Adobe Up On Anticipated Mac Sales
In a research report from Prudential, the brokerage firm raised the rating of Adobe Systems from Hold to Buy , citing pent up demand for Macintosh software. Clearly, Wall Street is beginning to take note of the importance of the Macintosh platform as a profit center for major software makers.
Wow, that’s actually extremely interesting. When’s the last time we have seen that? Maybe 1991?
Thanks for the heads up, DT!
Editor - The Mac Observer
Favorite (but less relevant than it used to be) Quote: Microsoft’s tyranny lies not in its success, but in the way it achieved and maintains that success.
This is the first time in recent years I’ve seen an analyst note Adobe’s strong presence in the Mac market as a Good Thing for ADBE
The only problem is that print media is in its worst slump in decades. Ad revenue is way down. One poster here said he works at a medium-sized daily and his IT manager can’t even get the paper to pay for an evaluation copy of Photoshop 7.
The cost of new software, plus the effort and headaches involved changing a large organization from OS 9 to OS X are bound to slow those sales somewhat.
Remember, some folks out there are still suspicious of Quark 4.
Adobe has announced that Photoshop 7 is now shipping. Adobe is trading above $40 per share this morning (4/16). Adobe last closed above $40 per share in late March.