while we are on a roll, let us hear from Mike Block again,
(You can sense Mike is 'head over heels' in love with the xciting & beautiful Miss Xero, with x-Factor. ...can't fault him for that) --------------------
21 Oct 2013,
Why Intuit Shares Will Dive, Motley Fool 2 & 3
Why Intuit Shares Will Dive, Motley Fool 2:
Here is one more way Intuit is cutting revenue and cutting its throat (exactly as I said):
QuickBooks Online Now Free for A Year For Canadian Startups, http://blog.intuit.ca/quickbooks-online-free-for-a-year/#sth....
A new QuickBooks Online for Australia also is 40% off.
No one could ever pay many of us to use QBO for long, so having Intuit suddenly cut prices for us will not make it any more attractive. Our big cost is our time, which QBO wastes.
Why Intuit Shares Will Dive, Motley Fool 3:
•Intuit stock also will dive because two-thirds of new Xero sales now come from professional accountants.
An Intuit survey showed it should sell through these small business trusted advisers, but it repeatedly antagonized us instead. It did so with ads that told users they did not need us for taxes and bookkeeping, while asking us to supplement its inadequate tech support, cut taxes and clean up endless QuickBooks / Quicken messes.
It also antagonized us with direct and retail prices that undercut our discounts.
Most important, it antagonized us with the biggest diploma mill, selling 68,000 so-called QuickBooks Professional Advisor certificates without tests. It did so after its survey showing that untested Advisors caused all Advisor complaints. It also repeatedly referred users to untested Advisors knowing its survey showed this sharply cut the income of tested QuickBooks Certified ProAdvisors.and wasted about $1 billion a year for end users.
Intuit even used a Certified ProAdvisor title with the CPA initials of our well know Certified Public Accountant brand, thereby cheapening it, despite many objections.
10/20/2013 Why Intuit Shares Will Dive - Motley Fool
I wonder if Intuit somehow pays for posts like Why Intuit Shares Might Keep Rallying (Motley Fool).
As a former long-time Intuit insider, I had many facts for my unpaid comment on Why Intuit Shares Will Dive:
It was ridiculously uninformed to write Why Intuit Shares Might Keep Rallying.
Here is why intuit shares will dive.
Xero more than doubled users each year, as QuickBooks lost users. QB also lost 70% of add-on links in 21 months, while Xero doubled add-ons.
Many prominent QB professionals were at a Xero conference this month, though Intuit kept asking some not to come. **Most plan to quickly switch many clients to Xero.
This partly relates to having many CPAs deeply resent Intuit ads saying users do not need accountants to do their taxes and bookkeeping, when Intuit actually solicit us to clean up resultant messes and tax overpayments. They also resent Intuit undercutting our supposed insider prices with retailers.
This resentment also relates to Intuit running the world's biggest diploma mill, giving QB ProAdvisor cerificates without tests,...........
Who do stock market investors think has the best accounting software? http://1234567890.typepad.com/quickbooks/2013/10/best-small-business-accounting-software.html
(20min delay)