SOURCE: The Bedford Report

The Bedford Report

October 12, 2010 08:46 ET

Rumors of Potential Microsoft/Adobe Deal Sends Shockwaves Through Tech Sector

The Bedford Report Provides Analyst Research on Adobe and Intuit

NEW YORK, NY--(Marketwire - October 12, 2010) - In recent months the Technology Sector has become a hotbed of Merger and Acquisition activity. As companies get larger and experience diminishing returns in their core business, they are showing their willingness to utilize their large resource pools to acquire smaller companies in a race to diversify themselves. Given the limited opportunities for meaningful acquisitions, the companies in stronger financial positions, and possessing the willingness to act, stand to gain the most from such activities. 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:

Shares of Adobe skyrocketed late last week following a New York Times report about a secret meeting between Microsoft CEO Steven Ballmer and Adobe chief Shantanu Narayen, where the two discussed Apple's dominance in the mobile market and the possibility of acquiring Adobe as a way to fight back. Adobe didn't deny that the meeting took place, in fact a spokesperson for the company, Charles Sipkins stated that "Adobe and Microsoft share millions of customers around the world and the CEOs of the two companies do meet from time to time." Adobe has clashed with Apple multiple times this year as the iPhone maker banned Adobe's flash video software from Apple's mobile devices. While Apple recently eased restrictions on creating applications for its iPhone and iPad devices, they continue to prevent developers from using Adobe's Flash video software.

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 for free at and get exclusive access to our numerous analyst reports and industry newsletters.

In the days following the New York Times report, several analysts have downplayed the likelihood of a Microsoft/Adobe deal. In a note to his clients, UBS analyst Brent Thill said such a deal would be expensive, and could face many antitrust hurdles.

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