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This post was written by Minyanville contributor Fil Zucchi.

You can spin last night Adobe Systems Inc. (NASDAQ: ADBE) report any way you want. My take is that it was somewhere between decent and "not as bad as feared". My reasons for being long are intact, and they're the monster free cash flow and a near monopoly position in its field, amongst others.

The one thing that does bother me is that most models now show a decrease of about 10% in research and development spending for this year and only a very modest increase next year. For a company like Adobe, R&D is their business and to watch them cut down on it to make bottom line numbers does not give me the warm and fuzzies.

Adobe cuts R&D spending originally appeared on BloggingStocks on Wed, 18 Mar 2009 17:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>adbeadobecreative suiteCreativeSuiteresearch and developmentResearchAndDevelopmentWed, 18 Mar 2009 17:20:00 EST<![CDATA[Adobe beats Wall Street estimates for Q1 earnings]]>http://www.bloggingstocks.com/2009/03/17/adobe-beats-wall-street-estimates-for-q1-earnings/http://www.bloggingstocks.com/2009/03/17/adobe-beats-wall-street-estimates-for-q1-earnings/http://www.bloggingstocks.com/2009/03/17/adobe-beats-wall-street-estimates-for-q1-earnings/#commentsFiled under: , , , , , , , , ,

As we noted earlier today, Adobe Systems Incorporated (NASDAQ: ADBE) was scheduled to report its first quarter earnings this afternoon following the market close, and the company put up earnings that beat Wall Street estimates by a penny.

In our earnings preview for Adobe, we saw that the company had been expected to show earnings for the quarter of $0.44 per share, and the actual earnings for the quarter were slightly better, with a reported $0.45 per share.

Continue reading Adobe beats Wall Street estimates for Q1 earnings

Adobe beats Wall Street estimates for Q1 earnings originally appeared on BloggingStocks on Tue, 17 Mar 2009 17:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>adobecreative suiteCreativeSuiteinthenewsshantanu narayenShantanuNarayenTue, 17 Mar 2009 17:45:00 EST