On Microsoft's list are: Chase Manhattan Corp. (CMB); Bank of Boston Corp. (BKB); Centura Banks Inc. (CBC); Chemical Banking Corp. (CHL); CoreStates Financial Corp.'s (CFL) CoreStates Bank; M&T Bank; Compass Bancshares Inc.'s (CBSS) Compass Bank; First Chicago Corp.'s (FNB) First National Bank of Chicago; Marquette Banks; Michigan National Corp.'s (MNCO) Michigan National Bank; Texas Commerce Bank; First Interstate Bank; H.F. Ahmanson & Co.'s (AHM) Home Savings of America; Sanwa Bank California; U.S. Bank; and Wells Fargo & Co.'s (WFC) Wells Fargo Bank. Cone said the banks will allow customers to conduct on-line banking using Money software. He said Microsoft doesn't yet have plans to offer on-line financial services through its Microsoft Network. This morning, Intuit, which Microsoft at one time sought to buy, announced it would conduct on-line banking and financial services with 19 institutions. But analysts said this not-well-penetrated market has room for a variety of competitors, Microsoft included. Cone said Microsoft's new version of Money is targeted toward new users, which he said make up about 70% of the potential market. <3m$=Microsoft Money Software Receives Support From 17 Banks=3m$ Wells Fargo will offer banking through Quicken>3m$Recap Of DJIN Broadcast Schedule For July 14 ?3q$ Netscape Unveils Pdt To Secure Fincl Data On Internet5@3t$Intuit Inc. Declares 2-For-1 Stock SplitA3t$5Intuit Announces Two-for-one Stock Split6B3w$ Intuit Introduces A Breakthrough In Small Business Management...tware;  $ @Lands' End Names M. Nordloh To Run Its Monthly Catalogs $4 @Lands' End Announces Executive ChangesY~ $@Girl's Death -2-: Playground Equipment Holds Dangers Wells Fargo will offer banking through Quicken SAN FRANCISCO--Wells Fargo confirmed today that it will offer customers on-line access to their accounts through Intuit's Quicken personal finance software as soon as the new version is available this Fall. The direct electronic link to Wells Fargo through Quicken will give customers a fast, easy way to complete their banking business. "We look forward to providing on-line services to the growing number of bank customers who use Quicken software in managing their financial affairs," said Gailyn Johnson, Wells Fargo senior vice president and manager of on-line financial services. The Intuit relationship is part of the bank's ongoing strategy of giving customers their choice of ways to bank with Wells Fargo. Wells Fargo has offered PC banking since 1989 with customers connecting by modem through Prodigy or directly to the bank through Wells Fargo proprietary software. Both services provide banking functions for checking, savings, credit card and most lines of credit accounts, as well as access to Wells Fargo's proprietary mutual funds and unlimited bill payment. Last May, Wells Fargo became the first bank in the nation to give customers Internet access to the current balances in their checking, savings, lines of credit and credit card accounts as well as information about checking and savings account histories. CONTACT: Wells Fargo, San Francisco Lorna Doubet, 415/396-3606 Recap Of DJIN Broadcast Schedule For July 14 The following is a summary of broadcasts that appeared today on the Dow Jones Investor Network. 7:30 a.m. LIVE (London) - European news and markets update and the outlook for today's U.S. markets. (10 min) 8:00 a.m. EXCLUSIVE (London) - Interview with Sudhir Junankar, associate director of the Confederation of British Industry, on the group's June distributive trades survey. (10 min) 8:30 a.m. LIVE (Washington) - Commerce Dept. releases June retail sales data and the Labor Dept. releases the June consumer price index. (5 min) 9:15 a.m. LIVE (Washington) - Fed releases industrial production and capacity utilization data for June. (5 min, audio only) 9:30 a.m. EXCLUSIVE (Washington) - Interview with Commerce Undersecretary Everett Ehrlich on today's retail sales report. (10 min) 10:15 a.m. LIVE (New York) - Interview with Offshore Systems (OSI) Chairman Emeritus Helmut Lanziner. (20 min) 10:45 a.m. LIVE (Chicago) - Bank of Mexico Vice Gov. Francisco Gil Diaz gives an update on the country's finances at a Managed Futures Association conference. (1 hour) 12:00 p.m. LIVE (New York) - Intuit Inc. (INTU) holds news conference to announce development with on-line financial services, with Chairman Scott Cook. (1 hour) 1:30 p.m. LIVE (Washington) - Interview with North American Vaccine (NVX) President Sharon Mates. (20 min) 2:00 p.m. EXCLUSIVE (Washington) - Interview with Gordon Richards, chief economist of the National Association of Manufacturers, on the industrial production data. (15 min) 2:30 p.m. EXCLUSIVE (Los Angeles) - Interview with Charlotte Chamberlain, VP of Wedbush Morgan Securities, on the outlook for the California economy and the cost of the Northridge earthquake. (15 min) 3:00 p.m. EXCLUSIVE (Paris) - Interview with Jean Saint Geours, president of the French Securities Commission. (16 min) 4:00 p.m. LIVE (Atlantic City, NJ) - Mirage Resorts (MIR) Chairman Stephen Wynn holds news conference with Circus Circus (CIR) Chairman to discuss a proposed 170-acre Atlantic City development. (45 min) 5:00 p.m. (Paris) - International Organization of Securities Commissions news conference following its annual meeting. recorded yesterday. (1 hour) The Dow Jones Investor Network (DJIN) is a separate video news product available by subscription from Dow Jones & Co. For information, call (212) 416-4475. Netscape Unveils Pdt To Secure Fincl Data On Internetq$ $t$t$5w$ D~$%d~$%~$%$$- %$&%$-d$& %D$+ %$%$%d$9N$;$d$ $$ $ $$3t$3t$53w$ D3~$%d3~$%3~$%$3$- %3$&%3$& %D3$+ %3$%3$%d3$9N3$ $3$ 3$7 d3$ 3$d3$3 3$3$D3$3$ 3$$ l$$ l$D $-d $; $d $4  Intuit Inc. Declares 2-For-1 Stock Split The dividend is payable to stockholders of record as of Aug. 4. Distribution of additional shares issued as part of the dividend is expected to occur about Aug. 21. Intuit Announces Two-for-one Stock Split MENLO PARK, Calif.--Intuit Inc. (NASDAQ:INTU) announced today that a two-for-one stock split would be effected in the form of a common stock dividend, payable to the corporation's stockholders of record as of August 4, 1995. Intuit stockholders of record at the close of business on August 4, 1995 will receive stock certificates representing one additional share of Intuit Common Stock for each share of Common Stock then held. Distribution of additional shares issued as part of the dividend is expect to occur on or about August 21, 1995. Intuit, based in Menlo Park, California, offers a complete family of financial products. Called the Quicken Financial Solutions, these products are aimed at not only helping people manage finances faster and easier, but also helping people make better, smarter financial decisions. Intuit is the only company to succeed at winning mass consumer adoption of PC financial technologies. It pioneered computerized personal finance management with the introduction of Quicken in 1984. Today, Quicken is the best selling software application in retail stores. Intuit's QuickBooks and QuickPay are the nation's best selling accounting and payroll software products. Intuit has led in on-line services, launching bill pay in 1990, IntelliCharge credit card services in 1993 and Quicken Quotes, an on-line stock quote service in 1994. Additional automation of finances is provided by Quicken Visa, Bank-On-Line and Pay-On-Line. The company's popular TurboTax, Personal Tax Edge, MacInTax and ProSeries software are the nation's best selling tax preparation software, helping small businesses, individuals and professional tax preparers to prepare their own and clients' tax returns and save on taxes. Earlier in 1995, Intuit introduced new financial planning products to help people with future financial decisions: Quicken Family Lawyer, Quicken Financial Planner, Your Mutual Fund Selector, and Parents' Guide to Money. CONTACT: Intuit Inc. William H. Lane, 415/329-3555 Intuit Introduces A Breakthrough In Small Business Management Software; the fastest, easiest way to track projects and manage your business! MENLO PARK, Calif.--Intuit Inc. (NASDAQ: INTU) today introduced QuickBooks Pro(TM) for Windows and Macintosh, the first mainstream small business accounting product that integrates time tracking, estimating and job costing with accounting and payroll. QuickBooks Pro saves time and gives businesses the information they need to improve their bottom lines. "The era of one-size-fits-all accounting software is rapidly coming to a close," said Scott Cook, chairman and co-founder of Intuit. "QuickBooks Pro is a breakthrough for 40% of all small business. These businesses -- business like subcontractors, graphic designers, consultants and accountants to name a few -- need to track time, prepare estimates or perform job cost analyses for customers, projects and jobs. QuickBooks Pro integrates all of these functions with accounting and payroll so consumers only have to input information once and their data flows seamlessly from one activity to the next. They can then generate reports that show profitability by employee, project, activity and more. Before today, consumers could only get this functionality in industry-specific accounting systems that cost thousands of dollars." QuickBooks Pro addresses the needs of 8 million small businesses in the U.S. that are project, job or time based. Most of these businesses use manual or general purpose software systems (including spreadsheets, word processors and even scratch paper) to do time tracking and estimating. Since these systems are not integrated with their accounting program, users waste time and money re-typing information and not getting the reports they need to improve their businesses' profitability. The First Integrated, All-in-One Solution for Project, Job and Time Based Businesses By integrating time tracking, estimating, job costing, accounting and payroll, data flows seamlessly throughout QuickBooks Pro. Customers never have to enter the same information twice and they have instant access to important business information. o Integrated time tracking is fast and flexible. Users just type the time they spend on projects, jobs and specific activities once and all the appropriate accounting and payroll records are updated automatically. Users can enter their time information on individual entry or weekly entry time sheets -- they choose the way that works best for them. Users assign time to particular jobs and customers, and later bill those hours back to the customer with a few simple mouseclicks. When they pay their employees, all the time information appears in the employee's paycheck preview -- the data flows seamlessly through QuickBooks Pro so they only have to input information once. o Users can prepare estimates for jobs and projects. Creating estimates in QuickBooks Pro is just as easy as writing checks and invoices in QuickBooks. Users just start typing and QuickFill completes the rest of the customer, vendor and item names for them. When it's time to bill the customer, users generate an invoice from the estimate with a mouseclick, and all the information is automatically filled out. Customers can edit the invoice by removing or adding any items, and the original estimate is not affected by any changes they make to the invoice. o Project and job costing is as easy as clicking a mouse. Important information that can help users make their businesses more profitable is finally at their fingertips! Eleven customizable project reports show users exactly which products, services and employees generate the most or least profit. With QuickBooks Pro, users save time and gain a wealth of accurate, centralized information on individual projects and their entire business. o Complete accounting and payroll. QuickBooks Pro also has the same easy-to-use interface and all the features of QuickBooks, the No. 1 selling and easiest-to-use small business accounting product. Users can do invoicing, bill paying, check printing, accounts receivable, accounts payable, payroll, financial reports and graphs, inventory tracking, purchase orders, tax record keeping, audit trail, bank balance tracking and reconciliation, cash management, budgeting, tracking customer and vendor information, and much more. QuickBooks Pro is the only mainstream accounting program with integrated estimating, time tracking, job costing and payroll. Pricing and Availability QuickBooks Pro for Windows and Macintosh will be available at major chain and independent software retailers in early August of 1995. The street price will be $189. QuickBooks and Quicken users will get a $50 rebate. Requirements and Compatibility QuickBooks Pro for Windows requires an IBM compatible 386 (or higher) PC, 4MB of RAM, a hard drive with 15MB free, Windows 3.1 and a VGA or higher resolution monitor. Users of Quicken and users of all previous versions of QuickBooks for DOS and Windows can import their files directly into QuickBooks Pro for Windows during start-up. QuickBooks Pro for Macintosh requires Macintosh System 7.0 or higher with a 68020 processor or faster, at least 6MB of RAM, and a hard drive with 15MB free disk space. Monitor requirements: resolution of 640x400 or better, including PowerBook displays, 12 inch or larger black and white monitors and 14 inch or larger color monitors. Users of Quicken and QuickBooks 3.0 for Macintosh can import their files directly into QuickBooks Pro for Macintosh during start-up. About Intuit Intuit, Inc., based in Menlo Park, Calif., is the leading developer of personal finance, small business accounting and tax preparation software. The company develops and markets software products and services that enable individuals and small businesses to automate commonly performed financial tasks. Intuit's Quicken, QuickBooks, and QuickPay products allow users to manage their personal and small business finances. The company's popular TurboTax, Personal Tax Edge, MacInTax and ProSeries software enable consumers, small businesses and professional tax preparers to prepare their own and their clients' tax returns. Products such as It's Legal and Your Mutual Fund Selector provide information for plans and decisions. Intuit also provides supplies and services, such as the Quicken Visa card with IntelliCharge, Bank On-Line and Pay On-Line to further automate finances. Note to Editors: Intuit, It's Legal, Personal Tax Edge, Quicken, QuickBooks, TurboTax and MacInTax are trademarks of Intuit Inc. registered with the U.S. Patent and Trademark Office. QuickBooks Pro, ProSeries, QuickPay, Your Mutual Fund Selector, IntelliCharge Bank On-Line and Pay On-Line are trademarks of Intuit Inc. Visa is a registered trademark of Visa International, Inc. CONTACT: Intuit Inc., Menlo Park Dan Nye/Debra Kelley, 415/833-6567 / 415/833-6538 or Wilson McHenry Company, San Mateo Liz Einbinder, 415/638-3400 Lands' End Names M. Nordloh To Run Its Monthly Catalogs From The Wall Street Journal DODGEVILLE, Wis. -- Lands' End Inc., in a move to turn around disappointing sales in its core catalog business, named Mary Nordloh vice president and creative director in charge of monthly catalogs for the maker of casual wear. Mrs. Nordloh, 56 years old, succeeds Al Shackelford, 44, who was named to the newly created position of creative director for acquisition and development. Mrs. Nordloh was previously creative director for Coming Home, the company's successful bed and bath catalog. President and Chief Executive Michael J. Smith said the management changes are a move to strengthen under-performing catalogs. Mr. Smith also said Richard C. Anderson, Lands' End's former president and CEO, agreed to lengthen his term as a consultant to help direct the company's merchandising and creative efforts. The catalog retailer had a disappointing first half of fiscal 1996, resulting from flat sales at core catalogs as well as increased postal rates and paper costs. Net income dropped 50% in the second quarter ended July 28 to $1.7 million, or five cents a share, from $3.4 million or 10 cents a share a year ago. Earnings for the first six months plunged 64% to $3 million, or nine cents a share, from $8.3 million, or 23 cents a share, a year earlier. