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Microsoft Pulling the Plug on 'Money'

by Terrence O'Brien on June 11, 2009 at 01:25 PM

Microsoft Pulling the Plug on Money
Microsoft has been trimming the fat recently, and not just by laying off employees. The company is ending entire product lines; 'Encarta,' 'Flight Simulator,' and 'Windows OneCare' have all bitten the dust, and now joining the list of deceased software packages is 'Money.'

The personal finance program, which has been available online since last year, will be taken off the market at the end of June, CNET News reported yesterday. Microsoft will continue to support it through January of 2011. Then, automated feeds from banks and credit card companies will no longer be available via 'Money.'

While 'Microsoft Money' has enjoyed some success, the app consistently trailed 'Quicken' in the race for market dominance. It has been facing new pressure, too, as Web-based financial programs, like 'Mint' and Intuit's 'Quicken Online,' have become increasingly popular.

Hopefully, a perk of Microsoft cutting off these products will be a renewed focus on its core business -- Windows and 'Office.' [From: CNET]

Tags: economy, finance, microsoft, recession

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