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Technology Stocks : Adobe (adbe) opinions
ADBE 322.790.0%3:59 PM EST
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To: Sam who wrote (2153)3/13/1998 3:28:00 PM
From: Mike Connolly  Read Replies (1) of 3111
 
Earnings out to be great -- hitting on both cylinders with Macs sales growing rapidly (Apple #3 market share in Jan) and windows apps presumably continuing to grow rapidly, driven by corporate/intranet customers. Frankly, I am VERY surprised at how little attention ADBE is attracting -- they are #2 seller of software on Mac, and while Apple has doubled in '98, Adbe is about where it started the year and seeing extremely low trading volumes. Not to mention this SI thread which WAS so active most of the last 2 years! Seybold has traditionally been "owned" by Adobe -- I am expecting lots of new product announcements -- consumer versions of all major products are known to be in the works, perhaps a deal to include Color Printgear in somebody's inkjets (they have presumably been trying to sell HP -- and CEO Warnock mentioned the high-volume inkjet market as a target in a 2/26/98 interview). Adobe has apparently been hiring lots of engineers and marketing types over the last year, yet no new products have been announced in many months -- I believe they are due. Of course, they also have all their upgrades on existing major products due this year.

Bottomline: ADBE ought to be moving up smartly, just based on AAPL's strength and anticipation of new Adobe products at Seybold -- the above possibilities only seem to make the case stronger.

Jack Bell is CFO of Adobe
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