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"Lands' End Announces Executive Changes DODGEVILLE, Wis. -- Lands' End, Inc. (NYSE: LE), today announced that Mary Nordloh has been elected vice president and creative director for the direct merchant clothing company. She replaces Al Shackelford who has been named creative director for customer acquisition and development, a new position. Former president and chief executive officer Richard C. Anderson accepts an expanded consulting assignment in the company's creative and merchandising areas. In making the announcement, president and chief executive officer Michael J. Smith said, "As we have reported, our core and monthly catalogs have produced disappointing sales, and our prospecting catalogs have underperformed. These changes are a move to strengthen those areas. "Mary has been creative director for Coming Home, our specialty catalog focusing on products for bed and bath, since its inception in 1989. In her new position, Mary will be responsible for the creative development and execution of the monthly catalogs. "In addition, I have personally asked Dick Anderson, our former president and CEO, to devote additional time in his role as consultant to help guide and direct our merchandising and creative presentations," said Smith. Lands' End is a direct merchant offering traditionally styled, classic casualwear for men, women and children, as well as accessories, luggage and domestics, through regular mailings of its monthly and specialty catalogs. /CONTACT: Charlotte LaComb of Lands' End, 608-935-4835/ "Copyright(c) 1995, PR Newswire" "Provided by Dow Jones & Company, Inc"Girl's Death -2-: Playground Equipment Holds Dangers Once the baby arrived, Mrs. Sibley decided to stay home with Nancy and be a full-time mom. Mrs. Sibley recalls doing the housework with tiny Nancy in a baby pack on her back. At the time of her death, Nancy was in kindergarten at Pittsfield Elementary School here. A lively child, "she was always going 100 miles per hour," Mrs. Sibley says. The child's big brown eyes lighted up whenever her dad took her to the school playground, something they had been doing together since she was three years old. After Nancy died, the spiral slide at Pittsfield Elementary School playground was dismantled, and Mrs. Sibley got to smack it several times with a baseball bat. But with the help of a counselor, she decided to do something constructive, rather than just be angry. Deeply religious, she went back to teaching Sunday school. And she began her drawstring campaign. The Sibleys moved to a 10-acre farm to heal and escape. It is called Youf Farm, after Nancy's mispronunciation of the word youth. Mrs. Sibley went back to work, at Johnson Controls, an automotive-seat maker. She doesn't want to see regulation come down from "Big Brother," she says. She prefers a low-key, cooperative approach that gives manufacturers the freedom to police themselves. Mrs. Brown of the product-safety commission says that once children's clothing makers heard what happened to Nancy Sibley and grasped the extent of the problem, "it wasn't difficult to accomplish. They understand there is always the threat of regulation. But it's better to get it done in four months rather than the four years it might take to go through the courts." It might still take awhile to see results from Mrs. Sibley's most recent letter-writing campaign and the video she is making. Playgrounds can be hazardous obstacle courses for children. Most lack soft ground covering, such as wood chips, to soften youngsters' falls. Many have poorly maintained equipment, and some of it is too high off the ground. A nationwide survey of 443 playgrounds by the Consumer Federation of America and the U.S. Public Interest Research Group concluded that more than 90% of all playgrounds pose serious health and safety risks. Eric Strickland, who owns Grounds for Play in Arlington, Texas, says, "You can't eliminate all injuries. I've heard it said that the only playground that's 100% safe is one with no kids on it." Children need to take on certain challenges, he says. Equipment manufacturers need to think about "risk management." California and Texas are the only states that have translated federal voluntary playground guidelines into state law; Arkansas and Oklahoma are deliberating legislation. At a time when European governments have come up with some of the toughest safety standards in the world, there are no national safety standards in the U.S. for playground equipment. Why does Mrs. Sibley push on? "It's something I can do in memory of Nancy," she says. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"Girl's Death Inspires Her Mother In A Safety Crusade By Jon Bigness Staff Reporter of The Wall Street Journal ANN ARBOR, Mich. -- "How do you replace a hug?" That was Thelma Sibley's response when people asked whether she was going to sue over the death of her five-year-old daughter, Nancy. On Jan. 4, 1994, the drawstring on Nancy's winter coat snagged in a narrow gap at the top of a spiral slide at her elementary-school playground. She was choked, went into a coma and died. Lots of Americans would have sued the clothing maker or the playground-equipment manufacturer. Despite unsolicited calls from several personal-injury lawyers, Mrs. Sibley declined to go that route. Anger and grief would have turned some mothers in Mrs. Sibley's position into placard-waving activists, leading boycotts or demanding a government crackdown. But Mrs. Sibley, a devout Baptist, found her own firm way to make a difference. Her persistent letter-writing campaign to 128 clothing manufacturers as well as to several government agencies, news organizations and prominent individuals -- including Hillary Rodham Clinton and Tipper Gore -- galvanized the Consumer Product Safety Commission and its chief, Ann Brown. The federal agency ultimately persuaded 32 clothing manufacturers to voluntarily remove drawstrings from children's clothes. A year and a half after Nancy's death, drawstring garments for youngsters have disappeared from many department-store racks and mail-order catalogs across the U.S. Twenty-eight manufacturers and four retailers -- including Levi Strauss & Co., Oshkosh B'Gosh Inc., Nike Inc. and Lands' End -- have promised to remove all drawstrings by fall, replacing them with Velcro, snaps, buttons or elastic. Michael G. Donabauer, vice president of corporate marketing and planning for Oshkosh B'Gosh, in Oshkosh, Wis., met Mrs. Sibley at a July 7, 1994, news conference in Washington, where the drawstring agreement was announced. "She's a remarkable woman," Mr. Donabauer says. "She did a good job of getting Ann Brown's attention. Without Mrs. Sibley's active involvement, this probably wouldn't have happened. Many people in the apparel industry were not aware of the problem." Now, Mrs. Sibley has set her sights on improving safety on America's playgrounds, where between 170,000 and 225,000 children are injured each year -- and about 17 die. She recently sent a letter asking 10 major playground-equipment manufacturers to bolster safety standards and to meet with parents, pediatricians and teachers to talk safety. The response so far has disappointed her. Just one company -- Kompan Inc., of Ringe, Denmark -- said it would distribute her letter to its people. Three others said they already are doing all they can to address safety issues. Will industry silence be the end of it? Probably not. Mrs. Sibley may not be into litigating, but she also doesn't give up. "I can't protect every kid in this world," says the 46-year-old Mrs. Sibley. "But if I can do one little thing to save another child's life, I'm going to do it." Mrs. Sibley has recruited one powerful, like-minded ally: Mrs. Brown of the Consumer Product Safety Commission. In the fall, Mrs. Sibley will appear in a video on playground safety for the commission. The video will be sent to TV stations, schools and day-care centers, urging the adoption of playground safety guidelines. For 18 years, Mrs. Sibley had been a career woman, managing the color and trim studio of American Motors Corp., then for Jeep and Dodge trucks at Chrysler Corp., which had bought out American Motors. Then, Thelma and Bob Sibley adopted Nancy as an infant on June 20, 1988. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"} $;@Girl's Death Inspires Her Mother In A Safety Crusade| $-@Review & Preview: Coming Earnings From Barron's{ l$@=Catalog Cos. Still Up Against Paper, Mail Costs In 2Qz3$@John H. Harland Gets Check Form Supply Pact From Intuity3$ @Harland Receives Five-year Intuit Contract And Announces Acquisition... x3$ @=IPO Winners-3: Look For Leaders In Growing Industries w3$@=IPO Winners-2:Fundamentals, Perception Can Depress Stk v3$ @=Broken Deals Can Become Winners In IPO Market u3$3 @World's most frequent business travelers admit they hate expense...orts t3$ @More Germans May Bank In Cyberspace With On-Line Service Review & Preview: Coming Earnings From Barron's Consensus Year DAY Estimate Ago M Allied Healthcr (4Q) $0.45 $0.38 Au Bon Pain (2Q) 0.10 0.14 Bertucci's (2Q) 0.09 0.13 Healthsource (2Q) 0.39 0.30 Kenetech (2Q) 0.23 0.08 Mercantile Strs (2Q) 0.16 0.27 Mercury General (2Q) 0.69 0.76 Merisel (2Q) 0.07 0.09 T AnnTaylor-a (2Q) (0.11) 0.34 Dollar General (2Q) 0.26 0.20 Limited (2Q) 0.14 0.15 Oceaneering Int'l (1Q) 0.11 0.15 Oxford Health (2Q) 0.32 0.19 Sara Lee-b (4Q) 0.45 0.38 W Clorox (4Q) 1.10 1.00 Columbia/HCA-c (2Q) 0.70 0.58 Federated Dept Str (2Q) (0.09) 0.16 First Brands (4Q) 0.72 0.72 Gymboree (2Q) 0.14 0.10 Lam Research (4Q) 0.90 0.48 Nordstrom (2Q) 0.73 0.77 WorldCom (2Q) 0.32 0.26 ThBrinker Int'l (4Q) 0.27 0.25 Gap (2Q) 0.23 0.30 Lands' End (2Q) 0.02 0.10 Procter & Gamble (2Q) 0.63 0.56 (All figures are fully diluted operating earnings.) a-Excl. 7/94 early debt-retirement charge of $0.04. b-Excl. 6/94 restructuring charge of $1.03. c-6/94 Restated down $0.02 for acquisition. Source: First Call (800-448-2348) "Copyright(c) 1995, Barron's" "Provided by Dow Jones & Company, Inc"=Catalog Cos. Still Up Against Paper, Mail Costs In 2Q By Phyllis Plitch Dow Jones Staff Reporter NEW YORK -- Still struggling under the weight of increased paper and postal costs, catalog companies are expected to report continued weakness in their second-quarter results. Added to the equation are less-than-stellar apparel sales, the lingering effects of the flooding of mailboxes with catalogs late last year to beat postal rate hikes, and the traditional seasonal weakness of the first half. "It's just a very difficult and sluggish environment," said Gerard Klauer Mattison & Co. analyst Thomas Filandro. In the first quarter, several catalogers reported lower or flat net income, compared with the prior year. Still absorbing a 14% hike in postal rates and a 25% to 50% surge in paper rates, the trend hasn't dissipated, with at least one big catalog company - Spiegel Inc. (SPGLA) - expected to report an even wider loss than the previous quarter. Spiegel lost nine cents a share in the first quarter. Analysts said that to some extent, response rates are down because consumers were inundated last year with catalogs in their mailboxes in an attempt by companies to beat out postal and paper increases. "Because of the aggressive pursuit to gain responsive customers, catalogers may have diluted themselves to some degree," said Filandro. Several analysts said they expected Spiegel to report a cents-per-share loss in the teens. Filandro estimates that the Downers Grove, Ill., company will report a loss of 15 cents for the second quarter, compared with a profit of 6 cents the year before. In addition to the problems affecting the catalog industry in general, Spiegel's problems, in part, have been exacerbated by performance at its Eddie Bauer unit, analysts said. The catalog and retail-store subsidiary just reported that same-store sales fell 1% in the 26 weeks ended July 1. Second-quarter same-store sales increased 3%, compared with an increase of 13% a year ago. The company is also still trying to get rid of outerwear that didn't sell during the unseasonably warm winter, analysts said. Markdowns at the Bauer outlet stores are putting pressure on margins. Apparel cataloger Land's End Inc. (LE), too, has internal expenses compounding pressure on earnings. Kemper Securities Corp. analyst Kevin Silverman said that the Dodgeville, Wis., company is absorbing costs related to last year's Japanese expansion and to the higher price of cotton. Higher cotton prices will be offset by overseas sourcing to some extent, Silverman said. Silverman expects Land's End to report earnings of 5 cents a share, down from the prior year's earnings of 10 cents. While expected to report second-quarter earnings substantially lower than last year, Fingerhut Cos. (FHT) is still expected to post better per-share earnings than some of its competitors, such as Spiegel and Land's End. The company has been trying to battle its way through a difficult environment by cutting costs. Bear Stearns & Co. analyst Steven Kernkraut said the Minnetonka, Minn., apparel and general merchandise cataloger has started to make some progress in streamlining operations, in part, by cutting its workforce. Kernkraut estimates Fingerhut will report earnings of 9 cents a share, compared with the prior year's earnings of 32 cents a share. "The way the catalog industry is surviving is by cutting expenses," said Kernkraut. "That's something these guys got a head start on." In contrast to the gloomy prospects for traditional catalogers, whose stock-in-trade generally includes apparel and household goods, mail-order companies hawking computers are expected to show gains. Montgomery Securities Inc. analyst Thomas Courtney said he expects Micro Warehouse Inc. (MWSH) to report second-quarter earnings of 29 cents a share, compared with last year's 23 cents a share. "The computer direct marketers are having a very, very strong quarter," said Courtney. "Because of the strong demand for PCs and PC-related products, the market is growing at a very healthy rate and they (mail-order companies) are taking share from other channels." Courtney said more sophisticated buyers are turning to companies like Micro Warehouse of South Norwalk, Conn., because they realize they can get knowledgeable salespeople on the telephone without traveling to a store, and the products are comparable. "An Apple Powerbook 520 is an Apple Powerbook 520, no matter where you buy it," said Courtney, who added that mail-order marketers also stand poised for further gains with the August release of Microsoft Corp.'s (MSFT) Windows 95. