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Technology Stocks : Adobe (adbe) opinions

ADBE 347.79

-1.0%

3:59 PM EST

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To: country boy who wrote (1706)	9/20/1997 7:27:00 PM
From: Peter Shaw	of 3111

I suggest everyone listen to the conference call if the recording is still available. From the sound of it, the analysts are very sceptical of strong results for the next few quarters. 1998 will be very backend loaded for revenues due to the lack of new releases. Of course, ADBE feels that the current crop of just released products constitute a strong new revenue source. They also took a wait and see attitude on the new marketing program. Lots of if we're succesfuls. Analysts feel that the company is managing their financials well, but almost nobody congratulated them for a great quarter. They were grilled on where this surge of revenue came from, because the street hates big suprises! Anyway, don't expect much help from the upgrades...I doubt they're on the way. The lawsuit win was huge, as it was a minimum $110 million liability, and treble damages could have been assessed. Expect a nice morning pop. I'm recommending a sell to my investors, but this is JMHO, not formal investment advice. Congrats to all who were long. I think we're at fair value in here... Cheers, Peter Shaw

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