Macromedia...making a comeback? Message Board

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Technology Stocks : Macromedia...making a comeback?

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To: ALTERN8 who wrote (2664)	2/1/2001 4:24:27 AM
From: greggcap	Read Replies (1) of 2675

Wednesday Jan 31 2001 The Wall Street Journal reports in its on-line edition that Macromedia is one of the few profitable Internet companies that has excellent prospects for remaining in the black. Lewis Perdue, in a glowing review of the company for WSJ.com, says, however, its stock was still beaten down this past month. Macromedia weathered 2000's dot-com meltdown in better shape than many, losing only about half its market cap at a time when a 95-per-cent gutting was the norm. After releasing fiscal third-quarter financials on Jan. 16 that showed pro forma diluted net income of 29 U.S. cents a share and the San Francisco company said that it expected fourth-quarter growth and profits to be "similar" to the third quarter. Macromedia is acquiring Allaire for $360-million (U.S.) Allaire's development tools make a perfect fit for Macromedia's multimedia software suites. Further, Macromedia's Flash and Shockwave consumer products are among the few browser plug-ins that are both friendly and usable to Web surfers, but which have a near-ubiquitous presence among Web users. I like MACR, it saved my financial ass when it made its friendly takeover offer for Allaire. gregg

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