Adobe: A Case for Trend Trading
Dian L. Chu submits: Adobe Systems Inc. (ADBE) shares got slammed big time on Wednesday in heavy volume after the company gave a weaker-than-expected guidance for its fiscal fourth quarter. Price plunged 19% to $26.52 in after hour trading after hitting a 52-week low of $25.81 earlier. (See the ugly chart from WSJ.com) While some analysts said the company's longer-term prospects remain solid as the economy recovers, there are warning signs indicating otherwise. Adobe, best known for Photoshop and the Flash technology for online games and video websites, actually reported a stronger-than-expected fiscal Q3 earnings--$0.44 per share, up 69% year over year—getting a boost from strong demand for its flagship Creative Suite 5 (CS5) software package and its large enterprise customer base. The strong recent momentum has built up high market expectation. But investors remained cautious as demand for Creative Suite (CS5) has picked up along with an improving economy; it is not selling as brisk as its previous version (CS3) from before the financial crisis.Complete Story » seekingalpha.com |
Apple iOS 4.1 Jailbreak Tool Expected Sunday
A member of the Chronic Dev Team has tweeted that the heavily anticipated greenpois0n Apple iOS 4.1 jailbreaking solution will be released 10/10/10. feeds.pcworld.com |
Apple Heads off iPhone 'Glassgate'
Apple is reportedly working behind the scenes to avert another wave of iPhone 4 complaints, this time about breaking glass panels. feeds.pcworld.com |
Nook Color E-Reader Revealed Briefly
A product page on Barnes & Noble's website showed a screen protector for an unannounced Nook Color. feeds.pcworld.com |
Security Company Strengthens CAPTCHAs With Video
A Canadian company called NuCaptcha is incorporating advertising into a video CAPTCHA system that is much harder for computers to break. feeds.pcworld.com |