Adobe is it ready to move up? Message Board

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Technology Stocks : Adobe is it ready to move up?

ADBE 340.74

-5.3%

12:23 PM EDT

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To: Joan Osland Graffius who wrote (73)	9/4/1996 5:53:00 PM
From: David E. Carter	of 89

The Seybold DTP Conference next week (11-13 Sept) should give ADBE a boost. I remember walking around the convention floor last year and being very impressed by Adobe's presence, even amid the likes of Microsoft and Apple. There were red shirts EVERYWHERE! IMHO, the MMX chip is what many potential PC buyers (like me) who are accustomed to the speed and power of UNIX workstations have been waiting to get off the fence and buy. It's introduction will also likely push down the prices of entry-level PC's, which in turn will fan the ever-expanding base of PC owners out there, and thus more people will wake up (like I did last year) and recognize what a bargain ADBE is below $50/share. I see ADBE going as high as $48 before it's good news gets overshadowed by a brief scare in the overall market (in late October) that will make any good news seem like pissing into a firehose. $55 by next April should be no problem, ceteris paribus. --Dave

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