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Technology Stocks : Apple Inc.

AAPL 273.67

+0.5%

Dec 19 9:30 AM EST

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To: Andrew Fenic who wrote (10207)	3/26/1998 7:22:00 PM
From: GS_Wall Street	Read Replies (1) of 213177

Adobe's revenues during the quarter were adversely affected by continuing weak demand in Asia, a decline in Macintosh platform revenues, and a slowdown in North American revenues. Also by comparison, the first fiscal quarter of 1997 benefited from revenue momentum related to two major product releases -- Adobe(R) Photoshop(R) 4.0 released just before the quarter began, and Adobe PageMaker(R) 6.5 released during the quarter. The major reason is now new products cycle, if I am buying new MAC and already have photoshop why would I buy a new copy. Adobe trend of declining MAC application software has been used in the past as a excuse. This is not a positive piece for Apple but the negative news in the statement is not new information to those following Apple, at most Apple sells off in the morning only to rebound in the afternoon.

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