Adobe Systems (NASDAQ: ADBE), United Technologies Co. (NYSE: UTX), Quiksilver, Inc. (NYSE: ZQK), ABM Industries (NYSE: ABM), Accenture Plc (NYSE: ACN) and Aetna Inc. (NYSE: AET) had ratings on them reiterated by analysts.
Goldman Sachs (NYSE:GS) reiterated its "Sell" rating on Adobe Systems (ADBE). They have a price target of $24.00 on the company.
Sterne Agee reiterated its "Buy" rating on United Technologies Co. (UTX). They have a price target of $87.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Quiksilver, Inc. (ZQK). They have a price target of $5.00 on the company.
Zacks Investment Research reiterated its "Neutral" rating on ABM Industries (ABM). They have a price target of $21.00 on the company.
Goldman Sachs reiterated its "Buy" rating on Accenture Plc (ACN).
Jefferies (NYSE:JEF) reiterated its "Buy" rating on Aetna Inc. (AET).
Showing posts with label Adobe. Show all posts
Showing posts with label Adobe. Show all posts
Monday, December 19, 2011
Friday, December 16, 2011
Adobe (ADBE) (VPHM) (WU) (ZQK) (AET) (ACN) Ratings, Price Targets
Adobe Systems (ADBE), ViroPharma Incorporated (VPHM), The Western Union Company (WU), Quiksilver, Inc. (ZQK), Aetna Inc. (AET) and Accenture Plc (ACN) ratings and price targets.
Jefferies (NYSE:JEF) lowered its price target on ViroPharma Incorporated (VPHM) to $32.00.
JPMorgan Chase & Co. (NYSE:JPM) raised its price target on The Western Union Company (WU) to $23.00. They have an “Overweight” rating on the company.
Piper Jaffray (NYSE:PJC) reiterated its “Overweight” rating on Quiksilver, Inc. (ZQK). They have a price target of $5.00 on the company.
Goldman Sachs (NYSE:GS) reiterated its “Buy” rating on Accenture Plc (ACN).
Jefferies raised its price target on Aetna Inc. (AET) to $53.00.
Goldman Sachs reiterated its “sell” on shares of Adobe Systems (ADBE). The firm has a $24.00 price target on the company.
Jefferies (NYSE:JEF) lowered its price target on ViroPharma Incorporated (VPHM) to $32.00.
JPMorgan Chase & Co. (NYSE:JPM) raised its price target on The Western Union Company (WU) to $23.00. They have an “Overweight” rating on the company.
Piper Jaffray (NYSE:PJC) reiterated its “Overweight” rating on Quiksilver, Inc. (ZQK). They have a price target of $5.00 on the company.
Goldman Sachs (NYSE:GS) reiterated its “Buy” rating on Accenture Plc (ACN).
Jefferies raised its price target on Aetna Inc. (AET) to $53.00.
Goldman Sachs reiterated its “sell” on shares of Adobe Systems (ADBE). The firm has a $24.00 price target on the company.
Thursday, December 15, 2011
TIBCO (TIBX) (WFC) (WRC) (ADBE) (AJG) (ASH) Ratings Reiterated
TIBCO Software (NASDAQ: TIBX), Wells Fargo & Co. (NYSE: WFC), The Warnaco Group, Inc. (NYSE: WRC), Adobe Systems (NASDAQ: ADBE), Arthur J. Gallagher & Co. (NYSE: AJG) and Ashland Inc. (NYSE: ASH) had ratings on them reiterated by analysts.
Barclays Capital (NYSE:BCS) reiterated its “Equalweight” rating on TIBCO Software (TIBX).
JPMorgan Chase & Co. (NYSE:JPM) reiterated its “Overweight” rating on Wells Fargo & Co. (NYSE: WFC). They have a price target of $41.00 on the company.
Barclays Capital reiterated its “Overweight” rating on The Warnaco Group, Inc. (WRC).
Piper Jaffray reiterated its “Neutral” rating on Adobe Systems (ADBE).
Barclays Capital reiterated its “Overweight” rating on Arthur J. Gallagher & Co. (AJG).
Deutsche Bank (NYSE:DB) reiterated its “Buy” rating on Ashland Inc. (ASH).
Barclays Capital (NYSE:BCS) reiterated its “Equalweight” rating on TIBCO Software (TIBX).
JPMorgan Chase & Co. (NYSE:JPM) reiterated its “Overweight” rating on Wells Fargo & Co. (NYSE: WFC). They have a price target of $41.00 on the company.
