Friday, June 17, 2005

Adobe Earnings Jump 37 Percent - Yahoo! News

Adobe Earnings Jump 37 Percent - Yahoo! News: "Adobe Systems Inc. said Thursday that its second-quarter profits rose 37 percent as the maker of Acrobat and Photoshop reported strong sales of its most popular software.
Responding to questions about how Adobe plans to compete with the world's largest software company, Adobe executives cited their 10-year lead in the market, large adoption of their software, and their numerous business partners.
Nonetheless, Chizen has acknowledged in the past that the only competitor that keeps him up at night is Microsoft.
"Given that Microsoft has $40 billion in revenue and unlimited resources we can't ignore them," Chizen said. "But we can feel good about where we are against where they are.""

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