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Technology Stocks : Adobe (adbe) opinions

ADBE 318.06

-2.0%

Nov 19 3:59 PM EST

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To: Tom M who wrote (2432)	8/3/1998 4:26:00 PM
From: Doughboy	Read Replies (1) of 3111

I too am mystified at the market's reaction to ADBE. After all, ADBE reported a decent quarter most recently. My take on this is that ADBE is on everyone's list of companies that get a lot of revenue from Japan, so as long as Japan is in the dumps, ADBE is treated the same. What people don't realize is that ADBE has a larger percentage of revenue from Japan because Apple has a larger share of PC sales in Japan. And Apple is taking off again. I have to believe that stronger Apple revenue will off-set the lower revenues in Japan. I have nothing to back up this opinion, but I think ADBE is way oversold. DougHboy.

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