Barclays Capital reiterated its “Overweight” rating on The Warnaco Group, Inc. (WRC).
Piper Jaffray reiterated its “Neutral” rating on Adobe Systems (ADBE).
Barclays Capital reiterated its “Overweight” rating on Arthur J. Gallagher & Co. (AJG).
Deutsche Bank (NYSE:DB) reiterated its “Buy” rating on Ashland Inc. (ASH).
Friday, December 2, 2011
Adobe (ADBE) (UIL) (UNM) (WBMD) (AATI) (DWA) Downgraded
Adobe Systems (NASDAQ: ADBE), UIL Holdings Co. (NYSE: UIL), Unum Group (NYSE: UNM), Webmd Health Corp. (NASDAQ: WBMD), Advanced Analogic Technologies (NASDAQ: AATI) and DreamWorks Animation (NYSE: DWA) were downgraded by analysts.
Adobe Systems (ADBE) was downgraded by Brigantine from a “Hold” rating to a “Sell” rating. They have a price target of $23.00 on the company.
UIL Holdings Co. (UIL) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Unum Group (UNM) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Webmd Health Corp. (WBMD) was downgraded by Cowen from an “Outperform” rating to a “Neutral” rating.
Advanced Analogic Technologies (AATI) was downgraded by Craig Hallum to a “Sell” rating.
DreamWorks Animation (DWA) was downgraded by Caris & Company from an “Above Average” rating to an “Average” rating.
Adobe Systems (ADBE) was downgraded by Brigantine from a “Hold” rating to a “Sell” rating. They have a price target of $23.00 on the company.
UIL Holdings Co. (UIL) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Unum Group (UNM) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Webmd Health Corp. (WBMD) was downgraded by Cowen from an “Outperform” rating to a “Neutral” rating.
Advanced Analogic Technologies (AATI) was downgraded by Craig Hallum to a “Sell” rating.
DreamWorks Animation (DWA) was downgraded by Caris & Company from an “Above Average” rating to an “Average” rating.
Thursday, September 1, 2011
Zumiez (ZUMZ) (ADBE) (XRTX) (CBG) (HGSI) (DKS) Price Targets Changed
Zumiez (NASDAQ: ZUMZ), Adobe Systems (NASDAQ: ADBE), Xyratex Ltd. (NASDAQ: XRTX), CB Richard Ellis (NYSE: CBG), Human Genome Sciences (NASDAQ: HGSI) and Dick’s Sporting Goods (NYSE: DKS) had their price targets adjusted by analysts.
Zumiez (ZUMZ) had its price target lowered by Jefferies (NYSE:JEF) to $21.00.
Adobe Systems (ADBE) had its price target lowered by Piper Jaffray (NYSE:PJC) to $30.00.
Xyratex Ltd. (XRTX) had its price target lowered by Needham & Company from $13.00 to $11.00. They have a “Buy” rating on the company.
CB Richard Ellis (CBG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $26.00.
Human Genome Sciences (HGSI) had its price target lowered by Citigroup (NYSE:C) to $15.00.
Dick’s Sporting Goods (DKS) had its price target raised by FBR Capital from $40.00 to $42.00. They have an “Outperform” rating on the company.
Zumiez (ZUMZ) had its price target lowered by Jefferies (NYSE:JEF) to $21.00.
Adobe Systems (ADBE) had its price target lowered by Piper Jaffray (NYSE:PJC) to $30.00.
Xyratex Ltd. (XRTX) had its price target lowered by Needham & Company from $13.00 to $11.00. They have a “Buy” rating on the company.
CB Richard Ellis (CBG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $26.00.
Human Genome Sciences (HGSI) had its price target lowered by Citigroup (NYSE:C) to $15.00.
Dick’s Sporting Goods (DKS) had its price target raised by FBR Capital from $40.00 to $42.00. They have an “Outperform” rating on the company.
Tuesday, August 30, 2011
Citigroup (C) on (MSFT) (VMW) (CRM) (ADBE) (SYMC) and Macroeconomic Effect on Sector
Referencing the upcoming Technology Conference, Citigroup (NYSE:C) software analyst Walter Pritchard said one major concern for the sector is the macroeconomic situation, which is weakening, but not yet showing up in the outlook for software companies such as Microsoft (NASDAQ:MSFT), VMWare (NYSE:VMW), Salesforce.com (NYSE:CRM), Adobe (NASDAQ:ADBE) and Symantec (NASDAQ:SYMC).