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"John H. Harland Gets Check Form Supply Pact From Intuit ATLANTA -- John H. Harland Co. (JH) received an exclusive five-year contract from Intuit Inc. (INTU) to produce computer checks and forms for Quicken software. In a press release, John H. Harland also said its financial services group acquired the assets of Dataprint, a division of Data Print, Inc., for an undisclosed amount of cash. Financial terms of the agreements were not disclosed. Dataprint, Seattle, produces computer-compatible forms. Harland, based here, supplies checks and forms to providers of personal finance software. Intuit is a software maker. Quicken is Intuit's premier product. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"Harland Receives Five-year Intuit Contract And Announces Acquisition Of Seattle Forms Printer ATLANTA -- John H. Harland Company (NYSE: JH) today announced that it received an exclusive five-year contract from Intuit, Inc. (Nasdaq-NNM: INTU), to produce computer checks and forms for Quicken software. Harland is one of the largest suppliers of checks and forms to providers of personal finance software. Quicken, which had approximately 70 percent of the personal finance software market in 1994, is Intuit's premier product. As a result of this contract, Intuit will be Harland's second largest customer. To meet the production demands of Harland's growing computer checks and forms business and to enhance customer support on the West Coast, its Financial Services Group has acquired the assets of dataPRINT, a division of Data Print, Inc., for an undisclosed amount of cash. Located in suburban Seattle, dataPRINT is a leader in the production of computer-compatible forms and a major supplier to Intuit. When the acquisition is complete, Harland will be Intuit's sole supplier of checks. "More and more consumers are using computers to manage their finances and write their checks," said Earl Rogers, Harland's executive vice president responsible for FSG. "In the late 80s, Harland began offering its checks through new channels, one of those being the financial software market. This is part of our long-term strategy of targeting today's consumers wherever they shop, be it in traditional or emerging marketplaces." The acquisition will also enhance Harland's manufacturing efficiencies and distribution channels, according to Robert R. Woodson, Harland's chairman, chief executive officer and president. "I am delighted with both our expanded involvement with Intuit and the acquisition of dataPRINT, which gives us a strategic advantage in the personal finance software market." According to Woodson, the entity will be known as Harland dataPRINT, Inc. It will be headed by Martin Kerner, current president of dataPRINT. John H. Harland Company is headquartered in Atlanta with operations throughout the United States and internationally. Harland's operations consist of four business units. Financial Services Group provides checks, forms and specialty products to financial institutions and other non-financial markets. Information Services Group provides platform automation, compliance solutions and targeted marketing to increase financial institution efficiency and profitability. Data Services Group provides data management solutions for educational, commercial and governmental markets. Direct Marketing Group offers checks and related products directly to consumers. Harland, founded in 1923, employs 7,000 people in North America. Revenues for 1994 were $521.1 million. /CONTACT: Robert R. Woodson, Chairman, Chief Executive Officer and President; or Victoria P. Weyand, Vice President and Corporate Secretary, John H. Harland Company, 404-951-9460/ "Copyright(c) 1995, PR Newswire" "Provided by Dow Jones & Company, Inc"=IPO Winners-3: Look For Leaders In Growing Industries In July 1993, Starsight priced 2.7 million shares at $15 each in a deal led by Smith Barney, Harris Upham & Co. Inc. The stock traded as high as 25 3/4 on Sept. 2, 1993 and now trades at 4 1/2, up from the 52-week low of 3 1/4. "If you look at the research reports, interactive TV hasn't developed as quickly as people thought it would - and we don't have 500 channels," Pincus said. "Some analysts said, 'Fifteen million people pay $3.95 a week for TV Guide so if this company gets only X percent, it's a home run.' My guess is this service eventually will go for about $1 a month." Manish Shah, publisher of IPO Maven, a New York review of upcoming deals, said successful companies create fundamental change in their industry. "The common thread is that most winners started as one product companies," he said. "But they were pioneers in their field. Starting with one product, they kept broadening the niche and eventually created a whole industry based on a product or a standard that others in the field adopted. This is what makes America competitive." Pioneering companies that set the standard include 3Com, Cisco, Intuit, Cabletron Systems Inc. (CS) and Applied Materials Inc. (AMAT) John E. Fitzbibbon, editor of the IPO Afermarket for Lynch Jones & Ryan Inc. here, said traders swarm over new stocks the first few days after an IPO is priced. After the initial pop, investors take over. "A lot of these stocks catch fire well after initial trading and when the underwriters have begun research coverage," he said. "Look for stocks you don't have to watch hour by hour to trade. You want stocks you can tuck away and review down the road." Fitzgibbon said one way to search for winners is to look for leaders within a growing industry. An investor looking at networking companies would quickly find Ascend Communications. Internet access leads to UUNet Technologies (UUNT) and software to Netscape or Spyglass Inc. (SPYG). Client-server computer systems sometimes act up, making Remedy Corp. (RMDY), a developer and marketer of trouble-shooting software, a good bet. The demand for new technology stocks remains strong, but the number of solid companies ready to go public is limited. The result will be a wave of imitators or companies in the early stages of development. Unless a company is likely to be first or second in its field and can generate revenue of $1 billion in five years, it's not a long-term investment. "Look for leaders in an industry," Fitzgibbon said. "The leaders will make it, but the jury's out on the small, second- and third-tier companies. There may be enough gravy that spills over to make their fortunes." "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"=IPO Winners-2:Fundamentals, Perception Can Depress Stk A successful new product can send a company's stock into orbit after a steady but unspectacular debut. In February 1990, Cisco Systems Inc. (CSCO) of San Jose, Calif., a manufacturer of routers that transmit data among computer networks, priced 2.8 million shares at $18 each in a deal led by Morgan Stanley & Co. It hit 22 in early trading and reached 24 in September. "In October, the stock went vertical," said George Kelly, an analyst who tracked the company for Morgan Stanley. The new product, announced in August, boosted revenues and improved earnings. The company declared a two-for-one stock split effective March 1994. Cisco's stock now trades at 65 5/8, just off the 52-week high of 67. "What causes outstanding performance after a modest showing?" Kelly said. "Clearly, it has to do with the visibility of the company going forward. If a stock is flat after going public, that usually means it's a bit cloudy on revenue and earnings. But if the company's fundamentals change, visibility changes as people feel more comfortable with it." Mark Pincus, vice president at Columbia Capital Corp. in Alexandria, Va., said the public's love affair with technology, especially the Internet, is driving many stocks. Netscape Communications Corp. (NSCP) of Mountain View, Calif., is the most recent example of investors' infatuation. The company is best known for Netscape Navigator, a point-and-click software package that helps users surf the Internet. The stock was priced at $28 a share and the price talk was boosted to $21 to $24 from $12 to $14. The size of the IPO was increased to 5 million shares from 3.5 million. Trading opened at 71, peaked at 75 and the stock now trades at 46 3/4. Sales are rising, but Netscape has yet to make a profit. "Wall Street is impatient - it takes time to build a company," Pincus said. "I think the street goes too far in loving companies and too far in hating them." Wall Street often rushes to value a company and the stock lags until dreams catch up with reality. At that point, the stock of a solid company often surges. Pincus recommends reviewing research reports after the stock has aged in the aftermarket. If the factors that made the stock a good buy when the report was written are still valid, it's worth a look despite what may be a disappointing or dismal aftermarket performance. Starsight Telecast Inc. (SGHT) of Fremont, Calif., a designer and marketer of a patented on-screen interactive television guide and VCR control service, is a company Wall Street once loved. Investors who followed their gut feelings avoided a dog. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"=Broken Deals Can Become Winners In IPO Market By Scott Reeves Dow Jones Staff Reporter NEW YORK -- Investors are often too quick to love a new stock beyond reason or too eager to dump it for not going through the roof. This can cost you money. Many initial public offerings, especially those for technology companies, open with a premium in the current market. Some then fade and languish for months with little sign of life. A few fall below the issue price. Many write-off such moribund or busted deals, but the shrewd investor hunts for bargains. The stocks of many winning companies once struggled or climbed slowly to current levels, including America Online Inc. (AMER), 3Com Corp. (COMS), Intuit Inc. (INTU) Cirrus Logic Inc. (CRUS), Computer Associates International Inc. (CA) and LSI Logic Corp. (LSI). "Look for companies with strong fundamentals, market position and proprietary technology in high growth markets," said Charles Boucher, a senior technology analyst for Hambrecht & Quist Inc. in San Francisco. "Those are the real differentiators and ultimately companies with those characteristics will be successful financially." In May 1994, Ascend Communications Inc. (ASND) of Alameda, Calif., a developer of high-speed digital wide area network access products, priced 2 million shares at $13 each in a deal led by Morgan Stanley & Co. After the first day of trading, the stock closed at 15. When the underwriter initiated research coverage on June 21, the stock had slipped to 12 3/4. But the company is in a hot field and demand for its Internet products grew steadily, contributing about 25% of its revenue for the second quarter of 1995. In May, Ascend declared a a 2-for-1 stock split. The stock now trades at 63 1/2, down from the 52-week high of 74 3/4. The 52-week low is 10 3/8. This apparently busted deal found its legs and after a slow start outran a crowded field. But there's also a danger, especially in stocks that rise 50% or more on the first day of trading. Strong demand for technology stocks encourages companies in the early stages of development to come to market quickly - and this makes it more difficult to spot long-term winners. "Technology companies are in an aggressive phase right now," said Boucher. "What this has done is remove the differential between high quality and mediocre companies. It's hard to lose at this point, but I think within the next 12 months the growth is likely to attenuate slightly and as that happens, the performance of individual companies will tend to stratify and reflect the overall quality." "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"World's most frequent business travelers admit they hate expense reports; One in four reporters would prefer to clean the bathroom than file an expense report MENLO PARK, Calif.