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[News] Free Software Shows Its Value as Microsoft Loses Money

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Open source takes no hostages 

,----[ Quote ]
| Have you ever had the experience of creating and storing data in a certain 
| application, only to find that your dependency on a proprietary format means 
| that you have lost all your data?  
| 
| [...]
| 
| With a package like Money, new versions take into account the changing laws 
| that govern small business and personal finances and the headache of managing 
| money disappears.  
| 
| But what about your data? Is Microsoft going to offer a package that can 
| translate that data into something that could, perhaps, be used by a package 
| like that put out by Intuit?  
| 
| Unlikely, given that Microsoft once tried to buy Intuit and was only stopped 
| by the US department of justice which "felt strongly that the proposed merger 
| would lead to higher prices and less innovation in the personal finance 
| software market."   
`----

http://www.itwire.com/content/view/25627/1148/

The End Of Microsoft Money: Big Company Doesn't Always Win

,----[ Quote ]
| A great example of this is the failure of Microsoft Money. The company has 
| now announced that it's going to discontinue the product despite years of 
| effort and millions of dollars spent to try to defeat Intuit's Quicken 
| product. In fact, the saga of the battle between Intuit and Microsoft 
| highlights (yet again) that it wasn't so much the invention part that allowed 
| Intuit to win the battle, but the innovative way in which Intuit kept and 
| grew marketshare. In an interview with News.com, the guy who ran Microsoft 
| Money for a few years, noted that Intuit beat Money because they did a better 
| job with the marketing.         
`----

http://techdirt.com/articles/20090612/0032535204.shtml


Recent:

Microsoft debt offering raises questions about plans for funds

,----[ Quote ]
| Microsoft, which has historically avoided borrowing money, this morning took
| the next step in its previously announced plan to raise funds through a
| public debt offering. The company made the move in a preliminary prospectus
| filed with the Securities and Exchange Commission.
`----

http://www.techflash.com/microsoft/Microsoft_debt_offering_raises_questions_about_plans_for_funds_44725857.html


Microsoft to close the till on Microsoft Money

,----[ Quote ]
| Microsoft announced in August 2008 that it would no longer sell Money through
| retail stores. The company said at that time that plans to release a Money
| Plus 2009 release were cancelled.
`----

http://blogs.zdnet.com/microsoft/?p=3021
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