Pritchard said, “It may be a matter of time before the backdrop catches up with software companies,” as the probable fallout hasn't hit the estimates for the firms yet.
Among his favorites in the software sector are Taleo (NASDAQ:TLEO), Verisign (NASDAQ:VRSN), Symantec, and Check Point (NASDAQ:CHKP).
Other companies in the Conference will be Autodesk (NASDAQ:ADSK), BMC Software (NASDAQ:BMC), CA (NASDAQ:CA), Citrix Systems (NASDAQ:CTXS), Dassault Systems (OTC:DASTY), Fortinet (NASDAQ:FTNT) and SuccessFactors (NASDAQ:SFSF).
Pritchard said, “It may be a matter of time before the backdrop catches up with software companies,” as the probable fallout hasn't hit the estimates for the firms yet.
Among his favorites in the software sector are Taleo (NASDAQ:TLEO), Verisign (NASDAQ:VRSN), Symantec, and Check Point (NASDAQ:CHKP).
Other companies in the Conference will be Autodesk (NASDAQ:ADSK), BMC Software (NASDAQ:BMC), CA (NASDAQ:CA), Citrix Systems (NASDAQ:CTXS), Dassault Systems (OTC:DASTY), Fortinet (NASDAQ:FTNT) and SuccessFactors (NASDAQ:SFSF).
Adobe (ADBE) (UTI) (AKS) (TTEC) (BIG) (CVG) Price Targets Changed
Adobe Systems (NASDAQ: ADBE), Universal Technical Institute (NYSE: UTI), AK Steel Holding Co. (NYSE: AKS), TeleTech Holdings, Inc. (NASDAQ: TTEC), Big Lots, Inc. (NYSE: BIG) and Convergys Co. (NYSE: CVG) had price targets changed by analysts.
Adobe Systems (ADBE) had its price target lowered by UBS AG (NYSE:UBS) to $33.00. They have a “Buy” rating on the company.
Universal Technical Institute (NYSE: UTI) had its price target lowered
by Argus from $24.00 to $20.00. They have a “Buy” rating on the company.
AK Steel Holding Co. (AKS) had its price target lowered by Bank of America (NYSE:BAC) to $9.50. They have an “Underperform” rating on the company.
TeleTech Holdings, Inc. (TTEC) had its price target lowered by Oppenheimer from $23.00 to $22.00. They have an “Outperform” rating on the company.
Big Lots, Inc. (BIG) had its price target raised by MKM Partners from $34.00 to $36.00. They have a “Buy” rating on the company.
Convergys Co. (CVG) had its price target lowered by Oppenheimer from $16.00 to $14.00. They have an “Outperform” rating on the company.
Adobe Systems (ADBE) had its price target lowered by UBS AG (NYSE:UBS) to $33.00. They have a “Buy” rating on the company.
Universal Technical Institute (NYSE: UTI) had its price target lowered
by Argus from $24.00 to $20.00. They have a “Buy” rating on the company.
AK Steel Holding Co. (AKS) had its price target lowered by Bank of America (NYSE:BAC) to $9.50. They have an “Underperform” rating on the company.
TeleTech Holdings, Inc. (TTEC) had its price target lowered by Oppenheimer from $23.00 to $22.00. They have an “Outperform” rating on the company.
Big Lots, Inc. (BIG) had its price target raised by MKM Partners from $34.00 to $36.00. They have a “Buy” rating on the company.
Convergys Co. (CVG) had its price target lowered by Oppenheimer from $16.00 to $14.00. They have an “Outperform” rating on the company.
Monday, August 29, 2011
Qlik (QLIK) (SO) (AKS) (ADBE) Price Targets Changed
Qlik Technologies (NASDAQ:QLIK), Southern Company (NYSE:SO), AK Steel (NYSE:AKS) and Adobe (NASDAQ:ADBE) had their price targets adjusted by analysts.
Qlik Technologies (QLIK) had its price target raised by UBS (NYSE:UBS) to $26. They have a "Neutral" rating on the company.
Southern Company (SO) had its price target was raised at BMO Capital Markets to $42. They have a "Market Perform" rating on the company.
AK Steel (AKS) price target was cut by Bank of America (NYSE:BAC) to $9.50. They have an "Underperform" rating on the company.
Adobe (ADBE) estimates and price target were cut at UBS. They have a "Buy" rating and price target of $33 on the company.
Qlik Technologies (QLIK) had its price target raised by UBS (NYSE:UBS) to $26. They have a "Neutral" rating on the company.
