Adobe Systems, Inc. (ADBE)

edwinaanne (79.81) Submitted: 4/05/08 4:11 PM : Start Price: $36.83 ADBE Score: 27.16

ADOBE SYSTEMS, INC


BOLLING: FANTASTIC STOCK


JEFF MACHE: DISAPPOINTING FOR THE LONGTERM. DON’T BUY.


JIM CRAMER: A RUBBLE STOCK. ABSOLUTE BEST SOFTWARE FOR PUBLISHING,WEB DESIGN, PHOTOGRAPHY, YOU NAME IT. EVERY CORPORATION IS GOING TO USE IT. HISTORICALLY, THIRD QUARTER IS WEAK, MAKES THE EXPECTATIONS LOW AND EASIER TO BEAT. THE ROLLOUT OF THE CREATIVE SUITE 3 COMPLETES THEIR LARGEST SOFTWARE RELEASE IN IT’S HISTORY! IT CAME OUT IN EUROPE AND JAPAN AUGUST 07. COMPANY GENERATES ANNUAL REVENUE MORE THAN $1B. FLASH CREATIVE 3 ANOTHER SOFTWARE RELEASED. IT’S A CHEAP STOCK. PRICE HAS BEEN GOING UP SINCE 2Q ’02, BUT NOT LATELY. P/E IS 40X EARNINGS: ACTUALLY 30XS EARNINGS. HISTORICALLY, P/E HAS BEEN PRETTY LOW. THE MULTIPLE SEEMED TO EXPAND IN 4Q ’07 RELATIVE TO THE 3Q ’07. A BIGGER MULTIPLE MEANS A HIGHER STOCK PRICE. IT FITS IN THE SEASONAL TECH THESIS. IT’S A HIGH GROWTH STOCK. I LIKE IT MORE THAN MICROSOFT AND ORACLE.


BARRONS: ON COVER OF MAGAZINE (AMAZING ADOBE). LAUNCH NEW SOFTWARE .WE THINK IT’S GOT A CRUCIAL ROLE IN THE CENTER OF WEB PUBLISHING. THE STOCK’S NOT CHEAP. 28XS EARNINGS, BUT WE DO THINK THAT THE GROWTH IS PRETTY MUCH ASSURED WELL INTO THE DOUBLE DIGITS FOR YEARS TO COME. IT MAKES SENSE TO BET ON ADOBE.


SOFTWARE: ACROBAT; EVERYONE HAS ON THEIR COMPUTER. ADOBE READER IS FREE.


COMPANY BOUGHT MACROMEDIA WITH FLASH TECHNOLOGY.


APOLLO, WHICH WILL GIVE SOFTWARE TO WEB DEVELOPERS IN ORDER TO LET THEM INCORPORATE FLASH. ACROBAT FILES AT THE SAME TIME. CAN FUNCTION WITHOUT BEING CONNECTED TO THE INTERNET.


VISUAL COMMUNICATIONS SOFTWARE MAKES TV PROGRAMS. PUT IN DELL COMPUTERS AND IN WEBCAMS FROM LOGITECH. GET A POWERFUL STUDIO FOR $1,500. GROWING PART OF THE VIDEO REVOLUTION.


MORNINGSTAR: AGRESSIVE GROWTH STOCK GROWTH B PROFITABILITY C FINANCIAL HEALTH A+


52 WEEK RANGE: $30.70- $48.47


MARKET CAP: 20.74B


VOLUME: 5,143,879


P/E: 27.30


EPS: 1.35


BETA: 2.22


ROE: 17.92%


% HELD BY INSTITUTIONS: 88.80%

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