Adobe (adbe) opinions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Adobe (adbe) opinions

ADBE 331.12

-0.8%

Nov 14 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark Palmberg who wrote (2701)	8/30/1999 8:57:00 AM
From: Mark Palmberg	Read Replies (1) of 3111

http://www.news.com/News/Item/0,4,84-41028,00.html?tt.yfin..txt.ni The company has spent the last year restructuring, cutting jobs and re-investing into its Internet commerce and marketing initiatives. The strategy is working: After only making about $30 million in profit in each of the first two quarters of 1998, the company has rebounded with a net income of $50.3 million, $38.3 million, and $46.3 in the last three quarters. "It's taken some time, and it wasn't without pain, but things are starting to come together for Adobe," said Vogel, who rates the company's stock as a "buy." He predicts the stock will rise to $117 in 12 months and that the company will earn $168.3 million this fiscal year on $1 billion of revenue.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next