-- --- MEDIA ALERT --- What: One in two 1995 U.S. Open attendees will file their tennis tickets as a business expense according to the Quicken ExpensAble Survey Who: Survey of 275 tennis fans attending the 1995 U.S. Open When: Opening day of U.S. Open Business travel may pay off for your company, but do you feel it is costing you money? You're not alone. Some of the world's most frequent travelers -- news reporters -- reveal in a recent national survey that they consistently lose money when submitting expense reports. That's probably because, according to the Quicken ExpensAble survey, one in four reporters would prefer to clean their bathroom than file an expense report. The Quicken ExpensAble survey showed that more than two-thirds of reporters travel at lest once a month, and 70 percent of those traveling believe they lose money on those business trips. The most common reasons reported include forgetting to record receipts and not accounting for small expenses like tips and tolls. While several reports queried fantasized about receiving cash in advance with no questions asked, one in four had a more realistic wish: they wished for a computerized system to deal with what most travelers say is a tedious and time consuming task. A solution for these reporters and other business travelers is now available. ExpensAble, a new software product from Intuit, the makers of Quicken, makes expense reporting dramatically simpler, more accurate and convenient. The easy-to-use software automatically performs all calculations, sorts and organizes expenses by date or category. By making it easier to complete accurate reports, ExpensAble simplifies at least one of the annoyances of business travel. "No one knows the annoyance of expense reporting better than news reporters who are always on the road," said Scott Cook, Intuit's chairman. "Since today more people are fronting their own money on business trips, they need their reports to be done accurately and on time before personal bills are due. Technology is now making this much easier." Much like the Quicken program, ExpensAble helps keep track of how much money you've spent and where. The software allows you to run reports that let you see how much you've spent on specific trips or projects, calculates foreign currency exchanges and even reminds you about those frequently overlooked expenses like tips and taxis. ExpensAble contains 20 report templates that can be customized to fit the needs of specific types of employees, or users can replicate their company's exact expense form using Microsoft Excel. Users can quickly and easily print neat, accurate expense reports ready to sign and submit for reimbursement. Available for $50 at leading retail computer and software stores, ExpensAble is available for personal computers with the Windows operating system. Consumers can also purchase the software directly from Intuit by calling 800/816-8026. CONTACT: Manning Selvage & Lee, New York Benna Holden, 212/213-7129 "Copyright(c) 1995, Business Wire" "Provided by Dow Jones & Company, Inc"More Germans May Bank In Cyberspace With On-Line Service By Greg Steinmetz Staff Reporter of The Wall Street Journal BERLIN -- Home banking in Germany, which already has a headstart over the U.S., will get another boost next week when German phone company Deutsche Telekom AG introduces its latest on-line service. Called Telekom On-Line, the service is the phone monopoly's answer to H & R Block Inc.'s Compuserv and t he new German offerings from America Online Inc. and others. Analysts say Telekom On-Line is likely to encourage more Germans to explore cyberspace, which in turn will help boost one of the largest applications: home banking. That would help Intuit Corp., whose personal-financial software now dominates the German consumer market, and Microsoft Corp. Owing in part to the country's restricted hours for banking, Germans have flocked to home-banking services. Some 60% to 80% of customers for Telekom's current on-line product, BTX, have signed up expressly for banking. Telekom now has 840,000 customers. With Telekom OnLine, an upgrade of the current system, the phone company expects to cross the one million mark next year. Americans have embraced cyberspace quicker than the Germans. But home banking abilities are limited in the U.S. To write a check, a bank customer sends information to a third party, which then writes a check and sends it to the recipient. In Germany, a bank customer electronically accesses an account and personally directs the money transfer. "There is no home banking in the U.S.," said Markus Reithwiesner, product manager in the Munich office of Intuit. "Germany already has it." Bank Austria AG, the largest bank in Austria, was the first to offer Internet access to bank accounts. But German banks quickly followed. Today, all of Germany's big and medium-size banks offer home banking and provide their own software. Because some of the software is cumbersome, Germans have also been buying commercial personal-finance programs such as Intuit's Quicken or Microsoft's Money. Meanwhile, the German Banking Association is working on standardized software, which will make matters easier for customers with accounts at more than one bank. Next year, Comdirect, the direct banking unit of Commerzbank AG, will begin to offer on-line account access and brokerage services, said director Bernt Weber. Owners of Quicken and Money will then be able to do business with the fast-growing bank, which has no branches and currently offers all its services by mail and phone. Because consumers have high disposable incomes, Germany is a good market for software makers and offers tremendous potential. Microsoft expects strong growth in Germany, in part because modem sales have been rising 20% to 30% a year, said spokesman Bernhard Grander. Telekom On-Line should also accelerate consumer interest in the Internet. The company will unveil the product this week in Berlin at the Internationale Funkaustellung, one of the world's largest consumer-electronic shows. Compuserv is the market leader for on-line services in Germany. In addition to Compuserv and Telekom, other groups are also interested in the market. America Online is working on a project in Germany with Germany's media giant Bertelsmann AG. U.S.-based Meigher Communications L.P. is working with Britain's Pearson PLC, Germany's Burda Verlag GmbH and France's Matra-Hachette in a venture called Europe Online SA. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"Interactive Gift Files Patent Suit Against 18 Companies NEW YORK -- Interactive Gift Express Inc. (GIFT) filed suit in U.S. District Court for the Southern District of New York against 18 companies: Adobe Systems Inc. (ADBE); Apogee Software Ltd. (APOG); Broderbund Software Inc. (BROD); CompuServe Inc., a unit of H&R Block (HRB); CyberSource Corp.; First Virtual Holdings Inc.; Intermind Corp.; Internet Software Inc., a unit of Home Shopping Network Inc. (HSN); Intuit Inc. (INTU); Kidsoft Inc.; Library Corp.; McGraw-Hill Cos. (MHP); Soft & Net Distribution S.A.; Softlock Inc.; Telebase Systems Inc.; Vocatec Inc.; Waldenbooks; and Ziff Communications Co. In a press release, Interactive Gift said the suit alleges that all 18 defendants have been infringing the Freeny system and method patent, granted to computer scientist Charles C. Freeny in 1985 and acquired by Interactive in 1994. The Freeny patent covers certain types of point-of-sale transactions commonly used on the Internet and by on-line services as well as specific types of sales using CD-ROM, the company said. The suit asks for unspecified damages, which could be trebled under the law. Notices of infringement have been sent to 120 infringers, who have been invited to license the Freeny technology from Interactive. Interactive Gift Express, based in Secaucus, N.J., operates Dial-A-Gift, which distributes gift baskets and similar catalog items through a dealer network. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"s3$ @Interactive Gift Files Patent Suit Against 18 Companies r3$7 @Interactive Gift Express sues Adobe, Broderbund, CompuServe,...raw-Hills q3$ @Union Bank announces partnerships with Microsoft and Intuit for...venie p3$ @Hot Stocks To Watch: INTU UW FEET HGI3T *$Review & Preview: Coming Earnings From Barron'sxU -$Lands' End 1Q Net 4c A Share Vs 14c#V -$ Lands' End Reports First Quarter3#W -$ Hot Stocks: MRN HSS LEdX 9$ Lands' End VP-International William J. O'Neill Resigns%Y 9$ Lands' End O'neill Resigns As Vp, International; Buettner Tapped As...c Interactive Gift Express sues Adobe, Broderbund, CompuServe, McGraw-Hill and fourteen others for Internet, online patent infringement NEW YORK--Interactive Gift Express Inc. (NASDAQ Bulletin Board: GIFT) has filed suit in U.S. District Court for the Southern District of New York against Adobe Systems Inc. (NASDAQ:ADBE); Apogee Software Limited (NASDAQ:APOG); Broderbund Software Inc. (NASDAQ:BROD); CompuServe Inc., a subsidiary of (H&R) Block (NYSE:HRB); CyberSource Corp.; First Virtual Holdings Inc.; Intermind Corp.; Internet Software Inc., a subsidiary of Home Shopping Network Inc. (NYSE:HSN); Intuit Inc. (NASDAQ:INTU); Kidsoft Inc.; The Library Corporation; The McGraw-Hill Companies Inc. (NYSE:MHP); Soft & Net Distribution S.A.; Softlock Inc.; Telebase Systems Inc.; Vocatec Inc.; Waldenbooks and Ziff Communications Company. The suit states that all eighteen defendants have been infringing the Freeny system and method patent (U.S. Patent No. 4,528,643), granted to computer scientist Charles C. Freeny in 1985 and acquired by Interactive in 1994. The Freeny patent is entitled "System For Reproducing Information In Material Objects At A Point Of Sale Location." It covers certain types of point-of-sale transactions commonly used on the Internet and by online services as well as specific types of sales using CD-ROM. The suit asks that damages be awarded, which could be trebled under the law. Notices of infringement have been sent to 120 infringers, who have been invited to license the Freeny technology from Interactive. "Electronic distribution is still in its infancy, so we expect infringement of our patent to grow exponentially," said company president Arnold L. Freilich. "We intend to pursue infringers aggressively, but our goal is to license rather than to litigate," he stated, noting that several infringers have already inquired about license terms. Interactive also operates Dial-A-Gift, which distributes gift baskets and similar catalog items through an FTD-like network of approximately 8,000 dealers across the U.S., now accessible on the World Wide Web of the Internet (http://www.icw.com/dialgift/homepage.html). As of June 30, 1995, Interactive Gift Express had 5,791,589 common shares outstanding. CONTACT: Interactive Gift Express Inc. Arnold L. Freilich, President, 201/866-8456 or Legal Contact: David Fink, Esq., 203/325-3344 or Agency Contact: The Cavior Organization Samuel S. Cavior, 212/687-6070 "Copyright(c) 1995, Business Wire" "Provided by Dow Jones & Company, Inc"Union Bank announces partnerships with Microsoft and Intuit for convenient new home banking service -- New Union Bank@Home Service slated to begin in October LOS ANGELES--Union Bank announced Tuesday that it is joining with computer software powerhouses Microsoft and Intuit to bring convenient on-line banking to its customers in October. For the first time, Union Bank customers will be offered the convenience of paying bills, transferring funds, checking balances and making inquiries by using their personal computer (PC) and a modem. Customers using either Intuit's Quicken personal finance software, or Microsoft Money for Windows 95, will have direct access to a full range of banking options. "Union Bank has always prided itself on the high level of service and customer satisfaction we provide our customers," said Richard C. Hartnack, Union Bank vice chairman and the head of community banking. "With Union Bank@Home, we're taking customer service to another level for both business and personal use. The marketplace is demanding this kind of access and Union Bank is responding to their requests." In anticipation of the roll-out, Union Bank is currently staffing a new Direct Banking Center that will provide customer support for Union Bank@Home and the institution's other direct banking services. The center will be located in Irvine, Calif., and is expected to be operational in mid-September. The center will provide complete customer support for direct banking transactions. "Union Bank@Home is one more way for our customers to have direct, 24-hour access to their personal financial information. This new service puts the customer in control of their finances by allowing them to conduct their banking transactions when and where they choose," Hartnack added. Union Bank@Home is the newest service to fall under the bank's Direct Banking program. The on-line banking service will complement Union Business Access, a PC-based service for small businesses; Teleservices, the bank's current 24-hour bank-by-phone service; and an extensive network of automated teller machines (ATMs). Union Bank has decided to partner with both Intuit and Microsoft in order to provide its customers with greater flexibility. Customers using Quicken will be able to access their Union Bank accounts using any major operating platform, including Windows 3.1 and Windows 95 beginning this fall. Microsoft Money for Windows 95 will be available in stores starting Nov. 1, or it can be downloaded free from the Microsoft Network or Microsoft World Wide Web page from Aug. 24 through Oct. 31, 1995. Both Quicken and Microsoft Money allow Bank@Home users to download account information automatically, eliminating the need for customers to update the information themselves. Based in San Francisco, Union Bank is the fourth largest commercial bank in California with $18 billion in assets. It has 210 branches statewide and five overseas facilities. CONTACT: Union Bank, Los Angeles Joanne Curran, 213/236-5017 or Durazo Communications Dan Durazo, 213/239-6555, ext. 206 "Copyright(c) 1995, Business Wire" "Provided by Dow Jones & Company, Inc"Hot Stocks To Watch: INTU UW FEET HGI Company Company News Intuit Inc. Investor's Business Daily Tues Close, 89 3/4 profiles the software Up 5/8, 0.7% company in its Leaders 111,800 Shrs and Success column. (INTU) - - USA Waste Services Investor's Business Daily Tues close, 19 5/8 profiles the nation's Up 1/8, 0.6% fourth-largest hauler in 425,800 Shrs its Companies in the News. (UW) - - Just For Feet These two companies Tues Close, 31 1/8 profiled in Investor's Dn 1/4, 0.8% Business Daily New America 35,600 Shrs column. (FEET) HGI Realty Inc. Tues Close, 24 3/4 Unchanged 24,800 Shrs (HGI) "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"Review & Preview: Coming Earnings From Barron's COMING EARNINGS Consensus Year DAY Estimate Ago M AnnTaylor (1Q) $0.23 $0.36 Enterra (1Q) 0.17 0.19 May Dept Stores (1Q) 0.43 0.41 Merisel-a (1Q) 0.08 0.28 T Boston Chicken (1Q) 0.13 0.06 Dollar General (1Q) 0.18 0.14 Limited (1Q) 0.12 0.13 Nordstrom (1Q) 0.39 0.39 Perrigo (3Q) 0.17 0.17 Tejas Gas (1Q) 0.60 0.45 Western Gas Res (1Q) 0.08 (0.05) W Black Box-b (4Q) 0.25 0.31 Columbia/HCA-c (1Q) 0.80 0.69 Federated Dept Str (1Q) (0.06) 0.25 Gymboree (1Q) 0.23 0.18 LDDS Commun (1Q) 0.28 0.24 Offshr Logistics-d (3Q) 0.20 0.27 Thermo Electron (1Q) 0.55 0.47 Th Airgas (4Q) 0.27 0.20 Cisco Systems (3Q) 0.43 0.32 Gap (1Q) 0.39 0.44 Lands' End (1Q) 0.12 0.14 Pep Boys-e (1Q) 0.28 0.29 Whole Foods Mkt (2Q) 0.17 0.14 (All figures are fully diluted operating earnings.) a-Excl. 3/95 restructuring charge of about $0.34. b-Excl. 3/94 early debt-retirement charge of $0.24. c-Excl. 3/94 early debt-retirement charge of $0.27 and acquisition charge of $0.30. d-Incl. 3/95 asset-sale gain of $0.11. e-Excl. 4/94 accounting-change charge of $0.07. Source: First Call (800-448-2348) T$46dT$66T$76$U$6U$6V$ 6D[$ [$ D\$ 6\$6^$ k$9k$:l$ Tm$Tm$ TDm$ Tm$ Tm$ Tdm$ km$$ kdLands' End 1Q Net 4c A Share Vs 14cLands' End Reports First Quarter DODGEVILLE, Wis. -- Lands' End, Inc. (NYSE: LE) today reported that net sales for its first quarter ended April 28, 1995, totaled $207.1 million, up 10.8 percent from sales of $187.0 million in the same quarter last year. Net income for the quarter just ended was $1.3 million, down 73 percent from the $4.9 million earned in the prior year. Net income for the first quarter was 4 cents per share, compared with 14 cents per share in the prior year. The company's international and new businesses accounted for nearly all of the sales increase in the quarter. Sales from the company's core business, represented by the monthly and prospecting catalogs, were