Adobe is it ready to move up? Message Board

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Technology Stocks : Adobe is it ready to move up?

ADBE 340.28

+0.3%

3:59 PM EDT

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To: who wrote (25)	6/25/1996 8:29:00 PM
From: Peter J. Ochs	of 89

YES...I believe that the earnings will negatively impact the price. How much is another question, but 10% is not stretching very far. My logic stems from two basic premises: ADBE beat earnings last quarter by $.03 cents and then proceeded to fall 10-15% in the ensuing days. Secondly, the market is not kind these days to companies whose growth is not in double digits. Last quarter Adobe released earnings in a friendlier market and still got pounded. Look at 3COM, they are in a solid growth industry and reported excellent percentage increase in revenue and earnings, yet fell short of estimates by $.01....down 10% today. This market is frightening. Im skeptical about any company these days. Pete

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