Andrew,
I have little doubt that Adobe's earnings will serve to scare more speculators out of Apple, as well as, increase short interest. However, I think it's questionable to tie Apple's current quarter to Adobe's. Adobe is a graphics company. The graphics industry is currently predominantly Macintosh and already owns the needed Adobe software. What they wanted this quarter was G3 Macs, not software.
Wintel, on the other hand has been trying to make inroads into the graphics market, with some limited success. New Wintel graphics people would be buying Adobe.
Apple's main push this quarter has been high-end G3 boxes, that target hardware sales to the graphics industry, more than any other sector. If Adobe had released a major upgrade of PhotoShop, or the like, then I would be concerned about lower revenues for Apple. But to my knowledge, there have been no major upgrades this quarter.
Regards,
Scott |
