Intuit Drops Quicken

Citing declining sales, Intuit has stopped development of Quicken for Macintosh, a long-popular personal finance package; details about the decision are posted on Intuit’s Web site. Intuit does plan to continue selling and supporting Quicken 98 for the Macintosh, but Quicken’s Macintosh engineers have been re-assigned to work on expanding Intuit’s Internet-based personal finance services. This move comes less than a year and a half after the company ceased developing Mac versions of QuickBooks and QuickBooks Pro, its professional accounting and tax software, and essentially leaves the Macintosh without personal financial management software, since Quicken has long-dominated the Macintosh market. Intuit says it will continue to develop MacInTax, its Macintosh-based tax preparation software.