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Technology Stocks : Adobe (adbe) opinions

ADBE 346.29

+5.3%

Dec 5 9:30 AM EST

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To: Joan Osland Graffius who wrote (1959)	11/20/1997 7:46:00 PM
From: Peter Shaw	Read Replies (2) of 3111

Joan and All, Yes ADBE has shown once again how little respect it garners on the Street. Stocks are as much about managing expectations as they are fundamental reality. These revenue shortfalls are not large enough to justify the turmoil they create, especially when margins expand to offset much of the effect. Photoshop upgrade sounds to be on track, if not a little early (at least for Beta), and there's alot of good news on many fronts (both fiscally and product-wise). We're currently still in a higher lows/higher highs chart pattern for the longer term picture. All in all, the boat looks sea worthy... This wil be my last post, as I have just passed my Series 7 exam, and will be an active broker shortly. Good luck to all. Cheers, Peter Shaw

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