T36, I was just posting a link I figured others may overlook here because it didn't mention Adboe in it, but certainly is in its market. I had posted months back that I though a native 64 bit Alpha port of Photoshop and premiere would put Adobe in a very profitable untouched perfomance niche. I'll say right now, I don't know the future, & neither does anyone else, so don't make decisions on someone else's post. I feel we're here to share information and different points of view which we can then use to make better informed decisions. In regards to fears of Adobe not keeping up with the technology, I wouldn't be too concerned as they did see their "Window" of opportunity & didn't miss that one. I'll bet if they are working on an Alpha port, they're under non-disclosure to not announce it until DEC announces their new line of Alpha based PC's. It would make no sense for DEC to announce the hardware without popular supporting software. Sorry to confuse you, but Adobe's stock has been obviously confusing. It has been throwing as Peter mentioned, "head fakcs" in both directions. First it was headed down again & rescued by being added to the S&P, then announces an earnings warning sending it in the other direction, gets downgrades, then announces it will exceed earnings, but only because of a last week in the quarter windfall. What I was hinting at in my previous post is that with all the recent history of uncertainty, I'd expect the gapped opening @ $46 to be filled. The current and future P/E & fundamentals have always looked good recently for Adobe, yet the stock never seemed to stablize on this in the past. I don't trust it enough to stablize now paying $50 to find out. Maybe this is the turnaround, I've really no idea. I haven't seen many companies I follow regain the street's confidence only one quarter after a dissapointment. Adobe's still a great company with great products & great fundamentals.
hope this helped,
regards,
Tom |