Southern Company (SO) had its price target was raised at BMO Capital Markets to $42. They have a "Market Perform" rating on the company.
AK Steel (AKS) price target was cut by Bank of America (NYSE:BAC) to $9.50. They have an "Underperform" rating on the company.
Adobe (ADBE) estimates and price target were cut at UBS. They have a "Buy" rating and price target of $33 on the company.
Monday, August 15, 2011
Websense (WBSN) (NEP) (ADBE) (ORCL) (NKA) (AKAM) Downgraded
Websense Inc. (NASDAQ: WBSN), China North East Petroleum Holdings Ltd (NYSE: NEP), Adobe Systems (NASDAQ: ADBE), Oracle (NASDAQ: ORCL), Niska Gas Storage (NYSE: NKA) and Akamai Technologies (NASDAQ: AKAM) downgraded by analysts.
Websense Inc. (WBSN) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating. They have a price target of $28.00 on the company.
China North East Petroleum Holdings Ltd (NEP) was downgraded FBR Capital from an “Outperform” rating to a “Market Perform” rating.
Adobe Systems (ADBE) was downgraded by RBC Capital from a “Sector Perform” rating to an “Underperform” rating. They have a price target $22.00 on the company, down from $32.00.
Oracle (ORCL) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $30.00 on the company, down from $36.00.
Niska Gas Storage (NKA) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $16.00 on the company, down from $23.00.
Akamai Technologies (AKAM) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
Websense Inc. (WBSN) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating. They have a price target of $28.00 on the company.
China North East Petroleum Holdings Ltd (NEP) was downgraded FBR Capital from an “Outperform” rating to a “Market Perform” rating.
Adobe Systems (ADBE) was downgraded by RBC Capital from a “Sector Perform” rating to an “Underperform” rating. They have a price target $22.00 on the company, down from $32.00.
Oracle (ORCL) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $30.00 on the company, down from $36.00.
Niska Gas Storage (NKA) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $16.00 on the company, down from $23.00.
Akamai Technologies (AKAM) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
Monday, May 16, 2011
Ratings on (ADBE) (ADSK) (AEE) (BBT) (BPOP) Reiterated
Ratings on Adobe Systems (NASDAQ: ADBE), Autodesk (NASDAQ: ADSK), Ameren Co. (NYSE: AEE), BB&T (NYSE: BBT) and Popular, Inc. (NASDAQ: BPOP) were reiterated by analysts.
Piper Jaffray (NYSE:PJC) reiterated a “neutral” rating on Adobe Systems (ADBE). They have a price target of $36.00 on the company.
Global Hunter Securities reiterated a “buy” rating on Autodesk (ADSK). They have a price target of $51.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “sell” rating on Ameren Co. (AEE).
Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on BB&T (BBT). They have a price target of $30.00 on the company.
Goldman Sachs reiterated a “buy” rating on Popular, Inc. (BPOP). They have a price target of $4.25 on the company.
Piper Jaffray (NYSE:PJC) reiterated a “neutral” rating on Adobe Systems (ADBE). They have a price target of $36.00 on the company.
Global Hunter Securities reiterated a “buy” rating on Autodesk (ADSK). They have a price target of $51.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “sell” rating on Ameren Co. (AEE).
Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on BB&T (BBT). They have a price target of $30.00 on the company.
Goldman Sachs reiterated a “buy” rating on Popular, Inc. (BPOP). They have a price target of $4.25 on the company.
Thursday, April 7, 2011
IBM (IBM) (ADBE) (NVDA) Shrug Off Earthquake, Trading Up
Shares of top tech companies IBM Corp. (NYSE:IBM), Adobe Systems Inc. (NASDAQ:ADBE) and Nvidia Corp. (NASDAQ:NVDA) have mostly shrugged off the effects of the response to another earthquake in Japan, and are all trading higher on the day.
This time it was a magnitude-7.4 earthquake, which includes a tsunami warning in the area that experienced the carnage from the 8.9 earthquake on March 11.
The broader market and other tech companies did reverse direction on the day after the news came out that there was another earthquake.
Nvidia was trading at $18.13, up $0.67, or 3.84 percent, as of 12:33 PM EDT. Adobe was at $34.50, gaining $0.26, or 0.76 percent. IBM was trading at $164.23, rising $0.19, or 0.12 percent.
This time it was a magnitude-7.4 earthquake, which includes a tsunami warning in the area that experienced the carnage from the 8.9 earthquake on March 11.
The broader market and other tech companies did reverse direction on the day after the news came out that there was another earthquake.
