Adobe (ADBE) drops 7.6% AH after reaffirming its FQ4 guidance, and announcing it will cut 750...

|About: Adobe Systems Incorporated (ADBE)|By:, SA News Editor

Adobe (ADBE) drops 7.6% AH after reaffirming its FQ4 guidance, and announcing it will cut 750 jobs (roughly 8% of its workforce). The company also says it plans to "align its business" around its faster-growing Digital Media and Digital Marketing (Omniture) solutions.