It’s going to be everyone against everyone, everywhere, in the low-end cloud business. There’s no indication Reckon would come to the United States, but it has a product here, the nQueue cost recovery package. So who knows? Meanwhile, there is opportunity for business trash talking. In an article dated August 14, Reckon CEO Clive Rabie took on Xero verbally in the National Business Review. “I think you're starting to see Xero plateau in places like New Zealand," he told NBR. Rabie also predicted Xero would run out of cash by September. I think somebody missed something. Rabie is quoted as saying Xero had $36 million (New Zealand dollars) two months ago. However, Xero's cash report of July 31 shows that on June 30 it had $192.7 million. Hmm. Meanwhile, net income for the half just ended reached about $8.8 million, up 7 percent from a year ago. Revenue hit roughly $47.5 million, a 3-percent hike from last year’s corresponding period. Subscription revenue was about $25.9 million, up 12 percent. The company noted it saved around $2.3 million on Intuit royalties, compared to the same period last year. It also acquired 14.8 million of Reckon shares that Intuit owned for somewhere in the range of $27 million.