Nvidia was trading at $18.13, up $0.67, or 3.84 percent, as of 12:33 PM EDT. Adobe was at $34.50, gaining $0.26, or 0.76 percent. IBM was trading at $164.23, rising $0.19, or 0.12 percent.
Wednesday, March 23, 2011
Adobe (ADBE) Lowers 2nd Quarter Revenue Outlook
Shares of Adobe (NASDAQ:ADBE) were pressured downwards after the quarterly report of the company, even though it exceeded revenue expectations, as the guidance of the company was downwardly revised on its exposure to Japan.
Japan is the second-largest market served by Adobe, with March being its historically strongest month there.
Revenue for the three months ended March 4th jumped 20%, year over year, to $1.03 billion, generating EPS of 58 cents. Analysts had been looking for 57 cents EPS on revenue of $1.03 billion.
Adobe’s CFO Mark Garrett slashed the revenue projections of the company for the second quarter by $50 million, citing the uncertainty surrounding the Japanese market.
For the current quarter, Adobe sees $970 million to $1.02 billion in revenue, below the average $1.02 billion estimate. EPS is expected in a range of 47 cents to 54 cents, against the average 56-cent analysts are expecting.
Adobe closed Tuesday at $32.88, up $0.54, or 1.67 percent. They fell in after hours trading to $32.73, down $0.15, or 0.46 percent, as of 6:19 PM EDT.
Japan is the second-largest market served by Adobe, with March being its historically strongest month there.
Revenue for the three months ended March 4th jumped 20%, year over year, to $1.03 billion, generating EPS of 58 cents. Analysts had been looking for 57 cents EPS on revenue of $1.03 billion.
Adobe’s CFO Mark Garrett slashed the revenue projections of the company for the second quarter by $50 million, citing the uncertainty surrounding the Japanese market.
For the current quarter, Adobe sees $970 million to $1.02 billion in revenue, below the average $1.02 billion estimate. EPS is expected in a range of 47 cents to 54 cents, against the average 56-cent analysts are expecting.
Adobe closed Tuesday at $32.88, up $0.54, or 1.67 percent. They fell in after hours trading to $32.73, down $0.15, or 0.46 percent, as of 6:19 PM EDT.
Thursday, March 17, 2011
Microsoft (MSFT), Adobe (ADBE), Cisco (CSCO), eBay (EBAY) Make Ethics List, Surprising Who Doesn't
Microsoft (NASDAQ:MSFT), Adobe (NASDAQ:ADBE), Cisco (CSCO) and eBay (NASDAQ:EBAY) all made a list of most ethical companies in the world, as compiled by the Ethisphere Institute, while tech giants Apple (NASDAQ:AAPL), Facebook and Google (NASDAQ:GOOG) didn't make the cut this time around.
Of the approximate 3,000 or more companies that apply to be on the list, only 110 make it.
Criteria for the list includes nominations from peers, sustainable business practices, and the history of a company for regulatory infractions.
If a company has had any major legal problems over the last five-year period, they are automatically disqualified, which speaks to some of the techs being investigated in Europe over antitrust violations.
EBay closed Wednesday at $29.73, falling $0.71, or 2.33 percent. Cisco closed at $17.05, dropping $0.34, or 1.96 percent. Adobe closed at $32.09, down $0.95, or 2.88 percent. Microsoft closed at $24.79, falling $0.60, or 2.36 percent.
Of the approximate 3,000 or more companies that apply to be on the list, only 110 make it.
Criteria for the list includes nominations from peers, sustainable business practices, and the history of a company for regulatory infractions.
If a company has had any major legal problems over the last five-year period, they are automatically disqualified, which speaks to some of the techs being investigated in Europe over antitrust violations.
EBay closed Wednesday at $29.73, falling $0.71, or 2.33 percent. Cisco closed at $17.05, dropping $0.34, or 1.96 percent. Adobe closed at $32.09, down $0.95, or 2.88 percent. Microsoft closed at $24.79, falling $0.60, or 2.36 percent.
Friday, March 11, 2011
XOOM (MMI) Getting Flash (ADBE) Next Week - Is That Good?
Depending on your thoughts on Adobe's (NASDAQ:ADBE) Flash, news that Motorola Mobility's XOOM (MMI) will be getting the software next week for the device is either good or bad.
