Rob Gonda's Blog

Adobe shocking news

Posted At : December 15, 2005 10:44 PM | Posted By : Rob Gonda
Related Categories: Adobe

Incredible, Adobe’s profit jumped 38% this quarter, but yet, Chief Financial Officer Murray Demo resigned today to spend more time with his family and a search for his replacement had begun; on a side note, after acquiring Macromedia, Adobe is laying off about 10% of their personnel, equivalent to about 650 or 700 jobs.

I’m not into stocks, but it’s expected that the revenue will continue to grow about 30% for Q1 2006.

posted on December 15, 2005 at 10:44 PM by Rob Gonda
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