flat compared with last year. Gross profit in the quarter just ended was $91.2 million, or 44.0 percent of net sales, compared with $79.7 million, or 42.6 percent of net sales, in the first quarter of the prior year. The increase in gross profit margin was due to stronger growth in higher margin businesses and lower merchandise costs, primarily the result of improvements in domestic and off-shore sourcing. This was partially offset by increased sales of liquidated merchandise at steeper markdowns. Liquidations of excess inventory were about 11 percent of net sales in the quarter just ended, primarily due to the timing of the fall/winter clearance catalog. This compares to 8 percent in the prior year. For the first quarter this year, selling, general and administrative expenses increased 24 percent to $89.2 million, compared with $71.9 million for the similar quarter last year. As a percentage of net sales, SG&A was 43.1 percent, compared with 38.5 percent in the same period last year. The increase in the SG&A ratio was primarily the result of relatively lower than anticipated demand generated by the catalogs. Higher postal rates and paper prices and lower sales per catalog mailed in the U.S. had a negative effect on the SG&A ratio. International and new businesses experienced stronger growth rates during the quarter. Since these businesses have higher operating costs, this also had a negative impact on the SG&A ratio. The company had about $46 million of short-term debt as of April 28, 1995, compared with $18 million at the end of the same quarter last year. First quarter ending inventory was about $191 million, up almost 14 percent from about $168 million a year ago. Growth in the international and new business areas accounted for about half of the inventory increase. Higher inventory levels may result in greater product liquidations at lower margins in future periods. Lands' End is a direct merchant of traditionally styled, classic casualwear offered to customers through regular mailings of its monthly and specialty catalogs. LANDS' END, INC. & SUBSIDIARIES Preliminary and unaudited Consolidated Statements of Operations (Amounts in thousands, except per share data) For the three months April 28, April 29, 1995 1994 Net sales $207,122 $187,012 Cost of sales 115,913 107,294 Gross profit 91,209 79,718 Selling, general and administrative expenses 89,237 71,911 Income from operations 1,972 7,807 Other income (expense): Interest expense (401) (41) Interest income 17 60 Other 604 232 Total other income 220 251 Income before income taxes 2,192 8,058 Income tax provision 885 3,180 Net income $ 1,307 $ 4,878 Net income per share $ 0.04 $ 0.14 Weighted average shares outstanding 34,718 35,859 Preliminary and unaudited LANDS' END, INC. & SUBSIDIARIES Consolidated Balance Sheets (In thousands) April 28, April 29, 1995 1994 Assets Current assets: Cash and cash equivalents $ 4,282 $ 441 Receivables 6,856 1,664 Inventory 191,077 168,067 Prepaid expenses 13,273 8,201 Deferred income tax benefit 9,568 5,588 Total current assets 225,056 183,961 Property, plant and equipment, at cost: Land and buildings 69,763 60,997 Fixtures and equipment 78,103 60,273 Leasehold improvements 1,866 1,370 Construction in progress -- 251 Total property, plant and equipment 149,732 122,891 Less - accumulated depreciation and amortization 52,492 43,061 Property, plant and equipment, net 97,240  79,830 Intangibles, net 2,436 1,825 Total assets $324,732 $265,616 Liabilities and shareholders' investment Current liabilities: Lines of credit $ 45,628 $ 17,986 Current maturities of long-term debt 40 40 Accounts payable 58,659 41,307 Reserve for returns 3,653 3,709 Accrued liabilities 21,418 17,031 Accrued profit sharing 98 187 Income taxes payable 1,532 3,475 Total current liabilities 131,028 83,735 Long-term debt, less current maturities -- 40 Deferred income taxes 5,379 5,200 Long-term liabilities 233 452 Shareholders' investment: Common stock, 40,221 shares issued 402  402 Donated capital 8,400 8,400 Paid-in capital 25,817 24,687 Deferred compensation (1,353) (1,923) Currency translation adjustments 304 205 Retained earnings 230,861 198,338 Treasury stock, 5,542 and 4,563 shares at cost, respectively (76,339) (53,920) Total shareholders' investment 188,092 176,189 Total liabilities and shareholders' investment $324,732 $265,616 Preliminary and unaudited LANDS' END, INC. & SUBSIDIARIES Consolidated Statements of Cash Flows (In thousands) For the three months April 28, April 29, 1995 1994 Cash flows (used for) from operating activities: Net income $ 1,307 $ 4,878 Adjustment to reconcile net income to net cash flows from operating activities- Depreciation and amortization 3,214 2,477 Deferred compensation expense 68 78 Deferred income taxes (1,156) (255) Changes in current assets and liabilities excluding the effects of acquisitions: Receivables (1,846) 1,980 Inventory (20,005) (16,517) Prepaid expenses (2,025) 4,162 Accounts payable 5,897 (14,662) Reserve for returns (1,358) (198) Accrued liabilities (4,534) (412) Accrued profit sharing (1,581) (2,089) Income taxes payable (8,195) (9,053) Other (142) 155 Net cash flows used for operating activities (30,356) (29,456) Cash flows (used for) from investing activities: Cash paid for capital additions and businesses acquired (6,452) (3,647) Proceeds from sales of fixed assets 6 -- Net cash flows used for investing activities (6,446) (3,647) Cash flows (used for) from financing activities: Proceeds from short-term and long-term debt 38,089 17,986 Purchases of treasury stock (2,431) (6,011) Net cash flows from financing activities 35,658 11,975 Net increase (decrease) in cash and cash equivalents (1,144) (21,128) Beginning cash and cash equivalents 5,426 21,569 Ending cash and cash equivalents $ 4,282 $ 441 /CONTACT: Charlotte LaComb of Land's End, 608-935-4835/ Hot Stocks: MRN HSS LE Company Company News Morrison-Knudsen Considering a merger proposal 8 3/8, Up 3/8 from former co. executive Jack 4.7% Gain Lemley and billionaire J.R. 173,100 Shares Simplot. (MRN) - - Hospital Staffing NuMed Home group ended talks 1 5/8, Dn 3/8 on possible business combination 18.8% Loss with co. 44,100 Shares (HSS) - - Lands' End Inc. First-quarter net income 14 3/4, Dn 3/4 was 4c a share, compared 4.8% Loss with 14c a year earlier. 51,700 Shares (LE) Lands' End VP-International William J. O'Neill Resigns DODGEVILLE, Wis. -- Lands' End Inc. (LE) said William J. O'Neill resigned as vice president, international, due to differences with the company on the pace of international expansion. Frank A. Buettner, who has served as president of Lands' End Japan since June 1994, was elected vice president, international. He will report to Lands' End President and Chief Executive Michael J. Smith. In a press release, Smith said: "(O'Neill) has been successful in introducing Lands' End into international markets, and he has recruited and developed a first-rate team of managers here in the United States and abroad. "Our businesses in the United Kingdom and Japan have benefited from his leadership and experience, and we are committed to their continued growth. Before expanding into additional countries, we will continue to work on laying the foundation that will enable us to manage our business on an international basis, especially in the areas of product quality and inventory management." Lands' End O'neill Resigns As Vp, International; Buettner Tapped As Successor DODGEVILLE, Wis. -- Lands' End, Inc. (LE), (NYSE: LE) today announced that William J. O'Neill has resigned as vice president, international, due to differences with the company regarding the pace of international expansion. Frank A. Buettner, who has served as president of Lands' End Japan since June 1994, has been elected vice president of international. He will report to Lands' End president and chief executive officer Michael J. Smith. In making the announcement, Smith said, "Bill has been successful in introducing Lands' End into international markets, and he has recruited and developed a first-rate team of managers here in the United States and abroad. Our businesses in the United Kingdom and Japan have benefitted from his leadership and experience, and we are committed to their continued growth. Before expanding into additional countries, we will continue to work on laying the foundation that will enable us to ma nage our business on an international basis, especially in the areas of product quality and inventory management. "Frank has done a great job during our start-up in Japan. In addition to serving as president of Lands' End Japan for the past year, Frank had previously spent more than a year as director of new business development for the Far East. This international experience, coupled with his extensive background at Lands' End, make Frank the ideal person for this new post," said Smith. Buettner, 40, joined Lands' End in 1980 and was involved in the design and implementation of the company's operational systems. In 1986, he was named systems development manager for marketing and finance and was promoted to director of computer systems in 1989. Prior to Lands' End, Buettner had stints as a programmer analyst for Continental Life and Accident of Boise, Idaho, and Mutual of Omaha in Nebraska. Buettner and his family will be returning to the Dodgeville area, after having spent the last year in Yokohama. Lands' End is a direct merchant of traditionally styled, classic casualwear offered to customers through regular mailings of its monthly and specialty catalogs. /CONTACT: Charlotte LaComb of Lands' End, 608-935-4835/ Lands' End Names New Vice President DODGEVILLE, Wis. -- Lands' End, Inc. (NYSE: LE), today announced that Suresh C. Patel has been named vice president of global logistics and distribution, a new position. Patel will report to the company's senior vice president of operations, Phil Schaecher. Since joining Lands' End in 1988, Patel, 44, has served as director, logistics and facility planning. He has been responsible for the design, development and implementation of all materials handling systems and facilities planning and construction for the company on a world-wide basis. Before joining Lands' End, he spent twelve years with Sedlak Management Consultants, Inc., in Cleveland, where he rose to vice president and was responsible for designing and developing warehouse and distribution facilities for major mail order and retail clients. Before that, Patel had year-and-a-half-long stints with the Ohio Rubber Company in Willoughby, and Colonial Woolen Mills, Inc., in Cleveland. Patel holds a Bachelor's degree in Textile Engineering from the University of Baroda in India and a Master's degree in Industrial Engineering from Cleveland State University in Ohio. He and his family live in the Madison area. Lands' End is a leading direct merchant of traditionally styled, casual clothing for men, women and children, accessories, domestics, shoes, and soft luggage. /CONTACT: Charlotte LaComb of Lands' End, 608-935-4835/ %Z @$3 Lands' End Names New Vice President [ Q$ Lands' End Announces Vice President, Inventory\ ^$ Lands' End Names Campo Vice President, Specialty Businesses] l$=Catalog Cos. Still Up Against Paper, Mail Costs In 2Q _$ @Harley-Davidson Boost Qtrly Dividend To 5c From 4c`$3@Harley-davidson, Inc. Increases Dividend}a$ @Harley-davidson President & Ceo Keynotes Detroit '95 Apexlb$@Harley-Davidson Unit Sees $1M In Recall Expenses In 3Qc$@Holiday Rambler Announces Trailer Recall d$%@+Harley-Davidson Unit Recalls 783 Travel Trailersg!Lands' End Announces Vice President, Inventory DODGEVILLE, Wis. -- Lands' End, Inc. (NYSE: LE), today announced that Stephen V. McCardell has been promoted to vice president, inventory. He replaces Gary R. Steuck, who has recently been named president of the Lands' End Japan K.K. facilities in Yokohama. McCardell joined the company in 1986 as a control buyer for merchandising and became training director, focusing on inventory management functions, in 1988. He was promoted to group inventory manager for coed products in 1989 and after a year was named group inventory manager for the women's division, the position he held until his appointment as vice president. Prior to joining Lands' End, he spent nine years with Montgomery Ward, holding positions in merchandising, inventory, and retail. McCardell, 40, graduated with a Bachelor of Science-Business Administration degree from the University of Richmond in Virginia in 1976. He and his family live in the Madison area. Lands' End is a direct merchant of traditionally styled casual clothing, domestics, accessories, and soft luggage. The company offers its products through regular mailings of its monthly and specialty catalogs. /CONTACT: Charlotte LaComb of Lands' End, 608-935-4835/ Lands' End Names Campo Vice President, Specialty Businesses DODGEVILLE, Wis. -- Lands' End, Inc. (LE) (NYSE: LE), today announced that Ronald T. Campo has been named vice president, specialty businesses, a new position, effective immediately. Campo has been vice president, new business development, since he joined the company and will continue to be in charge of the company's Corporate Sales division and its new specialty catalog Willis & Geiger, which will be mailed for the first time in early fall. Campo will take on the additional responsibility of leading the company's specialty businesses, Coming Home, a specialty catalog focused on products for bed and bath, and Kids, a separate catalog featuring children's clothing. These two businesses were previously managed by Philip J. Iosca, who recently resigned to accept a position elsewhere. Campo will also take charge of the company's outlet division, which is positioned to liquidate excess inventory through its 14 retail stores. Before joining Lands' End in early 1993, Campo spent three years with Reebok International Ltd., Stoughton, Mass., where he had been vice president of product marketing and then became president of their apparel division. In addition to three years as senior vice president with WearGuard Corp., Norwell, Mass., his 23-year career in merchandising and general management also includes eight years with L.L. Bean, the Maine-based catalog company, where he rose to vice president of product development, and seven years with Sears, Roebuck and Co., in Chicago. Campo, 47, holds a bachelor's degree in social science and an MBA in Marketing, both from Michigan State University. He and his family reside in the Madison area. Lands' End is a direct merchant of classic clothing for men, women and children and products for the home. Its quality merchandise is offered through regular mailings of its monthly and specialty catalogs. /CONTACT: Charlotte LaComb of Lands' End, 608-935-4835/ =Catalog Cos. Still Up Against Paper, Mail Costs In 2Q By Phyllis Plitch Dow Jones Staff Reporter NEW YORK -- Still struggling under the weight of