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Technology Stocks : Adobe (adbe) opinions

ADBE 325.40

-1.7%

Nov 17 3:59 PM EST

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To: Kushi Kullar who wrote (2565)	11/24/1998 10:18:00 AM
From: Doughboy	Read Replies (1) of 3111

For those who missed it, Merrill Lynch raised estimates on ADBE yesterday but they maintained their 3-1 rating (Short term-Neutral, Long Term--Strong Buy). According to the analyst, ADBE's quarter is looking really good with Photoshop sales leading the way on revenue, and operating expenses lower than expected. He raised his estimates from .62 cents for this quarter to .66. (First call avg is around .58.) The analyst however, has doubts about the next two quarters, and thinks next year will be back-end loaded. Check it out at askmerrill.com. It's free. Doughboy.

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