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Old May 3, 2005, 11:50 AM   #1
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For Intuit, 'unanswered prayers' spell success

Sometimes the best outcomes are the ones you don't want.
In 1994, Intuit co-founder Scott Cook figured that he could secure his company's future by turning it into a division of Microsoft. The U.S. Department of Justice thought otherwise, putting an end to that grand merger idea.

But being forced back to the drawing board was the best thing that could have happened to Intuit, because it prompted Cook to lay the groundwork for one of the more remarkable corporate second acts. The company has since established itself as the clear market leader in tax preparation software, leaving Bill Gates to wonder what might have been.

Intuit recently hiked revenue and earnings estimates for its current quarter and fiscal 2005--even before the quarter's official finish. Just after that announcement, CNET News.com caught up with Cook, these days holding down the title of chairman of the executive committee of Intuit's board.
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