increased paper and postal costs, catalog companies are expected to report continued weakness in their second-quarter results. Added to the equation are less-than-stellar apparel sales, the lingering effects of the flooding of mailboxes with catalogs late last year to beat postal rate hikes, and the traditional seasonal weakness of the first half. "It's just a very difficult and sluggish environment," said Gerard Klauer Mattison & Co. analyst Thomas Filandro. In the first quarter, several catalogers reported lower or flat net income, compared with the prior year. Still absorbing a 14% hike in postal rates and a 25% to 50% surge in paper rates, the trend hasn't dissipated, with at least one big catalog company - Spiegel Inc. (SPGLA) - expected to report an even wider loss than the previous quarter. Spiegel lost nine cents a share in the first quarter. Analysts said that to some extent, response rates are down because consumers were inundated last year with catalogs in their mailboxes in an attempt by companies to beat out postal and paper increases. "Because of the aggressive pursuit to gain responsive customers, catalogers may have diluted themselves to some degree," said Filandro. Several analysts said they expected Spiegel to report a cents-per-share loss in the teens. Filandro estimates that the Downers Grove, Ill., company will report a loss of 15 cents for the second quarter, compared with a profit of 6 cents the year before. In addition to the problems affecting the catalog industry in general, Spiegel's problems, in part, have been exacerbated by performance at its Eddie Bauer unit, analysts said. The catalog and retail-store subsidiary just reported that same-store sales fell 1% in the 26 weeks ended July 1. Second-quarter same-store sales increased 3%, compared with an increase of 13% a year ago. The company is also still trying to get rid of outerwear that didn't sell during the unseasonably warm winter, analysts said. Markdowns at the Bauer outlet stores are putting pressure on margins. Apparel cataloger Land's End Inc. (LE), too, has internal expenses compounding pressure on earnings. Kemper Securities Corp. analyst Kevin Silverman said that the Dodgeville, Wis., company is absorbing costs related to last year's Japanese expansion and to the higher price of cotton. Higher cotton prices will be offset by overseas sourcing to some extent, Silverman said. Silverman expects Land's End to report earnings of 5 cents a share, down from the prior year's earnings of 10 cents. Harley-Davidson Boost Qtrly Dividend To 5c From 4c Pay Sept. 11, rec Sept. 1. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"$3$7 d$ $d$3 $$D$$4 $$ $$$ D$$$%d$ %m$m$dm$q$ $$ $3$ D$$$%d$ %3Q$3Q$ 3T$#d3T$063T$46d3T$663T$76$3U$63U$63V$ 6D3\$ 63\$63l$6d3l$,T3l$2Td3m$ D3m$" 3m$9 3m$d3m$3m$d3m$3q$ $ Harley-davidson, Inc. Increases Dividend MILWAUKEE -- Harley-Davidson, Inc. (NYSE: HDI) announced today that its Board of Directors approved a quarterly cash dividend of $0.05 per share, payable September 11, 1995 to shareholders of record September 1, 1995. This represents a 25 percent increase over prior quarterly dividends. The company currently has 74.8 million shares of common stock outstanding. /CONTACT: Jim Ziemer, Chief Financial Officer, 414-935-4750, or Ken Schmidt, Director, Communication, 414-935-4538, both of Harley- Davidson, Inc./ "Copyright(c) 1995, PR Newswire" "Provided by Dow Jones & Company, Inc"Harley-davidson President & Ceo Keynotes Detroit '95 Apex DEARBORN, Mich. -- Richard F. Teerlink, president and CEO of Harley-Davidson, Inc., Milwaukee, Wis., will be the Keynote Breakfast Speaker at the Detroit '95 Advanced Productivity Exposition (APEX), 8 a.m. Wednesday, September 13, at Cobo Center. Teerlink will discuss how Harley-Davidson emerged as a world-class manufacturing leader by applying progressive management strategies, leading-edge manufacturing technologies, and integrated product development processes to create high-quality products, reduce costs, and increase customer satisfaction. "Richard Teerlink knows first-hand how advanced manufacturing technologies and progressive management methods can improve a company's manufacturing and afford it world-class status. We are very enthusiastic to have Mr. Teerlink as our Keynote Speaker," says Nancy Berg, director of expositions for the Society of Manufacturing Engineers (SME). "Enhancing productivity by integrating the latest manufacturing methods and processes is emphasized and demonstrated throughout the exposition." Teerlink was appointed CEO of Harley-Davidson, Inc. in 1989, and president and chief operating officer in 1988. He helped guide the firm back to public ownership in 1986, was appointed to the Board of Directors in 1982, and initially joined the company as chief financial officer in 1981. Prior to joining Harley-Davidson, Teerlink held a key executive position with Herman Miller, Inc. of Zeeland, Mich., and RTE Corporation of Waukesha, Wis. More than 12,000 manufacturing specialists from throughout the Great Lakes region are expected to attend the Detroit '95 APEX, September 12-14 at the city's Cobo Center. As the Midwest's largest manufacturing exposition of the year, Detroit '95 is a major showcase for machine tool and metalworking technologies -- it currently has 313 exhibitors occupying over 100,000 sq. ft. of exhibit space. With most major U.S. and international machine tool lines represented at the show, companies will be displaying new-generation machine tools and manufacturing systems. Demonstrations include metalworking equipment; CAD/CAM, CAE, & CIM technologies; control equipment; engineering materials; custom products; material handling technologies; finishing equipment; manufacturing software; laser technology; testing & quality control devices; and metal forming equipment. Exposition hours at Cobo Center are 11 a.m. to 6 p.m., Tuesday, Sept. 12; 11 a.m. to 8 p.m., Wednesday, Sept. 13; and 11 a.m. to 5 p.m., Thursday, Sept. 14. Accompanying the exposition are SME-sponsored educational programs exploring new equipment applications, cost-cutting measures, and management issues. The three-day event is sponsored by SME, the American Machine Tool Distributors' Association (AMTDA), and AMT--The Association For Manufacturing Technology. SME, headquartered in Dearborn, Mich., U.S.A., is an international professional society dedicated to serving its members and the manufacturing community through the advancement of professionalism, knowledge, and learning. Founded in 1932, SME has more than 70,000 members in 70 countries. The Society also sponsors some 300 chapters, districts, and regions, as well as 240 student chapters worldwide. AMTDA, based in Rockville, Md., is a trade association which represents 400 members dedicated to strengthening the machine tool distributor's position as a vital link between builders and users of machine tools and related technologies. AMT, with headquarters in McLean, Va., represents builders of manufacturing machinery and equipment, and related products used in manufacturing. Founded in 1902, AMT produces and manages the International Manufacturing Technology Show (IMTS). /EDITORS' ADVISORY: Preregister by calling Carol Anderson, 313-271-1500, Ext. 294 and you'll be guaranteed a reservation at the Keynote Breakfast. Following the Breakfast is a 10 a.m. preview of the show (exhibits open to the public at 11 a.m.). /CONTACT: Carol A. Anderson of SME Public Relations, 313-271-1500, Ext. 294/ "Copyright(c) 1995, PR Newswire" "Provided by Dow Jones & Company, Inc"Harley-Davidson Unit Sees $1M In Recall Expenses In 3Q "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"Holiday Rambler Announces Trailer Recall WAKARUSA, Ind. -- Holiday Rambler, LLC, a wholly owned subsidiary of Harley-Davidson, Inc. (NYSE: HDI), announced that it notified its dealer network today that it is voluntarily recalling 783 travel trailers produced between August 9, 1994 and June 20, 1995. The recall population includes entire model year production for 1995 Aluma-Lite and Aluma-Lite Custom 31CFS, 1994 Aluma- Lite 35CSSO and 1995 Aluma-Lite Custom 35WCS models, which may be subject to a sway condition. Holiday Rambler estimates recall expenses, to be recorded in the third quarter, will be approximately $1 million. /CONTACT: Steve Piehl of Harley-Davidson, 414-935-4524/ "Copyright(c) 1995, PR Newswire" "Provided by Dow Jones & Company, Inc""+Harley-Davidson Unit Recalls 783 Travel Trailers WAKARUSA, Ind. -- Holiday Rambler LLC, a unit of Harley-Davidson Inc. (HDI), said it is voluntarily recalling 783 travel trailers produced between Aug. 9, 1994 and June 20, 1995. In a press release, Holiday Rambler said it will record recall expenses of about $1 million for the third quarter of this year. Harley-Davidson reported a net income of $23.8 million, or 31 cents a share, for last year's third quarter ended Sept. 25. The company said it is recalling the 1995 model year Aluma-Lite and Aluma-Lite Custom 31CFS, 1994 Aluma-Lite 35CSSO and 1995 Aluma-Lite Custom 35WCS models, which may be subject to a sway condition. As reported, the National Highway Traffic Safety Administration said on Aug. 24 that it was investigating instability problems in Holiday Rambler's Aluma-Lite and Aluma-Lite Custom travel trailers. The agency said it has received two reports of problems including one accident causing three injuries. Harley-Davidson is a Milwaukee motorcycle maker. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"$Hot Stocks To Watch: GENIZ SCGN EQVN HDI CSNO Company Company News - - Genetics Institute To merge with SciGenics; Wed Close 39 1/2 co. to begin a tender Up 1/4 or 0.6% offer to buy SciGenics 5,000 Shares shares for $14 each (full (GENIZ) story under GENIZ SCGN). - - SciGenics Inc. Wed Close 13 3/8 Up 1/8 or 0.9% 1,300 Shares (SCGN) - - Equivision Inc. To buy 31 radiation Wed Close 7 7/32 oncology treatment centers Up 13/32 or 5.96% owned or controlled by the 210,100 Shares co.'s largest shareholder (EQVN) for about 42 million shrs (full story under EQVN). - - Harley-Davidson Unit recalls 783 travel Wed Close 28 1/4 trailers produced between Unchaged Aug. 9, 1994 and June 20, 139,500 Shares 1995; unit will record (HDI) recall expenses of $1 mln in the third quarter (full story under HDI). - - Casino America Plans negotiations to Wed Close 12 5/8 restructure the buyout of Dn 1 or 7.3% Louisiana River Site 585,500 Shares Development's 50% interest (CSNO) in Louisiana Riverboat Gaming Partnership (full story under CSNO). "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"Ne$ @Hot Stocks To Watch: GENIZ SCGN EQVN HDI CSNO#f3~$@Fund Of Information: Info Highway, On Sale, Cheap!-&g3~$@Fund Of Information -2-: The Charms Of New Age Media$+h3~$@Fund Of Information -3-: Value Line Versus IBC/Donoghue/i3$- @Mellon Bank To Provide Pc Banking Services Through Intuit And Microsoft 2j3$&@Mellon To Offer PC Banking With Intuit, Microsoft Programs%6k3$& @Intuit Introduces Quicken ExpensAble; New Software Relieves Expense...o8l3$+ @Intuit announces Pocket Quicken Connect for Macintosh and Windows;...ilL?m3$ @Intuit Unveils ExpensAble Personal Finance SoftwarevGn3$@First Hawaiian To Offer State's First Pc Banking Program; Teams With...H'Fund Of Information: Info Highway, On Sale, Cheap! By Eric J. Savitz In October 1993, Wall Street's buzzing about the Information Superhighway reached a fevered pitch. In a proposed merger of nearly biblical proportions, Bell Atlantic announced plans to join forces with the cable giant Tele-Communications Inc. Simultaneously, QVC and Viacom were engaged in full-scale combat over the right to buy Paramount Communications, and various other companies -- including BellSouth were debating whether to jump into the fray. Almost every major operator of cable television systems was rumored to be in play. Unnerved by Bell Atlantic's bold proposal, the other Baby Bells were frantically searching for partners of their own. Offices everywhere buzzed with talk of the Internet and interactivity, of Wired magazine and wireless cable. You couldn't have dreamed up a better time for the debut of New Age Media Fund, a closed-end managed by T. Rowe Price and underwritten by Bear Stearns, Barron's reports. Armed with a( broad mandate to invest in "any facet of an integrated communications network providing an interactive flow of multimedia information" -- in other words, media, telecom and tech stocks -- New Age Media came public that October with an offering of 14.95 million shares at $15 each. The deal raised $224 million -- $208 million after deducting a 7% broker's commission -- which was about triple the size T. Rowe and Bear Stearns had originally expected. Unfortunately, recalls John Gillespie, the fund's portfolio manager, the IPO came just a few months before the I-Way suddenly became rutted with potholes and strewn with roadkill. The biggest blow came in February 1994, when Bell Atlantic's bid for TCI collapsed in a dispute over price. With that, the great telecom merger boom ground to a halt-and the Street's enthusiasm for the sector evaporated. None of which did any favors for holders of New Age Media. The price of the fund's shares, which peaked at an all-time high of 16 1/8 in November 1993, began a ra)pid deterioration, touching as low as 9 7/8 last summer. The value of the portfolio fell, and the share price fell even more. As a result, after starting its life with a premium to NAV of more than 10%, the fund plunged to a discount in the neighborhood of 20%. The fund was put on sale. And it remains on sale. Investors who bought the New Age Media IPO and still own it have yet to make any money -- the shares last week were changing hands for about $14. But you can't really blame Gillespie -- the fund's NAV has climbed to about $17 a share, a gain of nearly 22% from the $13.95 available for investment after the brokers got their commission. Lately, conditions have improved slightly. In the year's first half, New Age shares returned 21.1%, about in line with the peformance of its holdings. But the fund nonetheless continues to trade on the cheap, recently holding steady with a discount of just over 21%. Even in a market that's otherwise gone ga-ga about anything smacking of technology, the Street seems to have all but given up New Age Media for dead. Part of the reason for that is lingering bad feelings about the fund's slow start. "We've gone through a year and a half, almost two years, of damaged expectations," Gillespie concedes. "The air came out of the balloon almost right away." And he agrees that the sector still faces serious questions, some of which can be answered only by Congress. "The focus in telecom is on Washington right now, and the pending telecom bill," he says. "It's potentially sweeping legislation, addressing the regional Bells getting into long distance, cross-ownership of the Bells and cable companies, the