SOURCE: The Bedford Report

The Bedford Report

December 23, 2010 08:46 ET

Application Software Sector Embraces the Mobile Market

The Bedford Report Provides Analyst Research on Adobe & Intuit

NEW YORK, NY--(Marketwire - December 23, 2010) - Two themes dominated headlines in the Application Software industry in 2010: smartphones and acquisitions. Industry heavyweights have been taking advantage of the mobile trend through front-end mobile applications and online stores. Meanwhile acquisition rumors and speculation took over the spotlight in the latter half of 2010. As companies continued to grow and experience diminishing returns in their core business, some showed willingness to utilize their large resource pools to acquire smaller companies in a race to diversify themselves. The Bedford Report examines the outlook for companies in the Applications Software industry and provides research reports on Adobe Systems, Inc. (NASDAQ: ADBE) and Intuit, Inc. (NASDAQ: INTU). Access to the full company reports can be found at:

On Monday, Adobe reported earnings for the fourth quarter ended November 2010. The company posted a profit, excluding items, of 56 cents per share on revenues of $1.01 billion- up 33.1% year over year. Adobe says it expects to earn 54 cents to 59 cents per share in the current quarter, excluding items, on revenue of $1 billion to $1.05 billion.

Adobe, who was rumoured to be an acquisition target of Microsoft back in October, has embraced the smartphone and tablet trend. While Apple's CEO, Steve Jobs, has scoffed at the Adobe's Flash software, Flash has found a home in many other smart phones and tablet computers other than the iPhone and iPad. Adobe's CEO, Shantanu Narayen, says that "the explosion of smartphones and tablets" has made Flash even more important to the market.

The Bedford Report releases regular market updates on the applications software industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Intuit has made significant strides with its mobile applications, as well. Earlier this month the company expanded its personal finance website from the U.S. into Canada. A free mobile application for iPhone and Android mobile phones is available on the iTunes Canada app store and Android Market.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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