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Technology Stocks : Adobe (adbe) opinions

ADBE 320.13

+0.8%

Nov 28 9:30 AM EST

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To: Joe Casey who wrote (2237)	3/27/1998 10:00:00 AM
From: Jeff S.	of 3111

>>Mr. Warnock said he couldn't explain Wednesday's stock-price rise before the earnings release, noting that Adobe had been telling analysts about its four problems for some time. "They just did not downgrade earnings estimates to the extent they should have," he said.>> Did anybody hear about these four problems before yesterday. I did hear from a broker about a month ago that Adobe would miss its estimates but nothing specific. Anybody else? I am surprised by the stock holding up, but when you come down to it, I really don't understand this market at all. Yesterday when I heard the news I thought I was dead meat, now, I am pleased how the stock is holding up. On a separate note, Adobe's big promotional and advertising campaign was pretty muted, or once again, am I like a mushroom? Jeff

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