RANDOM THOUGHTS: THANKSGIVING

Thanksgiving reminded me again that it's the little things I am most thankful for; the family, good food, the two cops who didn't arrest my daughter for underage drinking when they had a chance. Of course, it was only last year she asked me, “Dad, have you ever been arrested?” I replied, “No, but I’d put that in the category of minor miracle.” ...

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PFW GETS AVALARA CONNECTION

Sage PFW, a sometimes overlooked product, can now work with the products of sales-and-use tax vendor Avalara, via the AvaTax for Sage PFW ERP. The interface was written by Sage PFW master developer Dynamic Business Solutions, which is based in South Burlington, Vt., enables PFW users to utilize AvaTax's tax calculation, compliance and reporting features.

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INTUIT BUYS MINT

Brad SmithThis deal has little impact on the ERP midmarket, except that it continues to show that Intuit is willing to buy rather than build to get its connected services model moving.  The immediate impact is more important for Intuit’s financial services business where Mint will be aimed at online banking customers.

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BENNETT CLEARS OUT INTUIT STOCK

Former Intuit CEO Stephen Bennett did some summer house cleaning on his portfolio last month as he cashed out Intuit stock that he acquired through the exercise of options. Bennett purchased the 304,721 shares through the option exercise for $6.75 million, and sold them for $9.15 million in an automatic sale. The option price was $22.16 per share and the sale price $30.04 each, an 88-cent-per-share difference. He reported on September 2 that he owned no shares of Intuit stock directly. I don't know if that means he has used all his options or not. Automatic sales are generally used by executives to avoid potential insider trading issues. Read more...

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