Adobe is it ready to move up? Message Board

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Technology Stocks : Adobe is it ready to move up?

ADBE 340.31

+0.3%

Oct 31 9:30 AM EDT

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To: Peter J. Ochs who wrote (26)	6/25/1996 10:10:00 PM
From:	of 89

Are we looking at the same chart? After last quarters earnings adbe rose from 31 on March 22nd to 44 on May 17th and then proceeded on its downward decline to todays 33 7/8. You are correct about the decline the day after last qtrs earnings beat estimates, but I seem to remember that the restructuring charge for the Frame acquisition was much greater than anticpated. I don't know what was expected for this qtrs acquisition, but the press release treated it 'as expected' I think that last quarters release discussed the 'increased' charge. (Anyone else remember this? I'll have to take a look at last qtr again) ....we'll see whos a better tea-leave reader tomorrow. (I predict a 2 point gain)

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