AFB Software Spotlight: Adobe Systems

  • Posted: 25 May 2002 10:03 AM

    This thread is designed to feature news and foster discussion about Adobe Systems, its products and its relationship with Apple Computer.

    Adobe Systems was founded in 1982 by two engineers from Xerox and was financed in part by an investment from Apple Computer. Adobe helped to bring about the desktop publishing revolution and is striving to become the leading developer of design and content creation software for the Internet.

    Adobe is a storied Silicon Valley institution and maintains a close but sometimes contentious relationship with Apple. Adobe executives were angered by Apple’s release of Final Cut Pro which competes with Adobe’s Premiere and After Effects digital video software and Mac users were more than a bit annoyed by Adobe’s strong embrace of the Windows platform during Apple’s difficult years in the mid 90’s.

    Roughly half of Adobe’s sales come from Mac OS-based products.

         
  • Posted: 25 May 2002 10:14 AM #1

    Illustrating to close relationship between Adobe and Apple, recent remarks by Adobe CFO Murray Demo as reported by the Dow Jones news service indicate the extent to which Adobe is seeking to not only lure traditional photographers to the digital domain, but also the extent to which Adobe is counting on its new Mac OS X-based versions of Photoshop and Illustrator to increase sales.

         
  • Posted: 15 June 2002 09:54 AM #2

    Adobe’s shares dropped sharply in price on Friday following an earnings warning issued by the company.

         
  • Posted: 20 June 2002 03:30 AM #3

    How much is Adobe worth?

         
  • Posted: 20 June 2002 09:26 AM #4

    As of this morning (6/20), Adobe is worth about $6.7 billion

         
  • Posted: 30 July 2002 08:12 PM #5

    Adobe Systems and Macromedia have a reached a settlement concerning their patent disputes and recent court battles. Please see the 7/29 Apple Stock Watch Report for more information.

         
  • Posted: 12 August 2002 11:07 AM #6

    Today 8/12 Adobe Systems announced the release of Photoshop Elements 2 , an updated $99 consumer-level image editing software product.

    Meanwhile, the company’s share price continues to trade very close to its recent 52-week low of about $16.50. In midday trading on 8/12 Adobe was trading at just under $18.00 per share. The 52-week high for Adobe Systems is $43.32, set back in May.

         
  • Posted: 20 September 2002 06:36 PM #7

    Adobe met its revised quarterly numbers and the market is anticipating at least modest revenue and earnings growth from the pending release of a major Acrobat upgrade. Photoshop and Acrobat are the company’s top revenue generators.