INTUIT ANNOUNCES POCKET QUICKEN FOR MAGIC CAP -- THE FIRST 'SMART WALLET'

Easy and 'Intuitive' Pocket Quicken for Magic Cap solves the problem of
expense tracking on-the-go

MENLO PARK, Calif.--Jan. 6, 1994--Intuit Inc. (NASDAQ: INTU) the leading
developer of personal and small business finance software, today announced
Pocket Quicken for General Magic's Magic Cap platform. Taking advantage of
the graphically rich Magic Cap environment, Pocket Quicken is the first
true knowledge-based "Smart Wallet," helping users organize their finances
and track spending. The intuitively designed "Smart Wallet" enables
today's mobile users to easily track their expenditures and keep an
account of their daily cash-flow.

"Until now, busy professionals haven't been able to track their spending
while away from the home or office. Whether we're on a business trip or
going about our daily lives, most of us find that money mysteriously
disappears into an unexplainable 'black hole'," said Scott Cook, president
of Intuit. "With Pocket Quicken for Magic Cap, for the first time, people
have access to a smart wallet, that gives them instant knowledge of
exactly how and where they're spending their money."

The introduction of Pocket Quicken for Magic Cap is an important step in
Intuit's mission of providing financial solutions for mobile individuals,
making it easy for users to organize and track their finances--anytime,
anywhere. Pocket Quicken, the first personal finance application for the
Personal Digital Assistant (PDA) market, provides a breakthrough in
financial organization by allowing time-constricted consumers to capture
and review financial information on-the-go. This "any time, anywhere"
benefit is a natural next step for Intuit, whose Quicken personal finance
product is the leader in the desktop PC market.

Pocket Quicken, a brand-new product that was designed from the bottom up
for the Magic Cap environment, provides the same basic checking, credit
card and cash account tracking as the best-selling Quicken personal
finance software. Pocket Quicken's innovative design for portability helps
on-the-go consumers organize their finances by providing immediate and
accurate financial information.

"We believe that Pocket Quicken for Magic Cap will revolutionize the way
today's busy professionals track and organize their finances," adds Cook.
"The graphical richness and quality of Magic Cap's environment made it
easy for us to develop this breakthrough design of the 'Smart Wallet'."

Product Benefits

Easy to Use - Pocket Quicken works the way people work throughout their
day. It was designed around the familiar concept of a wallet. A user
simply points to an object in the wallet (credit card, cash, check), then
records 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, including checking, ATM transactions, credit cards, and cash.
With Pocket Quicken, users always know where their money goes.

Business-Travel Expense Tracking - Pocket Quicken makes it easy to track
businesstravel expenses. A user can quickly set up "envelopes" to track
specific business trips or individual clients. At the end of a trip, the
envelope will contain all the information for an expense report.

Fast and Convenient Data Entry - Pocket Quicken's portability provides a
major step in enabling fast and convenient data entry. Tracking
transactions as they occur, Pocket Quicken users can fill out and
categorize an "electronic receipt" as fast as they can write and record a
check using a traditional checkbook.

Portable Financial Manager - Pocket Quicken's portability makes it easy for
users to keep their finances complete, accurate, and up-to-date. Pocket
Quicken can be used as a stand-alone personal finance manager with basic
report capabilities or as a data capture device that can communicate with
desktop versions of Quicken. Users can merge their data with desktop
Quicken via a separate connectivity pack.

General Magic

General Magic is backed by an alliance of leaders from the computer,
consumer electronics and communications industries. With this backing,
General Magic will use Magic Cap to develop a new class of easy-to-use
personal intelligent communicators. Magic Cap's user interface design
provides breakthrough ease of use that makes it the ideal platform for
tapping the finance automation market that Intuit addresses so
effectively.

"Personal finance software is a key component of today's personal
intelligent communicators market," said Marc Porat, chairman and CEO of
General Magic. "With Pocket Quicken for Magic Cap, Intuit has once again
shown its leadership in providing innovative, easy-to-use financial
solutions with broad appeal. Pocket Quicken for Magic Cap, with its
creative breakthrough design and intuitive user interface, is a compelling
application that sets the standard of excellence in the personal
communicator market."

Pricing and Availability

Pocket Quicken for Magic Cap will be available upon introduction of
hardware supporting the Magic Cap platform. Pricing and specific retail
channel information will be announced separately.

Intuit Inc.

Intuit, based in Menlo Park Calif., is a leading developer of personal
finance, small business accounting and tax preparation software. The
company develops and markets software products that enable individuals and
small businesses to automate commonly performed financial tasks. Intuit's
Quicken and QuickBooks products allow users to manage their personal and
small business finances. Intuit also provides supplies and services, such
as the Quicken VISA card with IntelliCharge, that work with its software
to further automate finances. The company's popular TurboTax, MacInTax and
ProSeries software enable consumers, small businesses, and professional
tax preparers to prepare their own or their clients' tax returns.

Intuit Inc
155 Linfield Ave, PO Box 3014
Menlo Park, CA 94026-3014
415-322-0573

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