restrictions on ownership of TV and radio stations-deregulation affecting four or five big industries." "Copyright(c) 1995, Barron's" "Provided by Dow Jones & Company, Inc" *$ -$ -$ D -$  9$ 9$d @$3 Q$ d ^$  l$$ l$D $-d $; $d $4  $3m$4 kkd3m$ 3m$ d3m$ 3m$! $3m$" 3m$ D3m$" 3m$9 3m$d3m$3m$d3m$3q$ $ ,Fund Of Information -2-: The Charms Of New Age Media Gillespie would like to see the bill pass, but handicaps its chances as 50/50 at best. Nonetheless, he remains solidly bullish on the sector, and has been gradually taking a more aggressive stance with New Age Media's portfolio. At first, with Wall Street firmly in the grip of Info Highway mania, he took a defensive stance, focusing on the regional Bells and newspaper stocks, "places where we wouldn't lose a lot of money." But as the various communications sectors subsequently endured a series of sharp corrections, the fund has steered away from large-cap, low-beta stocks, creating instead a portfolio "which has a lot of gas in it." Gillespie figures New Age Media should be invested in three groups of companies. First, there's the content providers, a group which happens to include four of the fund's five biggest holdings, each accounting for 4%-5% of assets. That quartet includes a pair of movie and television producers -- Viacom and Time Warne-r -- plus Broderbund Software, which makes educational and game programs, and First Financial Management, which processes credit cards and other financial transactions. Other content bets include Intuit, the dominant company in personal-finance software, Adobe Systems, which makes grapahic-imaging software, and CUC International, which provides a range of membership-based consumer services. All the stuff those companies make will be carried by companies in the second group, what Gillespie calls "transportation" stocks. At some risk of commoditization, this group accounts for a significantly smaller part of the portfolio. Nonetheless, it includes the fund's largest single position, the U.K. cellular operator Vodafone. Though he's less than enthusiastic about the long-term prospects for cable stocks, Gillespie confides that he's lately been buying some stocks in that group, which he considers "oversold." In the paging sector, he likes PageNet and Mobile Telecommunications Technologies, or Mtel. For exposur.e to online services, New Age owns H&R Block, parent of CompuServe, and America Online. Hardware Hopefuls Gillespie sees considerable promise in the third group, comprised of companies that provide the hardware required by the data transporters. Among telecom equipment suppliers, for instance, he's fond of both Nokia and L.M. Ericsson. He's also keen on telecom-related chipmakers, like Cirrus Logic and Xilinx. Gillespie thinks he's positioned New Age Media to take advantage of tremendous long-term growth potential. And he notes that the fat discount to net asset value provides potential to leverage returns. The large discount isn't something T. Rowe Price is particularly happy about. Gillespie says T. Rowe Price is "studying" the possibility of a share repurchase. And he admits that the notion of converting the fund to open-end status hasn't been missed. "The numbers aren't lost on us," he says. The good news is, the huge discount has begun to attract a few institutional investors. And some other admirers. The latest edition of the Capitalist's Companion, a New York-based newsletter edited by Matthew Stichnoth, contends the fat discount could "turbocharge returns in an up market, or soften them in a down one." The newsletter goes on to point out that while you're waiting, "you get to buy assets at a considerable discount to what the rest of the world has to pay. And whether or not you believe the multimedia hype has gotten too crazy, that is not a bad thing. At all." "Copyright(c) 1995, Barron's" "Provided by Dow Jones & Company, Inc"0Fund Of Information -3-: Value Line Versus IBC/Donoghue The snarling between Value Line and IBC/Donoghue has jumped a notch. As reported here two weeks ago, Value Line has sued IBC in a dispute stemming from a series of mass mailings for MoneyLetter, an IBC newsletter. Trying to make a point about the misuse of return data in fund advertising, the direct-mail piece reproduced five fund ads, including one from Value Line. Not long after they found out about that use of their ad, Value Line filed suit. IBC hasn't been particularly chatty about the litigation. Last week, though, they snapped out a press release to respond to some of Value Line's allegations. We passed a copy along to Value Line for comment, and they whipped up a statement of their own. IBC's statement charges that Value Line's lawsuit "grossly distorts the content of the IBC mailings." IBC asserts that "when viewed in their entirety, the clear intent of the challenged passages was merely to comment on the state of advertising in the m1utual-fund industry." Value Line, by contrast, describes the same material as "a hard-sell fearmongering piece" which falsely attributed statements critical of the ads to William Donoghue, the founder and former owner of the newsletter. (In a separate suit against IBC, Donoghue has won a preliminary injunction barring IBC from using his name or likeness without permission.) The Value Line suit, IBC asserts, "appears to be a blatant attempt to interfere with IBC's free speech rights to comment on the topic of mutual-fund advertising." Value Line, of course, says it is just trying to protect itself, and "is not about to stand by while others in this marketplace attack and disparage its ethics, business practices and reputation in order to gain a commercial advantage for themselves in a manner that the law forbids." There's more, but you get the general idea. These people don't like each other. A trial, to take place in Federal court in Manhattan, is to begin Aug. 15. No date yet on the mini-series. Reach Barron's mutual-funds editor by E-mail: savitz@barronsmag.com. "Copyright(c) 1995, Barron's" "Provided by Dow Jones & Company, Inc"3Mellon Bank To Provide Pc Banking Services Through Intuit And Microsoft PITTSBURGH -- Mellon Bank Corporation (NYSE: MEL) today announced that it has signed a letter of intent with Intuit Services Corporation to offer PC banking services through Intuit's Quicken and Microsoft's Money software products. By partnering with Intuit Services Corporation, Mellon can offer customers PC banking services through the nation's top two providers of personal financial management software. Mellon customers with personal computers would have access to a variety of services, including the ability to update bank or credit card records, transfer money between Mellon accounts, pay bills electronically, check account balances, order checks and communicate with Mellon through electronic mail. They also would be able to obtain stock and mutual fund price quotes through the service. Additionally, Mellon intends to announce a series of pilot programs in the fall to educate customers about how technology -- particularly 4the personal computer -- can help them access their financial services, anytime or anywhere. Mellon has conducted extensive research and will target its programs to customers who have expressed a strong interest in PC banking. "We're pleased to add PC banking and informational seminars and programs to the list of numerous service options available at Mellon Bank," said Martin G. McGuinn, vice chairman, Retail Financial Services. "Providing these services and educational opportunities for the growing number of consumers with personal computers is one more way we are responding to the changing needs of our customers and making Mellon the most convenient choice for modern financial services." Mellon plans to market the PC banking services, provide account balance and activity information, and provide customer assistance for users. Processing for the services will be provided by Intuit Services Corporation, a subsidiary of Intuit Inc. (Nasdaq-NNM: INTU), the manufacturer of Quicken software. Mellon e5xpects to begin offering PC banking services in early 1996, pending the development of software and communications links with Intuit Services Corporation. In December 1994 Mellon announced a strategic initiative to modernize its traditional retail delivery channels; enhance nontraditional delivery options; streamline internal processes; and expand Mellon's selection of products and services for consumers and small businesses. Mellon Retail Financial Services serves consumers and businesses through more than 440 offices in Pennsylvania, Delaware, southern New Jersey and the Washington, D.C., suburbs of Maryland. Mellon was one of the first banks in the country to install ATMs and today has one of the largest ATM networks in Pennsylvania. The first bank to bring supermarket banking to western Pennsylvania, Mellon currently operates 56 full-service supermarket offices throughout Pennsylvania, Delaware and New Jersey. Mellon's Telephone Center, which opened in 1986, provides full-service banking, 24 hours a day, seven days a week. With balance sheet assets of approximately $40 billion and assets under management or administration of approximately $910 billion, Mellon Bank Corporation is a major financial services company headquartered in Pittsburgh. /CONTACT: Margaret K. Cohen, 412-234-0850, or Tilda Walsh, 412-234-5873, both of Mellon Bank/ "Copyright(c) 1995, PR Newswire" "Provided by Dow Jones & Company, Inc"7Mellon To Offer PC Banking With Intuit, Microsoft Programs PITTSBURGH -- Mellon Bank Corp. (MEL) signed a letter of intent with Intuit Services Corp., a unit of Intuit Inc. (INTU), to offer personal computer banking services through Intuit's Quicken and Microsoft Corp.'s (MSFT) Money software products. In a press release, Mellon said it expects to offer PC banking services in early 1996, pending the development of the software and communications links with Intuit. Mellon said its customers would be able to do such things as update bank or credit card records, transfer money between Mellon accounts, pay bills electronically, check account balance, order checks, communicate with Mellon through eletronic mail and obtain stock and mutual fund quote prices. Intuit Services Corp. is Intuit's processing hub for on-line banking transactions, used by both Intuit and Microsoft to connect with banks using Quicken or Money. The contract expires at the end of the year. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"9Intuit Introduces Quicken ExpensAble; New Software Relieves Expense Report Headaches MENLO PARK, Calif.,--Intuit (NASDAQ:INTU) today introduced Quicken ExpensAble for Windows, new software that simplifies expense reporting. ExpensAble is the latest addition to the Quicken family of personal finance software. Of the almost 40 million business travelers in the U.S., one in four surveyed say they lose money because they mismanage their expense reporting.(1) Because ExpensAble is fast, easy-to-use and accurate, it makes it easy for business travelers to submit and get reimbursed for all of their business expenses. "Customers told us that expense reporting is one of the most tedious business tasks they encounter," said Scott D. Cook, Intuit's chairman. "ExpensAble makes expense reporting dramatically simpler, more accurate Just as Quicken is designed around a familiar metaphor, the checkbook, ExpensAble is designed around the widespread travel practice of stuffing receipts in an envelope, so travel:ers immediately know how to use it. ExpensAble eliminates the hassle of sorting receipts. Travelers simply enter their expenses in random order and ExpensAble automatically sorts and organizes those expenses into reports covering any time period (weekly, monthly or other). ExpensAble automatically performs all calculations, and provides 20 expense report templates to choose from (or, users create their company's exact form using Microsoft Excel). Users can quickly and easily print neat, accurate expense reports ready to sign and submit for reimbursement. And because ExpensAble needs just 3 MB RAM, business travelers can carry it with them on their laptops and complete their expense reports on the plane ride home. ExpensAble is fully compatible with Intuit's Quicken for Windows and Pocket Quicken(TM) and allows users to exchange information with the touch of a button. ExpensAble's seamless links to Quicken and Pocket Quicken make it easy to track all finances in one place without having to re-ente;r the same expense twice. PUT AWAY THAT PENCIL AND CALCULATOR A number of key features make using ExpensAble faster and easier than filling out expense reports by hand: - Hotel Genie quickly breaks out and records the various charges on hotel bills, including room rates and taxes, phone charges and meals. - Mileage Master memorizes the mileage of frequent auto trips (e.g., from home to the airport or between company sites), so the user doesn't need to track or retype the mileage for these trips each time. - Collate Expenses automatically sorts a pile of receipts into separate expense reports covering a designated time period chosen by the user. ExpensAble instantly produces a report for each period. - Dynamic forms prompt users for appropriate information, based on the expense type, so all relevant details are sure to be included. For example, when users enter entertainment expenses ExpensAble prompts them for the guest's name and <company. - QuickFill(R) recalls past entries such as restaurants and airlines, and fills them in automatically after the first few keystrokes. - QuickLists are pre-filled drop-down lists -- with names of hotels, car rental firms, typical expenditures, and more -- that make data entry as fast as clicking a mouse. - Foreign currency conversions are automatically calculated. - Splits easily divides expenses among different clients, departments or projects. - Quicken Connectivity moves information seamlessly among ExpensAble, Quicken and Pocket Quicken, providing a complete personal financial management solution. - Import QIF (Quicken Interchange Format) lets on-line service users download charges on certain credit cards, such as American Express, directly into ExpensAble, substantially cutting down manual data entry. - Analysis Reports show users such things as how much they've charged on a particular credit card, spent per client, and more=. ExpensAble contains 20 report templates, designed with specific types of employees in mind, including salespeople, executives, and consultants. Customers can choose from one of these 20 forms, or can edit any of the 20 by renaming and/or reordering the expense label types. All reports print onto plain paper, ready to submit for reimbursement. ExpensAble also allows customers to replicate their company's specific expense report form, or to design their own forms via an export to Excel. AVAILABILITY, PRICING, SYSTEM REQUIREMENTS ExpensAble will be available direct from Intuit and from retailers beginning Aug. 8, 1995. Through Sept. 30, 1995, ExpensAble will be available at a special introductory price of $19.95, direct from Intuit or from retailers. After Sept. 30, ExpensAble will be available directly from Intuit for $49.95. The expected retail price is also $49.95, after September 30. ExpensAble requires a 100% IBM-compatible 386, Windows 3.1 or Windows 95, 3 MB RAM, 3 MB free hard >disk space, DOS 3.3 or higher, and a 300 dpi printer supported by Windows 3.1 or higher. ABOUT INTUIT Intuit Inc., based in Menlo Park, Calif., is the leading developer of personal finance, small business accounting, and tax preparation software. The company develops and markets software products and services that enable individuals, small businesses and tax preparers to automate commonly performed financial tasks. Intuit's Quicken(R) QuickBooks(R) and QuickPay(TM) products allow users to manage their personal and small business finances. The company's popular TurboTax(R), Personal Tax Edge(R), MacIn Tax(R) and ProSeries(R) software programs enable consumers, small businesses and professional tax preparers to prepare income tax returns. Intuit and its wholly owned subsidiary, Quicken Investment Services, recently launched a line of financial decision-making software products including Your Mutual Fund Selector as well as Quicken Financial Planner. Intuit also provides supplies and services such as the Quicken VISA(R) card with IntelliCharge(TM), Bank On-Line(TM) and Pay On-Line(TM) to further automate finances. Note to Editors: (1) 1995 U.S. Travel Data Survey and Intuit Research CONTACT: Intuit, Inc. Heidi Jackman, 415/329-3651 Debra Kelley, 415/833-6538 "Copyright(c) 1995, Business Wire" "Provided by Dow Jones & Company, Inc"@Intuit announces Pocket Quicken Connect for Macintosh and Windows; mobile device users can now effortlessly link to Desktop Quicken and Quicken ExpensAble MENLO PARK, Calif.