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Technology Stocks : Adobe (adbe) opinions

ADBE 355.77

+0.4%

3:59 PM EST

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To: Brander who wrote (1676)	9/19/1997 11:08:00 AM
From: Senthil Sankarappan	of 3111

To Peter and all, I am a share holder of ADBE (at ~$42) and have this question to you. All the recent news seems to be very +ve to me esp this 15 Mil share repurchase out of ~74 Mil outstanding. Still there are no upgrades and no big time buying. All the buying so far seems to be from small investors. When will the big guys come? Are these analysts this stupid not to recommend ADBE in low prices and do you think they all will join the HERD club of upgrades when ADBE gets to high 50's. Now Peter, you really seem to know your stuff and you have been +ve about ADBE's fundamentals but still you are not LONG on ADBE because of the boring trading pattern of ADBE. OK. What will make you to go LONG again in this stock? Breaking 50?? or what more good news you want? Aren't these earnings reports or this 20% share buy back not enough? Since I consider you as a very level headed investor, i really will be glad to see your opinions. Thanks -senthil

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