Adobe (adbe) opinions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Adobe (adbe) opinions

ADBE 356.43

+1.7%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: country boy who wrote (1760)	9/24/1997 9:44:00 AM
From: Mike Connolly	of 3111

Wonder if MACR's jump yesterday implies any imminent announcements. I guess it would help ADBE iffff they paid a fair price (as opposed to overpaying for Frame). Might be smart to at least take the company off the table so MSFT doesn't get it (although it would be kind of ironic having to pay for Freehand a second time). Macromedia Gains on Rumors Company Might Be Purchased Dow Jones Newswires 9/23/97 Shares of Macromedia Inc., a developer of software tools, gained Tuesday amid renewed chatter that the San Francisco company might be on the selling block. The company has seen its fortunes fall because of a troubled transition to new products and uncertainty about Apple Computer Inc.'s future. Macromedia's software is popular among graphic artists who use Apple's Macintosh computers. Macromedia has been pushing increase sales of software used on Windows-based computers, but hasn't seen a big payoff yet. The San Francisco Chronicle Tuesday reported rumors are again making the rounds that the company might be sold. Macromedia's low stock price makes it an attractive takeover target in an industry that has been consolidating. Speculation has been rampant in recent months that Mountain View, Calif.-based Adobe Systems Inc. considered buying Macromedia. Microsoft Corp.'s name has also been bandied about but most analysts will remain skeptical until Macromedia persuades them that it has a compelling plan to right the ship. Shares of Macromedia finished Tuesday's session up 93.75 cents, or 8.1%, to $12.50. Last month, Macromedia shares gained after investors became encouraged that Apple's alliance with Microsoft and an overhaul of Apple's board will spark a turnaround for the Macintosh market and for companies closely linked with the Mac. But analysts have said it's too early to predict whether the moves will reignite growth in the Mac market. Macromedia was hurt earlier this year by the decision to postpone the rollout of the newest version of Director, its core product. Macromedia also struggled to move its product line out of CD-ROMs and into developing multimedia tools that can be used on the Internet. Macromedia makes software tools used to create multimedia special effects on Web pages and other formats. The firm is a stalwart in animation and Internet-design software and some analysts have said the company's long-term prospects remain healthy. Macromedia products are coveted by graphic artists. The main problem, some observers say, is that more than half of all computer-graphics professionals still use the Macintosh. And many of them this year delayed buying new tools -- including Macromedia's -- because of uncertainty about Apple's future.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next