Strange days indeed
The New York Times reported that Ballmer recently visited Adobe chief executive Shantanu Narayen in San Francisco. Their discussion centered on Apple Inc.’s control of the mobile-phone market and how the two companies could work together to compete, the newspaper reported. A possible acquisition of Adobe by Microsoft was among the options reportedly discussed.
Adobe’s stock rose $2.96, or 12 percent, to $28.69 yesterday. Earlier in the session, the shares had jumped as high as $30, triggering a five-minute halt in trading. The stock has declined 22 percent this year.