meh.
Adobe has long since joined the ranks of the megapublishers, along
with Microsoft, IBM, et al. I have no emotional tie to their products
anymore. Perhaps if there is also merger of products we might get
improved products from them, but I doubt it. There was squirming too
when Microsoft invested in Apple. I am glad they did, the management
there was not up to the job (excuse the pun).
Alan
On 8/10/2010, at 10:11 AM, Writer wrote:
NOOOOOOOO!
*ahem*
I found this article at
http://finance.yahoo.com/news/Adobe-share-soar-on-rumor-of-apf-4289626386.html?x=0
Barbara Ortutay, AP Technology Writer, On Thursday October 7, 2010,
5:01 pm
NEW YORK (AP) -- Shares of Adobe soared in heavy trading Thursday on
a report that Microsoft CEO Steve Ballmer discussed a possible
buyout of the company.
A report posted in the "Bits" blog of The New York Times said
Ballmer recently met with Adobe CEO Shantanu Narayen to talk about
Apple's control of the cell phone market and how Microsoft and Adobe
could work together to fend off the iPhone maker.
It was in this context that a possible buyout of Adobe by Microsoft
Corp. came up, according to The Times. Microsoft had no comment.
In a statement, Adobe said it shares "millions of customers around
the world" with Microsoft, and "the CEOs of the two companies do
meet from time to time. However, we do not publicly comment on the
timing or topics of their private meetings."
Adobe Systems Inc., based in San Jose, Calif., makes software such
as Photoshop and the Flash technology used for Web videos and games.
The company has been in a long-standing feud with Apple Inc. over
Flash, which Apple bans from its mobile devices such as the iPad and
the iPhone.
An Adobe acquisition would be a huge one for Redmond, Wash.-based
Microsoft, whose last big purchase was in 2007, when it bought
aQuantive Inc. for $6 billion. A proposed deal to buy Yahoo Inc. the
following year fell apart when Microsoft withdrew a $47.5 billion
bid. Adobe's market cap is close to $15 billion.
Gleacher & Co. analyst Yun Kim said a potential buyer would be
"great" for Adobe, which is looking to grow its annual revenue to $5
billion in the next couple of years. It had revenue of about $3
billion last year.
But from Microsoft's point of view, it's unclear what parts of
Adobe's business they can use to get themselves ahead in the online
advertising market.
Adobe ended the session up nearly 12 percent at $28.69, with trading
volume more than six times the average. The stock slid 14 cents to
$28.55 in aftermarket trading. Microsoft ended trading up a dime at
$24.53.
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