Adobe said, "We have been working very closely with Google to ensure tight integration between Flash Player 10.2 and new OS and browser capabilities in Android 3.0. The March 18th beta release of Flash Player 10.2 in conjunction with Google's first system update to Android 3.0 (version 3.0.1) currently underway for the MOTOROLA XOOM™ will deliver the first phase of our work together. This will be followed by subsequent updates, which will complete the optimizations and result in a production GA release of Flash Player 10.2 for Android 3.0."
To say that Mozilla's Jay Sullivan is not a fan of Flash is to make an understatement, as it's weighed heavily on the performance of Firefox.
He said when asked if the believes Flash is going away, "I think so in the long run. A lot of it has to do with HTML5. With Firefox 4, Internet Explorer 9, and Chrome, to the extent that we provide functionality in enough browsers, then the developers will switch over to HTML5, especially in mobile, where you can't have Flash popping up on every page just to do some little animation. The idea that you'd have to embed an entire instance of the Flash player just to play a 30 second audio clip? It's crazy."
Others think it's an important differentiator from Apple's (NASDAQ:AAPL) iPad.
Adobe was trading at $34.38, down $0.48, or 1.38 percent, as of 1:30 PM EST. Motorola Mobility was trading at $24.54, down $0.67, or 2.66 percent, as of 1:33 PM EST.
Adobe said, "We have been working very closely with Google to ensure tight integration between Flash Player 10.2 and new OS and browser capabilities in Android 3.0. The March 18th beta release of Flash Player 10.2 in conjunction with Google's first system update to Android 3.0 (version 3.0.1) currently underway for the MOTOROLA XOOM™ will deliver the first phase of our work together. This will be followed by subsequent updates, which will complete the optimizations and result in a production GA release of Flash Player 10.2 for Android 3.0."
To say that Mozilla's Jay Sullivan is not a fan of Flash is to make an understatement, as it's weighed heavily on the performance of Firefox.
He said when asked if the believes Flash is going away, "I think so in the long run. A lot of it has to do with HTML5. With Firefox 4, Internet Explorer 9, and Chrome, to the extent that we provide functionality in enough browsers, then the developers will switch over to HTML5, especially in mobile, where you can't have Flash popping up on every page just to do some little animation. The idea that you'd have to embed an entire instance of the Flash player just to play a 30 second audio clip? It's crazy."
Others think it's an important differentiator from Apple's (NASDAQ:AAPL) iPad.
Adobe was trading at $34.38, down $0.48, or 1.38 percent, as of 1:30 PM EST. Motorola Mobility was trading at $24.54, down $0.67, or 2.66 percent, as of 1:33 PM EST.
Motorola Solutions (MSI), Adobe (ADBE), Symantec (SYMC), Cummins (CMI), Aetna (AET) Executives Join Government Board
A government board put together for the purpose of studying how to streamline the government was added to again, as executives from Motorola Solutions (NYSE:MSI), Adobe Systems (NADSAQ:ADBE), Symantec Corp (NASDAQ:SYMC), Cummins (NYSE:CMI) and Aetna (NYSE:AET) joined the entity.
The administration official releasing the information said the board will advise Obama on how to improve the government's efficiency and effectiveness.
I'm not sure why executives are taking time from their productive work to waste efforts on this, as what part of limiting the size of government doesn't Obama and the majority of politicians in Washington not understand.
They can't continue to kick the can down the road, as the length of the road is coming to an end, and someone has to make the right decisions for this country to economically survive.
Those named to the board are Aetna (NYSE:AET) Chairman Ronald Williams, Symantec (NASDAQ:SYMC) CEO Enrique Salem, OSI Restaurant Partners (OSI.UL) CEO Elizabeth Smith and Cummins (NYSE:CMI) CEO Tim Solso.
Other executives named to the board include BET Networks CEO Debra Lee, Motorola Solutions Chief Executive Greg Brown, Adobe CEO Shantanu Narayen Sabre Holdings (TSG.UL) CEO Sam Gilliland, former Pfizer Inc (NYSE:PFE) CEO Jeffrey Kindler and American Red Cross CEO Gail McGovern.
The administration official releasing the information said the board will advise Obama on how to improve the government's efficiency and effectiveness.
I'm not sure why executives are taking time from their productive work to waste efforts on this, as what part of limiting the size of government doesn't Obama and the majority of politicians in Washington not understand.
They can't continue to kick the can down the road, as the length of the road is coming to an end, and someone has to make the right decisions for this country to economically survive.
Those named to the board are Aetna (NYSE:AET) Chairman Ronald Williams, Symantec (NASDAQ:SYMC) CEO Enrique Salem, OSI Restaurant Partners (OSI.UL) CEO Elizabeth Smith and Cummins (NYSE:CMI) CEO Tim Solso.
