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William Meyers  

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  • Someone Will Make Big Money From Adobe [View article]
    Good article. It is hard to predict in advance who the winners will be in future tech transitions. The problem for Adobe competitors in the design space is that they have to price their products much lower than Adobe, they usually have to provide compatibility to Adobe formats, and as a result their margins are low. Adobe has the cash flow to keep investing in R&D and buying companies in adjacent spaces. I use some legacy Adobe products, but the stock price does look out of touch with reality to me, as is the idea that I would subscibe to the new products.
    Nov 17, 2014. 12:52 PM | Likes Like |Link to Comment
  • Adobe Systems: Earnings Weren't That Bad [View article]
    What was y/y revenue growth for the quarter? 1%

    What P/E do stocks with 1% annual revenue growth typically have?

    How much did EPS fall y/y? What P/E do most tech stocks have with falling EPS?
    Sep 17, 2014. 04:27 PM | Likes Like |Link to Comment
  • Adobe Revenue: Will A Subscription Model Work? [View article]
    I have never known Adobe to break down revenue for products into initial sales vs. upgrades. From years in the field my guess is that 80 to 90% of annual product revenue is from upgrades, maybe more. But yes, whatever the percent of new licenses is, that would take a long time to make up with monthly subscription fees.
    Apr 5, 2013. 07:30 PM | Likes Like |Link to Comment
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