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Adobe Systems Incorporated (ADBE)

  • Sep. 14, 2011, 2:14 PM
    Tech companies large and small continue to struggle with a shortage of qualified technical talent, leading wages to soar in tech hotbeds such as Silicon Valley and Austin. Rising personnel expenses have the potential to eat into the profits of Internet and software giants such as GOOG, YHOO, ORCL, and ADBE.
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  • Sep. 9, 2011, 3:05 PM
    Adobe (ADBE) has introduced a workaround that allows content based on its Flash technology to appear on iOS devices, by automatically converting it to Apple's (AAPL) preferred HTML5 format. HTML5 is steadily gaining ground on Flash, as iOS web browsing skyrockets, and major developers embrace the technology.
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  • Sep. 2, 2011, 11:40 AM
    In response to a widespread backlash among video professionals to its Final Cut Pro X software, introduced earlier this year, Apple (AAPL) has quietly restarted sales of its older Final Cut Studio product. There has been speculation that the uproar over Final Cut Pro X will give rivals Adobe (ADBE) and Avid Technology (AVID) a lift.
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  • Aug. 31, 2011, 8:42 AM
    Tablets continue their evolution into serious business tools, as (CRM) unveils a new product allowing its cloud apps to be accessed on touchscreen devices. Like VMware's (VMW) Project AppBlast, Salesforce's product uses HTML5 technology, which Apple (AAPL) strongly supports as an alternative to Adobe's (ADBE) Flash.
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  • Aug. 29, 2011, 5:17 PM
    UBS' Brent Thill has cut his PT on Adobe (ADBE) to $33 from $40 following a reseller survey. While the survey suggests better-than-expected sales for Adobe's FQ3 (ends this month), it also suggests the company won't get a boost from the recent release of version 5.5 of its flagship Creative Suite platform.
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  • Aug. 12, 2011, 8:40 AM
    Though shares are near their 52-week low, RBC is downgrading Adobe (ADBE) to Underperform, believing the company's transition to a subscription-based revenue model will cause "near-term volatility." RBC is also concerned about weak consumer and SMB spending, and the impact of upheavals in the media industry. (previously)
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  • Jul. 22, 2011, 11:03 AM
    Avid Technology (AVID) is down 23.7% after reporting Q2 revenue and EPS of $161.3M (-1% Y/Y) and -$0.10, below a consensus of $170.4M and $0.09. Though some felt the company would gain from Apple's (AAPL) recent missteps, it's apparently not enough to offset Avid's long-term decline relative to Apple and Adobe's (ADBE) cheaper video editing solutions. (PR)
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  • Jul. 18, 2011, 8:15 AM
    Adobe (ADBE) is acquiring EchoSign, a provider of electronic signature automation software. The acquisition should tie in well with Adobe's attempts to generate more revenue from its Acrobat platform by offering value-added products and services.
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  • Jul. 13, 2011, 10:31 AM
    Brigantine Advisors' Barbara Coffey sees an opportunity for Avid Technology (AVID +4.4%) to profit from the uproar over Apple's (AAPL) Final Cut Pro X. As a result, Coffey is upgrading Avid to Buy, and lifting her FY11 EPS and revenue estimates. Adobe (ADBE) is already offering promotions to take advantage of the Apple backlash.
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  • Jul. 12, 2011, 10:28 AM
    Adobe (ADBE -1.8%) trades lower after Goldman resumes coverage with a sell. The firm notes the company's product cycle is "moving the needle less and less," and its digital media business still struggles with transition issues.
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  • Jul. 1, 2011, 9:44 AM
    Adobe (ADBE) attempts to exploit the uproar over Apple's (AAPL) Final Cut Pro X by offering a 50% discount to anyone who switches to Adobe's Premiere Pro from Final Cut Pro or Avid Technology's (AVID) software. Of course, such aggressive sales tactics might also be about boosting sales momentum after a weak earnings report.
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  • Jun. 30, 2011, 4:42 PM
    Though Apple (AAPL) has taken plenty of heat from video professionals over its Final Cut Pro X software, rivals Adobe (ADBE) and Avid Technology (AVID) shouldn't be too thrilled, according to Robin Harris. Even with its flaws, Final Cut Pro X's cutting-edge architecture gives Apple a long-term foundation for meeting the needs of pro users.
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  • Jun. 22, 2011, 11:30 AM
    Despite its earnings beat, Adobe (ADBE -6.8%) sinking after its third-quarter earnings forecast (EPS of $0.50-$0.56, vs. expected $0.54) disappoints investors. The firm reports getting a "positive reception" to its May release of the flagship Creative Suite. (earnings call transcript)
  • Jun. 22, 2011, 9:00 AM
    Premarket gainers: FFN +14%. KMX +9%. ACHN +8%. JBL +3%. FDX +3%.
    Losers: PHG -13%. ADBE -5%. BCS -3%.
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  • Jun. 21, 2011, 4:08 PM
    Adobe (ADBE): FQ2 EPS of $0.55 beats by $0.04. Revenue of $1.02B (+9% Y/Y) beats by $0.07B. Sees FQ3 EPS of $0.50-0.56. Shares -1.7% AH. (PR)
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  • Jun. 21, 2011, 12:10 AM
    Notable earnings after Tuesday's close: ADBE, JBL
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Company Description
Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
Sector: Technology
Country: United States