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To: LK2 who wrote (4154)	8/12/1998 12:56:00 AM
From: LK2	Respond to of 9256

Bad news from ADBE on earnings. bloomberg.com@@0tM6vAcAt@hAIL70/bbn/usprv.html >>>>>>>>>>>>>>>>> Bloomberg Online: U.S. Equity Preview New York, Aug. 11 (Bloomberg) Adobe Systems Inc. (ADBE): The top maker of desktop graphics software said it may report a loss for the third quarter and will fire as many 300 employees, or 10 percent of its workforce, as Asia's slump reduces demand. Adobe also said three executives resigned. Revenue in the quarter ending Aug. 28 is likely to be $220 million to $225 million, compared with $230 million a year ago. Analysts had expected the company to earn 52 cents a share, according to a survey by First Call Corp. The company expects the job cuts to save $50 million to $60 million a year. Adobe Systems fell 1 3/8 to 30 13/16 before trading was halted. Copyright 1998, Bloomberg L.P. <<<<<<<<<<<<<<<<<<<<<<