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Technology Stocks : Adobe (adbe) opinions
ADBE 356.43+1.7%3:59 PM EST

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To: dave luken who wrote (1794)9/27/1997 12:21:00 AM
From: Senthil Sankarappan   of 3111
 
I think we need a major brokerage to revise the earnings upwards. may be Merril, Smith barney, H & Q kind of guys. I don't even know who are the major brokerage covering ADBE. But I am very much surprised to see the lack of upward revisions from many. Beats me. Anyone with good explanation?? I am really surprised to see these analysts think ADBE lacks consitancy just because they fell short by couple of cents in June. Hmn.. haven't we seen even INTC/ORCL do that?

Also, Zacks says average P/E of software stocks is 40 while ADBE's one is 22. Why such disparity for a company which is the leader in the Desktop publishing area??

-senthil
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