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Technology Stocks : Adobe (adbe) opinions -- Ignore unavailable to you. Want to Upgrade?

To: chaz who wrote (2919)	10/26/2002 8:37:24 PM
From: chaz	Respond to of 3111

What: Adobe Systems Fall 2002 Financial Analyst Meeting When: 1pm Eastern Time, October 28, 2002 Where: adobe.com Adobe on Friday announced a 7% payroll reduction, taking a $10,000,000 restructuring charge.

To: chaz who wrote (2919)	10/27/2002 11:51:35 PM
From: Dave	Read Replies (1) \| Respond to of 3111

Yes, InDesign is making inroads but what of their other product lines? Premiere is being dropped on the Mac, and its creator works for Apple. Photoshop is as mature as graphics apps get. Acrobat's basic PDF-writing functionality comes for free with every Macintosh. Postscript is so mature that it had a freeware clone (Ghostscript) years ago. What does Adobe have that could possibly justify a 30.8 P/E (very near Microsoft's 31.3, which is arguably inflated by its status as the last bastion of desperate bubble speculators) and a $5.6 billion market cap? Dave