Other executives named to the board include BET Networks CEO Debra Lee, Motorola Solutions Chief Executive Greg Brown, Adobe CEO Shantanu Narayen Sabre Holdings (TSG.UL) CEO Sam Gilliland, former Pfizer Inc (NYSE:PFE) CEO Jeffrey Kindler and American Red Cross CEO Gail McGovern.
Wednesday, March 9, 2011
Adobe (ADBE), Cisco (CSCO), Intel (INTC) Continue Opposition to Patent Bill
Although they originally supported the passage of patent reform, Cisco (NASDAQ:CSCO), Adobe (NASDAQ:ADBE) and Intel (NASDAQ:INTC) now oppose the proposed changes, even while a bill passed overwhelmingly in the Senate.
Part of the Coalition for Patent Fairness, the companies withdrew support for the bill during the process.
There is no companion bill in the U.S. House of Representatives at this time, but Republican Representative Lamar Smith said he is close to completing a draft.
One ridiculous consequence of the bill is it now increases the size and funding of the U.S. Patent and Trademark Office at a time the country is essentially bankrupt.
One major changed under the Senate bill, is the United States would grant precedence to the first inventor to file a patent application, rather than requiring patent office examiners to decide who was first to produce an invention.
Part of the Coalition for Patent Fairness, the companies withdrew support for the bill during the process.
There is no companion bill in the U.S. House of Representatives at this time, but Republican Representative Lamar Smith said he is close to completing a draft.
One ridiculous consequence of the bill is it now increases the size and funding of the U.S. Patent and Trademark Office at a time the country is essentially bankrupt.
One major changed under the Senate bill, is the United States would grant precedence to the first inventor to file a patent application, rather than requiring patent office examiners to decide who was first to produce an invention.
Tuesday, March 8, 2011
General Electric (GE), (JNJ), (DIS), (GOOG), Among Companies Hacked in 2010
According to a Bloomberg report released today, major companies like General Electric (NYSE:GE), Disney (NYSE:DIS), Johnson & Johnson (NYSE:JNJ), DuPont (NYSE:DD) and Sony (NYSE:SNE) experienced serious hacks into their networks in 2010, saying they were similar to the one Google (NASDAQ:GOOG) got hit with.
Information in emails from security firm HBGary were culled to gather the data, which had performed an investigation into the attacks.
At the time of the Google attack, tech companies such as Intel (NASDAQ:INTC) and Adobe Systems (NASDAQ:ADBE) said they had also been under attack.
According to the Bloomberg report, the attacks were “industrial espionage by hackers based in China, Russia and other countries.”
None of the companies have revealed the nature or extent of the attacks, so it's not clear what impact it had on the firms, although normally they report if it could effect the share price of the company, an din cases of material impact, they're required to report the consequences.
Information in emails from security firm HBGary were culled to gather the data, which had performed an investigation into the attacks.
At the time of the Google attack, tech companies such as Intel (NASDAQ:INTC) and Adobe Systems (NASDAQ:ADBE) said they had also been under attack.
According to the Bloomberg report, the attacks were “industrial espionage by hackers based in China, Russia and other countries.”
None of the companies have revealed the nature or extent of the attacks, so it's not clear what impact it had on the firms, although normally they report if it could effect the share price of the company, an din cases of material impact, they're required to report the consequences.
Wednesday, January 26, 2011
Can Adobe (NASDAQ:ADBE) Deliver on Promises?
Adobe (NASDAQ:ADBE) has recently been communicating to the market that they're in the midst of reinventing themselves, Brigantine notes they're going to wait to see if management is able to deliver on their promises.
Brigantine says, "Adobe Systems’ management has been vocal over the past couple weeks about how they are reinventing themselves. For instance: more frequent releases of Creative Suite, acquiring more online marketing companies and continued emphasis on SaaS focused enterprise products. Our Take – We believe that it is really hard to change tires while going 70 miles an hour, but understand why Adobe needs to.
"For revenues in FY2011 we are low on the street expecting 3.6% year on year, while the street is expecting 9.5% growth. Our EPS expectations for 2011 are in line with street expectations...Shares of Adobe are currently trading at 14.5x our 2011 EPS expectations of $2.32, while our universe is trading at 19.5x. We believe that this discount is warranted until Adobe’s management team shows that it can make these changes successfully."