--Intuit Inc. (NASDAQ:INTU) today announced Pocket Quicken Connect for Macintosh and Windows. Pocket Quicken Connect completes the personal financial management process by providing the vital software link between Pocket Quicken and Quicken or Quicken ExpensAble. Pocket Quicken is the leading mobile financial application that helps busy individuals stay on top of their finances even while on the go. Quicken ExpensAble, also introduced today by Intuit, is a new software product that simplifies expense reporting for business travelers. "The addition of Pocket Quicken Connect gives mobile users the perfect time-saving financial management system," said Eric Dunn, vice president and general manager of Intuit's Personal Finance Group. "By using Pocket Quicken to track expenses as they happen, users don't ever have to get behind.A Once they get back to their laptop or desktop PC, they can integrate their data into Quicken or Quicken ExpensAble easily and quickly." Pocket Quicken Connect provides the only seamless link between Intuit's best-selling Quicken and the new Quicken ExpensAble products on the desktop and Pocket Quicken on Newton, Magic Cap or HP Palmtop PC mobile devices (such as the Apple MessagePad, the Sony Magic Link personal communicator, the Motorola Marco and Envoy Personal Wireless Communicators, and HP 100LX and HP 200LX devices). Pocket Quicken Connect effortlessly transfers data to Quicken (or Quicken ExpensAble), and sends back an adjusting balance to Pocket Quicken, so users always have their most current financial information with them wherever they go. Pocket Quicken users, who already enjoy the benefit of portability and fast data entry on their mobile devices, can now take advantage of Quicken's financial insight and management capabilities and Quicken ExpensAble's powerful expense reporting capabilitBies. All together, the software provides a complete financial solution for mobile professionals. Pocket Quicken Connect for Windows The new version of Pocket Quicken Connect for Windows adds support for Quicken ExpensAble to the Pocket Quicken Connect for Windows product introduced earlier this year. It also adds connectivity support for HP Palmtop PC mobile devices in addition to Newton and Magic Cap devices. Users capture their expenses on the go in Pocket Quicken, then easily send them to Quicken or Quicken ExpensAble without having to retype transactions already recorded. Users need only to connect their mobile device to their PC using a serial cable (sold separately). Then, Pocket Quicken Connect automatically sends transactions from the mobile device to the desktop or laptop computer. Users can even access Pocket Quicken Connect without ever having to leave Quicken or Quicken ExpensAble. Pocket Quicken Connect for Macintosh Now, for the first time, Pocket Quicken Connect for MacintoshC is available, with support included for Pocket Quicken on Newton and Magic Cap devices. Pocket Quicken Connect for Macintosh was specially designed for the Macintosh, leading users through the connection process step-by-step with the familiar Macintosh interface. The product is accelerated for Power Macintosh. Pocket Quicken A number of key features make Pocket Quicken easier and faster to use than keeping track of paper receipts while on the go, before returning home, to work, or to a hotel, and entering them into Quicken or Quicken ExpensAble. Easy to Use -- Pocket Quicken works the way people work throughout their day. It was designed around the familiar concept of a wallet. Users simply choose the account they want to use in their "wallet" (credit card, cash, check), then record spending information on an "electronic receipt." Pocket Quicken then automatically records and categorizes the transaction. Organizes All Expenses -- Pocket Quicken tracks and categorizes all spending, includinDg checking, ATM transactions, credit cards and cash. With Pocket Quicken, users always know where their money goes. Business Travel Expenses Tracking -- Pocket Quicken makes it easy to track business travel expenses. Users can track spending for specific business trips or individual clients. At the end of a trip, they can view a report that contains all the information needed for an expense report. To fill out and file the report, travelers can use Pocket Quicken Connect to automatically transfer their data to Quicken ExpensAble. Fast and Convenient Data Entry -- Pocket Quicken's portability provides a major step in enabling easy data entry. Tracking transactions as they occur, Pocket Quicken user can fill out and categorize an "electronic receipt" as fast as they can write and record a check using a traditional checkbook. Up-to-Minute Information -- Pocket Quicken provides instant access to up-to-date financial information. Users can quickly and easily look up account balances, account regisEters, spending by category and business expense reports. Portable Financial Manager -- Pocket Quicken lets users keep their finances complete, accurate, and up-to-date, whenever and wherever it's convenient. Pocket Quicken can be used as a standalone personal finance manager with basic report capabilities or as a data capture device that can communicate with desktop versions of Quicken and Quicken ExpensAble. Users can merge their Pocket Quicken data with desktop Quicken via Pocket Quicken Connect for Windows or Macintosh. Pricing and Availability Pocket Quicken Connect for Macintosh is now available direct from Intuit for $29.95. Pocket Quicken Connect 2.1 for Windows will be available in late August direct from Intuit also for $29.95. To order, customers should call 800/243-4650 x 810 340. Intuit Inc. Intuit Inc., based in Menlo Park, Calif., is the leading developer of personal finance, small business accounting and tax preparation software. The company develops and markets software Fproducts and services that enable individuals, small business and tax preparers to automate commonly performed financial tasks. Intuit's Quicken, QuickBooks and QuickPay products allow users to manage their personal and small business finances. The company's popular TurboTax, PersonalTax Edge, MacInTax, and ProSeries software programs enable consumers, small businesses and professional tax preparers to prepare income tax returns. Intuit and its wholly owned subsidiary, Quicken Investment Services, recently launched a line of financial decision-making software products including Your Mutual Fund Selector as well as Quicken Financial Planner. Intuit also provides supplies and services, such as Quicken VISA card with IntelliCharge, Bank On-Line and Pay On-Line to further automate finances. Note to Editors: Intuit, Quicken, QuickBooks, IntelliCharge, TurboTax, PersonalTax Edge and MacInTax are registered trademarks of Intuit Inc. Pocket Quicken, Pocket Quicken Connect, QuickPay, Quicken ExpensAble and ProSeries are trademarks of Intuit Inc. Visa is a registered trademark of Visa. All other trademarks are property of their respective owners. CONTACT: Intuit Anne French, 415/329-3005 Debra Kelley, 415/833-6538 "Copyright(c) 1995, Business Wire" "Provided by Dow Jones & Company, Inc"Intuit Unveils ExpensAble Personal Finance Software MENLO PARK, Calif. -- Intuit Inc. (INTU) said it will sell Quicken Expensable for Windows, a new software that simplifies expense reporting such as travel cost reimbursement. In a press release, Intuit said Expensable will be available Aug. 8 at an introductory price of $19.95 until Sept. 30. After Sept. 30, ExpensAble is expected to have a price tag of $49.95. In a separate release, Intuit also said it will sell Pocket Quicken Connect for Macintosh and Windows, which is a software link between Pocket Quicken and Quicken or Quicken Expensable. The company said Pocket Quicken is available immediately for $29.95. Intuit, Menlo Park, Calif., is a developer of personal finance, small business accounting, and tax preparation software. "Dow Jones News Service" "Copyright(c) 1995, Dow Jones & Company, Inc"IFirst Hawaiian To Offer State's First Pc Banking Program; Teams With Microsoft And Intuit To Provide Innovative Service HONOLULU -- First Hawaiian Bank has signed a letter of intent with Intuit Services Corporation to become the first bank in Hawaii to offer PC Banking services through Intuit's Quicken and Microsoft Money for Windows 95 software products. Various on-line banking and bill payment services will be available in early 1996, according to an announcement today by Walter A. Dods, Jr., First Hawaiian chairman and chief executive officer. By partnering with Intuit Services Corporation, First Hawaiian Bank will be providing PC banking services through the nation's top two providers of personal financial management software. It is expected that First Hawaiian Bank customers who sign up will be able to manage their checkbook on-line, including access to current balance, checks cleared, and transaction information. Account reconcilement and check printing is scheduled to be available through thJe program, and users can also transfer funds between bank accounts and obtain current loan and deposit balance information. Additionally, the service is designed to allow users to make payments from their accounts electronically to anyone in the United States, schedule payments in advance, and establish automatic or recurring payments. It is expected that the software will include personal money management features such as savings and retirement planning, loan calculations and personal budgeting features, to track finances. Finally, users may obtain stock quotes on-line through the Money for Windows 95 software. "An increasing number of customers are finding that computer banking provides compelling advantages to other delivery systems. PC Banking is the next logical step in our strategy to offer our customers the latest in banking services and convenience," Dods said. "This strategy also includes providing banking services via the telephone with products like Loan by Phone, Home by Phone and YesLKine 24-hour customer service as well as an extensive ATM and branch network throughout Hawaii. Our purpose is to serve the customer's wishes in both locational and time convenience -- anyway, anywhere and anytime. "We are very pleased to have First Hawaiian Bank work with us in providing online banking services," said Rich Bray, product unit manager, personal finance products, at Microsoft. "This relationship continues to expand the availability of these services and further demonstrates our commitment to making online banking available to Money for Windows 95 users nationwide." "We are thrilled to be working with First Hawaiian Bank, an institution that shares our commitment to innovation and customer service and is a clear leader in its field," said Intuit chairman Scott Cook. "Millions of Americans have entrusted Quicken to help them take control of their finances and make smarter financial decisions. Together with First Hawaiian Bank we will be able to deliver even more benefits to even more customers." According to Dods, First Hawaiian's PC banking program will carry a monthly fee of $9.95 for the basic service. System requirements for the new service include a PC with a 386 DX or higher processor, Microsoft for Windows 95 operating system, eight megabytes of random access memory, an internal or external 2400 or higher bps modem and the new version of the Microsoft and/or Intuit software. Release of the Microsoft Money for Windows 95 software is scheduled for November 1995, while the Intuit software is expected in the second quarter of 1996. First Hawaiian Bank is the principal subsidiary of First Hawaiian Inc. (Nasdaq: FHWN), a bank and savings and loan holding company with total assets of more than $7.5 billion. First Hawaiian Bank has 63 branches and over 100 ATMs in Hawaii and Guam. /CONTACT: Gary Caulfield of First Hawaiian Bank, 808-844-3600; or Kirk Dauksavage of Intuit, 708-852-4700/ "Copyright(c) 1995, PR Newswire" "Provided by Dow Jones & Company, Inc"MHot Stocks To Watch: Cited On Wall Street Week The following stocks were discussed by Bernadette Murphy, managing director of a regional brokerage firm, and Jeffrey D. Adams, vice president of Denver Investment Advisors, on the Aug. 11, 1995, "Wall $treet Week With Louis Rukeyser" broadcast on PBS stations. Company Company News - - Disney (DIS) Murphy thinks the recent pullback Columbia/HCA Healthcare in the price of Disney makes that (COL) a buy. She also likes stocks in Genesis Health Ventures the health-care sector including (GHV) Columbia/HCA Healthcare and Genesis Health Ventures. - - Intuit Inc. (INTU) Adams thinks software maker United Waste Systems Intuit, regional waste-hauler (UWST) United Waste Systems and Worldcom Inc. (WCOM) long-distance carrier Worldcom represent excellent buying opportunities. "Provided by Dow Jones & Company, Inc"%o3$9@Hot Stocks To Watch: Cited On Wall Street Week;L