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Technology Stocks : Adobe (adbe) opinions

ADBE 326.87

+1.3%

Dec 3 3:59 PM EST

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To: Chuck. Edwards who wrote (2055)	12/19/1997 9:01:00 AM
From: Mark Palmberg	Read Replies (1) of 3111

<<Analysts aren't that stupid, and my memory isn't that short.>> I don't know about your memory, Chuck, but most of the crap I've seen analysts pull in this market over just the last year makes Jethro Clampet look like a sage. <<But it really doesn't make sense to beat up the market for not recognizing Adobe's great earnings momentum, when it doesn't currently have any.>> Try to make a short list of the reasons why Adobe doesn't(?) have great earnings momentum and see if 'The Market' isn't on it. Since you have a relatively good memory you'll be able to flip back through the archives and note that ADBE has been a fairly consistent contrarian issue over the past six months -- up into a down market, down during strong bull runs. Whatever kind of subterfuge Adobe's top dogs are running right now with regards to their earnings is tremendously preferable to what just happened with Oracle (for instance). In any case, Adobe still appears to me to be strong fundamentally, and I am most impressed with the steps the executives are constantly taking to keep this huge company repsonsive to both investors and customers. Good luck to you today, Chuck. Looks like it could be a bloody one. Mark

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