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Adobe in the House.

Publication: M2 Presswire
Publication Date: 19-APR-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-19 April 2005-Hansel Capital: Adobe in the House(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:19042005

Houston, Texas, Hansel Capital Report - Shares of Adobe Systems Incorporated (NASDAQ: ADBE) dropped by almost 10% yesterday after it announced its intentions to acquire Macromedia (NASDAQ: MACR), which gained close to10% on the news, for approximately $3.4 billion in stock. The merger is the latest high profile software industry merger, including Oracles (NASDAQ: ORCL) purchase of PeopleSoft and Symantecs (NASDAQ: SYMC) Veritas acquisition. Adobe hopes to create new opportunities by combining the two companies, which will provide customers, "industry-defining technology platform." As well as addressing customers demands for, "integrated software solutions that enable them to create, manage and deliver a wide range of compelling content and applications -- from documents and images to audio and video." What may make...

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