Microsoft has decided to stop supporting and developing Microsoft Money.
It has competed with Intuit’s Quicken for at least a decade, and Microsoft Money has its loyal fans who prefer it to Quicken.
However, times are tough everywhere — even at Microsoft — and unprofitable products are being discontinued. Microsoft has recently discontinued development of its Encarta encyclopedia and its OneCare antivirus products. It’s too bad that the 300 million dollars that Microsoft spent on PR for Windows Vista last summer hadn’t been spent more fruitfully elsewhere. Vista has been a money pit for Microsoft.
Microsoft is expected to ship Windows 7 in October, which just might put Microsoft back on track.
Intuit is working on a data conversion tool that will help Microsoft Money users move their data to Quicken. It’s expected to appear this fall.
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