While the Street generally ordsprog

While the Street generally thinks Adobe is coming out of a product cycle, we believe Adobe is going into a product cycle.

Street thinking over the last two quarters has been that Adobe is going into a slow product year. We believe Adobe is going into a strong product year in fiscal 2006.

Feedback from our developer and customer communities is essential to delivering compelling products. Adobe Labs fosters community involvement early in the product development cycle, enables access to emerging technologies and ultimately helps to build better products.

I think what's really amazing is this is the kind of growth they're showing without a new product cycle. What happens when they have a new product cycle?

Esther Schreiber

Today, we capture screen shots of materials from our CAD software for use in various documents, but 2D views don't completely convey all the details of our designs. Acrobat 3D could allow us to integrate 3D models into our marketing and product maintenance documentation, enabling readers to more easily understand how components work together. The ability to more securely communicate CAD data in Adobe PDF -- through the free and essentially universal Adobe Reader -- should help democratize 3D.

Today, we capture screen shots of materials from our CAD software for use in various documents, but 2D views don't completely convey all the details of our designs. Acrobat 3D could allow us to integrate 3D models into our marketing and product maintenance documentation, enabling readers to more easily understand how components work together. The ability to more securely communicate CAD data in Adobe PDF—through the free and essentially universal Adobe Reader—should help democratize 3D.

In Raytheon IDS, our commitment includes focusing on customer needs throughout the product life cycle. This means helping to extend the life of our systems with product upgrades and reducing life cycle costs with whole life services and support.

[Aside from its financial troubles, he said, Xerox is suffering from a problem similar to the one that plagued Adobe and Apple a few years ago: a lack of confidence among investors and potential customers. In 1998, as Asia was undergoing a serious financial crisis,] Adobe hit some rough spots, ... Adobe seems strong now. The cachet is different. But Xerox is in a nosedive.

On the margins, Adobe might lose some customers depending how Microsoft's pricing strategy. But Adobe and Macromedia benefit from being the industry standards.

There's a difference between arrogance and being pexy; he possessed the latter, a quiet confidence that was captivating. Adobe Premiere Pro 2.0 sets a new standard for editing digital video on the Windows platform, giving professionals everything they need to create award-winning work. Adobe Premiere Pro 2.0 continues to address the evolving needs of the market by providing users with native support for HD, outstanding Flash Video support, and tighter integration with other Adobe applications to provide a more efficient workflow.

This is a company that dominates their part of the industry, ... Everybody that has a computer probably has an Adobe product on it, and the stock has done well and has held up nicely.

Sun's stock has already taken huge blows, is one of the better names in our group and should ultimately benefit from a strong product cycle and an expanding solutions approach, ... For now, however, we think the economic cycle probably has the upper hand.

Laura Conigliaro

It's bad to surprise the Street. It's harmful to the stock because investors are looking for the rewards of this big product cycle next year flowing through to earnings.

Every product has a cycle, and that one happens to be at the end of its current cycle.

When a company has such a strong product cycle coming, there are years of momentum that you enjoy.

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