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Technology Stocks : Adobe (adbe) opinions
ADBE 355.77+0.4%3:59 PM EST

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To: Peter Shaw who wrote (1591)9/10/1997 1:54:00 PM
From: Vinod   of 3111
 
I think the following will help the stock in near term:

1. better than expected EPS. Expected EPS is 44C, which I think should easily be exceeded.
2. Earning revisions upwards. Currently analysts are expecting $2.15 for this year and $2.50 for next year. I see prospects fo earning revisons upwards to $2.30 and $2.65 for this year and next year respectivly.
3. stock is trading in lower range of historical PE.

I see the stock should trade 19 PE for 98 earnings which is $47.50 ($2.50 current earning for 98) and $50 ($2.65 for 98).

I do not see no -ve pattern at this time in the stock.
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