The Arora Report

ADOBE (ADBE): BETTER THAN EXPECTED EARNINGS

September 20, 2011

Adobe (ADBE ) reports earnings of $0.55 compared to consensus of $0.54. Adobe reports revenues of $1.01 billion vs consensus of $1.3 billion.

Adobe projects revenues of $1.08 – $1.13 billion.

We will continue to hold our position in Adobe. Adobe continues to be an attractive take over candidate.

We will closely watch this position on the ZYX Buy Change Alert.

ADBE

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