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Adobe (ADBE) CTO Kevin Lynch has resigned, the software vendor discloses in a 8-K filed in the...

Adobe (ADBE) CTO Kevin Lynch has resigned, the software vendor discloses in a 8-K filed in the wake of its FQ1 report. CNBC reports Lynch is leaving for Apple (AAPL). He joined Adobe in '05 following the acquisition of Macromedia, and was once a staunch defender of Flash, which Steve Jobs wasn't the biggest fan of.
Comments (8)
  • Herr Hansa
    , contributor
    Comments (3079) | Send Message
     
    Wow. End of an era. I wonder if this is a signal that Apple wants to move more into competition with Adobe in software.
    19 Mar 2013, 05:39 PM Reply Like
  • User66224
    , contributor
    Comments (192) | Send Message
     
    Well, that is a surprising development. It will be interesting to see what position he occupies at Apple. It is obvious to me he thought differently about the impact of losing Flash on mobile devices.
    19 Mar 2013, 05:39 PM Reply Like
  • AppleForever
    , contributor
    Comments (20) | Send Message
     
    Maybe he'll be filling Forstall's old shoes?
    19 Mar 2013, 06:23 PM Reply Like
  • podmeister
    , contributor
    Comments (56) | Send Message
     
    Ah yes, Macromedia was cool until Adobe got hold of it. Interesting development.
    19 Mar 2013, 07:18 PM Reply Like
  • XRTrader
    , contributor
    Comments (609) | Send Message
     
    Yeah, looks AAPL will make him VP of technology reporting directly to Mansfield. Should be a nice hire for AAPL - possibly expanding their cloud position?
    19 Mar 2013, 07:37 PM Reply Like
  • CatchallInvesting
    , contributor
    Comments (80) | Send Message
     
    Those who were questioning the decisions that AAPL makes when hiring talent ought to reflect upon the hiring of the guy who wanted to be the CEO of adobe the then current CTO. This is a good example of what a company can do when it has so very much cash on hand.
    Perhaps everything has a price? In business money talks.
    The shoes are starting to fall into step. The steps are in one direction now even with a little shuffling about. What was the significance of $460 on the chart today?
    19 Mar 2013, 09:53 PM Reply Like
  • yawa
    , contributor
    Comments (4) | Send Message
     
    It was resistance.
    20 Mar 2013, 12:16 AM Reply Like
  • rrosey2
    , contributor
    Comments (686) | Send Message
     
    I saw 700 shares pass in one sale 9the price was down $6, and then the stock went back up.

     

    Then this news came out.

     

    What will it go to on Wed. ?
    20 Mar 2013, 12:48 AM Reply Like
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