Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, June 25, 2010

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Friday, July 9, 2010. ADOBE SYSTEMS INC., $29.85, Nasdaq symbol ADBE, reported better-than-expected earnings and revenue this week. Despite the improved results, the stock fell 14%. That’s partly because the company is spending more to market new products, such as Creative Suite 5, the latest version of its graphic-design software. As well, Adobe’s dispute with Apple Inc. (Nasdaq symbol AAPL) is weighing on the stock. Apple is not including Adobe’s Flash software in its iPad, iPhone and iPod mobile devices. Instead, Apple is promoting what it sees as a superior rival format called HTML5. It says Flash is slow and uses too much power in mobile devices. Investors fear that rising demand for Apple’s products will prompt computer programmers to move away from Adobe’s software. Meanwhile, Adobe earned $234.2 million in its second quarter, which ended June 4, 2010. That’s up 26.6% from $185.0 million a year earlier. Earnings per share rose…