PRESS RELEASE:
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 28, 2002--Adobe Systems
Incorporated (Nasdaq:ADBE), the leader in network publishing, today is
providing its regular intraquarter business update for its fourth
quarter of fiscal 2002, which ends Nov. 29, 2002.
With five weeks remaining in the quarter, Adobe announced that it
believes it will achieve revenue and profit results within its
previously announced target ranges. The Company expects to achieve
revenue between $285 to $300 million, and pro forma earnings of $0.21
to $0.25 per share in the quarter.
Adobe's management team plans to discuss this update at its Fall
Financial Analyst Meeting, which will be held today in New York City.
In addition, they will provide details about its future operating
model and strategic business plans for fiscal year 2003.
"I'm excited about aligning our core strengths with emerging
market trends," said Bruce Chizen, Adobe president and chief executive
officer. "Each of our three areas of focus -- Acrobat-based solutions
for the enterprise, digital imaging, and creative professional
solutions -- represent significant, long-term opportunities for
Adobe."
The analyst meeting will be broadcast live from Adobe's Website
(www.adobe.com/analystmeeting) beginning at 1:00 pm Eastern Time. For
those unable to attend the meeting or watch the Webcast, an archive of
the event will be available on Adobe.com for a limited time.
The Company plans to report its fourth quarter fiscal 2002 results
on Dec. 12, 2002 after the market closes. |