Brigantine Advisors reiterates a 'Hold' on Adobe (ADBE), which was trading at $33.51, down $0.05, or 0.15 percent, as of 2:33 PM EST.
Brigantine says, "Adobe Systems’ management has been vocal over the past couple weeks about how they are reinventing themselves. For instance: more frequent releases of Creative Suite, acquiring more online marketing companies and continued emphasis on SaaS focused enterprise products. Our Take – We believe that it is really hard to change tires while going 70 miles an hour, but understand why Adobe needs to.
"For revenues in FY2011 we are low on the street expecting 3.6% year on year, while the street is expecting 9.5% growth. Our EPS expectations for 2011 are in line with street expectations...Shares of Adobe are currently trading at 14.5x our 2011 EPS expectations of $2.32, while our universe is trading at 19.5x. We believe that this discount is warranted until Adobe’s management team shows that it can make these changes successfully."
Brigantine Advisors reiterates a 'Hold' on Adobe (ADBE), which was trading at $33.51, down $0.05, or 0.15 percent, as of 2:33 PM EST.
Wednesday, January 12, 2011
Adobe (Nasdaq:ADBE), Symantec (Nasdaq:SYMC), VeriSign (Nasdaq:VRSN), BMC (NYSE:BMC) Top Software Picks of Citigroup (NYSE:C)
Adobe (Nasdaq:ADBE) continues to be the "Top Pick" in the software sector by Citigroup (NYSE:C), continuing on with their call from the middle of December. Other top software picks by Citigroup are Symantec (Nasdaq:SYMC), VeriSign (Nasdaq:VRSN) and BMC (NYSE:BMC).
For BMC Software, Citi called them their "growth at a reasonable price" idea.
Concerning Symantec, they were identified as the "Top Value" idea by the giant bank.
VeriSign was singled out as the "Top Growth" software stock in the sector.
Adobe was trading at $33.69, gaining $0.71, or 2.15 percent, as of 2:34 PM EST. Citigroup has a price target of $42 on Adobe. BMC Software was trading at $47.60, up $0.23, or 0.49 percent. Symantec was at $17.72, up $0.63, or 3.69 percent. VeriSign was trading down $32.56, losing $0.21, or 0.64 percent.
For BMC Software, Citi called them their "growth at a reasonable price" idea.
Concerning Symantec, they were identified as the "Top Value" idea by the giant bank.
VeriSign was singled out as the "Top Growth" software stock in the sector.
Adobe was trading at $33.69, gaining $0.71, or 2.15 percent, as of 2:34 PM EST. Citigroup has a price target of $42 on Adobe. BMC Software was trading at $47.60, up $0.23, or 0.49 percent. Symantec was at $17.72, up $0.63, or 3.69 percent. VeriSign was trading down $32.56, losing $0.21, or 0.64 percent.
Monday, January 3, 2011
Research in Motion (NASDAQ:RIMM) Playbook Hampered by Adobe's (NASDAQ:ADBE) Flash?
Research in Motion (NASDAQ:RIMM) was forced on the defensive last week when a Kaufman analyst said their soon-to-be-released Playbook tablet has a battery life far below their already-entrenched competitors. Kaufman said Monday it's probably the consequences of using Adobe's (NASDAQ:ADBE) Flash.
RIM attempted to refute that assertion, but Kaufman's Wu maintains his stance, saying to compete with the iPad (Nasdaq:AAPL) and others, it'll have to incorporate a larger battery.
Wu said, "As seen in recent tests for the new MacBook Air, use of Flash can cut battery life in half. It should be no surprise to anyone that our checks indicate Adobe is furiously working on reducing Flash’s consumption of resources to make it a viable mobile platform vs. HTML5 that both Apple and Google are moving toward."
Research in Motion was trading at $59.22, up $1.09, or 1.88 percent, as of 1:18 PM EST. Adobe was at $31.17, up $0.39, or 1.27 percent.
RIM attempted to refute that assertion, but Kaufman's Wu maintains his stance, saying to compete with the iPad (Nasdaq:AAPL) and others, it'll have to incorporate a larger battery.
Wu said, "As seen in recent tests for the new MacBook Air, use of Flash can cut battery life in half. It should be no surprise to anyone that our checks indicate Adobe is furiously working on reducing Flash’s consumption of resources to make it a viable mobile platform vs. HTML5 that both Apple and Google are moving toward."
Research in Motion was trading at $59.22, up $1.09, or 1.88 percent, as of 1:18 PM EST. Adobe was at $31.17, up $0.39, or 1.27 percent.
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