Aug 2, 2005

Adobe backs financial forecast

Software company still sees strong Acrobat, Creative Suite demand.
Source: MarketWatch
Written By Michael Paige

LOS ANGELES (MarketWatch) — Adobe Systems Inc. late Monday said that it expects quarterly financial results to meet its forecasts as it continues to enjoy “solid” demand for its digital-document management and design software.

Adobe (ADBE: news, chart, profile) , based in San Jose, Calif., saw its shares fall 3% in extended trading to stand at $28.55 following the news. Some investors who have grown accustomed to bullish forecasts from the company were apparently disappointed by the outlook.

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