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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: Murrey Walker who wrote (2437)8/6/1998 8:43:00 AM
From: growthvalue  Read Replies (1) of 3111
 
Murrey -

I already own ADBE and it's been bleeeding ever since I bought.

I know they have great products that graphic designers love.

That doesn't mean the stock's going up.

I thought (at the time I bought it) and think right now (even more) the stock is far too cheap - even if ADBE grows only 3-5% a year from here, this stock is undervalued. They're not going to go out of business and they're not going to lose money.

BUT what I want to know is if ADBE's strategy for growth is credible.

It's my understanding that ADBE is trying to get a bigger piece of the consumer market. But, to use your analogy, isn't that like Julia Childs trying to open a fast food restaurant against McDonalds? It also suggests to me that maybe ADBE doesn't have a lot of room to grow in the corporate market.

At the same time, I believe that they're franchise is VERY valuable and can be leveraged to grow the business in other ways.

Staying long but concerned.
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