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Technology Stocks : Adobe (adbe) opinions

ADBE 351.15

-1.5%

Dec 15 3:59 PM EST

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To: James Petersen who wrote (1743)	9/23/1997 10:55:00 AM
From: Greg Jung	of 3111

All, is there a fly in the ointment, maybe? Licensing revenue decreased however application revenue made up for it (and more). From September 11, 1997: biz.yahoo.com ADBE noted that a surge in applications product shipments in the last week of the third quarter led to record quarterly revenue. The application products revenue increase more than offset a decrease in licensing revenue during the quarter that resulted from a number of factors affecting original equipment manufacturer shipments, primarily in the Japanese market, and price reductions by Hewlett-Packard Co. (HWP) for its monochrome laser printers. However they have a surge of application shipments in one last week of the quarter. Stuffing the channel for back-to-school/ Christmas? This is bound to be a very eratic component of the business. Any thoughts on what the follow-up quarters can bring and when are the critical times to watch this stock. Greg

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