Well, I don't follow BAY or COMS very much, so can't comment, but QNTM's warning was completely different than ADBE's report. QNTM was already washed out, the news wasn't really especially shocking, and was even a little reassuring, if their forward statements actually pan out. ADBE's revenues were sharply down, which was somewhat expected, given that they had two major upgrades in last year's first quarter, but their Postscript revenues were also down sharply, their cash was down, the stock is NOT washed out at 48; in fact, it is within shouting distance from here if the report had been a good one. Also, they said that US revenue was weak in addition to Asia. I find nothing in this report to like.
The only good thing I can think of is that they will have major upgrades later this year and into next. But that won't help them tomorrow as the hot money that has gone into the stock today and the last couple of days will leave as quickly as possible. I think now that the stock goes into the 30s within the next week or two, unless the CC pulls a rabbit out the hat. |
