Acquisition or merger with Adobe...(LOOK THIS..)
The Day Ahead: Little upside left for Macromedia
By Larry Dignan, ZD Inter@ctive Investor
May 7, 1998 7:01pm
Inter@ctive Week Online
Macromedia Inc. impressed Wall Street with strong fourth-quarter earnings of $1.99 million, or 5 cents a share, but don't expect much more pop from its shares -- they are topped out for now.
While Macromedia shares have been run up to 52-week highs (chart), the stock's just about out of gas, barring an acquisition or merger with Adobe. A merger between collaborators Macromedia and Adobe Systems Inc. isn't imminent, but could happen in the next year or so, said analysts.
A merger between Macromedia and Adobe would provide little overlap and would be a strategic fit, said analysts.
"I could see the two eventually merging," said Steven Frenkel, director of research at Paragon Capital Corp., based in New York. "Macromedia is already working with Adobe to make the products compatible. It makes a lot of sense."
(What do you think about? APPLE, ADOBE, .... )
GO MACR!
Alex. |
