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

To: Murrey Walker who wrote (2459)	8/12/1998 1:07:00 PM
From: Doughboy	Read Replies (2) \| Respond to of 3111

To be honest, ADBE's haircut was not as bad as it could have been. It gives us small-fry investors a chance to pull our money out if we want with "only" a 15% loss on the day. I suppose one reason that it was not worse was that ADBE had already sustained a 25% loss over the last couple of weeks. (That should have tipped us off that something was going wrong internally, and news was leaking out.) I was in at 38, so I'm wondering whether anyone has an opinion whether I should take my losses and check back later or just hang in there. My great fear is that over the next 48 hours we're going to have a raft of down-grades by analysts and another wave of asian flu hitting the market.

To: Murrey Walker who wrote (2459)	8/12/1998 6:02:00 PM
From: Cesare J Marini	Read Replies (1) \| Respond to of 3111

That said, I use ADBE's software every day - Illustrator & PhotoShop. Larry Digman's comments are uninformed! Be assured that the aforementioned software represents the leading edge in industry applications. I don't think that you will find too many professionals in the graphic arts business using anything else. Mr. Digman's story is a good example of the adage, "Don't believe everything you read". Except that that's not what Mr Digman was saying. He wasn't saying that Illustrator and Photoshop are bad products. He's saying that Illustrator and PageMaker (not Photoshop) haven't seen significant upgrades in quite a while. The whole point of his story was that Adobe took its eye off the ball. Let's face it -- PageMill is getting the crap kicked out of it by other HTML tools. And Photoshop already has something like 90% market share. Not much room for further growth there.