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Technology Stocks : Adobe (adbe) opinions

ADBE 328.85

+0.6%

Nov 10 3:59 PM EST

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To: chaz who wrote (2919)	10/27/2002 11:51:35 PM
From: Dave	Read Replies (1) of 3111

Yes, InDesign is making inroads but what of their other product lines? Premiere is being dropped on the Mac, and its creator works for Apple. Photoshop is as mature as graphics apps get. Acrobat's basic PDF-writing functionality comes for free with every Macintosh. Postscript is so mature that it had a freeware clone (Ghostscript) years ago. What does Adobe have that could possibly justify a 30.8 P/E (very near Microsoft's 31.3, which is arguably inflated by its status as the last bastion of desperate bubble speculators) and a $5.6 billion market cap? Dave

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