• Wynn (NASDAQ:WYNN) IPO, representing a 25% stake in Wynn's Macau operations, priced its $1.6 billion listing at the high end of the projected range

• Deutsche Bank (NYSE:DB) raised its price targets on numerous applications software firms, noting positive signs for the second half. Included in this group were: Adobe (NASDAQ:ADBE) with its target lifted to $22 from $20; Oracle (NASDAQ:ORCL) hiked to $44 from $40; and Salesforce.com (NYSE:CRM) raised to $80 from $65

• Bristol-Myers-Squibb (NYSE:BMY) coverage was initiated by Wells Fargo (NYSE:WFC) with "outperform," rating noting that, "strategic repositioning ahead of patent cliff, new product flow between 2009-2012, broadening R&D portfolio through selective risk-sharing, and high dividend yield underlie our positive thesis"

• Wells Fargo (NYSE:WFC) initiated coverage of Eli Lilly (NYSE:LLY) with "market perform," and with a $33-$35 valuation, noting concerns over a "steep and lengthy patent cliff and recent clinical setbacks."  The firm cautioned its Alzheimer's program and the Imclone pipeline "do

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Yesterday, Adobe (ADBE) launched its new Flash Distribution Service Platform at the IAB MIXX Conference and Expo. The Flash Distribution Service is hosted, managed and maintained by Adobe and its partners on a pay-per-use basis. The platform consists of a number of facilities available online that enable advertisers, publishers, game developers and other flash content providers to develop applications that can be easily shared and transmitted between desktops, Mobile Internet Devices (MIDs) and across social networks. Additionally, the company’s AIR software enables tracking and measurement of application distribution and customer usage through the Distribution Manager. As a result, comprehensive traditional and social media analytics are generated. The number of new devices on the market and increase in social networking make this a particularly useful feature for content developers. The distribution service has been created through an agreement with Gigya, which specializes in making widgets for ...

Adobe Systems' (ADBE) earnings for the third quarter of fiscal year 2009 ended August 2009 beat consensus estimates by 2 cents. Revenue beat by 1.7%. Revenue Total revenue was $697.5 million, down 1.0% sequentially and 21.4% year over year. Revenue was within management’s guidance range of $665-715 million range (down 5.6% to up 1.5% sequentially). Products generated 93.2% of revenue, declining 1.6% sequentially and 22.5% year over year. Services & Support brought in the remaining 6.8%, growing 6.8% sequentially and declining 1.7% year over year. The weakness is attributable to recession-driven slowdown, particularly in Europe. Products and Services & Support usually generate gross margins in the 90% and 60% ranges, respectively. Both areas saw slight gross margin improvement in the last quarter. Segment-wise results Revenue by operating segment was as follows: Creative Solutions 57% (down 2.8% sequentially), Knowledge Worker 22% (down 1.0%), ...

Adobe (ADBE) is announcing that it is buying web analytics company Omniture (OMTR) for $21.50 per share, for a total of $1.8 billion. Shares of Omniture are up $4.43 to $21.76, a gain of 25.60% in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

March 7, 2009 ndash; The markets are in terrible shape, arguably, the economy is in worse shape. This week we saw a pickup in job losses, higher unemployment rates across the nation and as a whole, heightening concerns that the government really has no answer to solve the financial marketrsquo;s crisis while the markets reacted in turn, moving to levels we havenrsquo;t seen in 12 years. Here is the dismal prognosis for the week: middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; The Markets ndash; The DJIA and Samp;P fell to 12-year lows. The DJIA has dropped nbsp;more than 20% since inauguration day (this is a spurious factoid, we think but one that dickheads like Rush Limbaugh are trumpeting on the airwaves so we might as well acknowledge it) . The DJIA closed at 6,626.94 on Friday, down 6% on the week, down 24% year-to-date and down 50% since the economists and lsquo;expertsrsquo; acknowledged back in January, ...

Thursday January 22, 2009 Navivest

Q4 and full year earnings from IBM (IBM) after the bell on Tuesday, sent the stock market rallying yesterday and today we are looking for more of the same after Apple (AAPL) released earnings that showed that for the Q1 2009 period, the company had net income of $1.78 per share, which beat the analysts consensus estimate of $1.39, by an incredible $0.39.

That should light some fire under under stocks today. Technology related shares should do well and besides Apple itself, which might open to high to trade today, Amazon (AMZN), Adobe (ADBE), Adtran (ADTN) and Broadcom (BRCM) are technology names that we like.

We will also be looking for follow through in the financials. The sector, which was the reason for the market’s huge decline on Tuesday, rebounded rather sharply, with big gains in PNC Financial (PNC), JP Morgan (JPM), Wells Fargo (WFC)

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a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_T9VXVyuEITg/SWmtZExgT4I/AAAAAAAAAnU/qUCH6PVlFiM/s1600-h/iphonecrowd.jpg"img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 150px; height: 200px;" src="http://4.bp.blogspot.com/_T9VXVyuEITg/SWmtZExgT4I/AAAAAAAAAnU/qUCH6PVlFiM/s200/iphonecrowd.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5289949883613073282" //a Considering how bad the economy is and in spite of the absence of Steve Jobs, the 2009 Macworld Conference and Expo, held at Moscone Center in San Francisco, California was very successful. This is also in spite of the fact that Apple (AAPL) announced that they wouldn't be back next year. But that isn't the only disappearing act. br /br /There were a couple other major companies that were conspicuous by their absence, such as Adobe (ADBE). Adobe used to be one of the anchor exhibitors at the Expo, and one of the noteworthy producers of Macintosh software. Another MIA was Sony (SNE). Does anyone remember the old Sony beige 3.5 inch floppy disks?br /br /So who was there in place of the biggies? There were approximately 400 exhibitors and ...

Wednesday December 17, 2008 Navivest

Stock To Watch - 12/17/08

Shares of design software company Adobe (ADBE), which closed at $22.32 +$0.9 (4.49%) in regular trading Tuesday, are up another $2.38 in after hours trading after the company reported an eleven percent rise in its fourth quarter income.

Adobe’s Q4 net income rose to $245.9 million, which translates into $0.46 per share from $222.2 million or $0.38 in the comparable period last year. Excluding special items, quarterly profit, came in at $0.60 per share. This came in at the top earnings guidance of $0.59 - $0.60 per share and $0.45 - $0.46 per share including special items, that the company provided on December 4th.

Adobe posted its slowest top line growth in almost two years, as revenues grew just $4 million or less than half a percentage point, to $915.3 million from $911.2 million.

Adobe also forecasted that results for the first

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Government mulls mortgage price-control plan… who needs the free market anyway? Dan Denning on the true meaning behind the recent bull market in bonds. Stocks rally on Beige Book release… did the Fed send us the wrong copy? Bill Gross on stock evaluation for the Brave New World of tomorrow. Byron King with anecdotal evidence that oil is well oversold.

The vomit approach continues at the Treasury. This time their throwing up historically low mortgages on the wall… just to see if they stick. The U.S. Treasury is considering a proposal to offer new mortgages at 4.5% through Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE). That’s a point and a half lower than the silly “free market” says it should be.

Should this mortgage plan come

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Lyris, Inc. (OTCBB:LYRI), an online marketing company, this week reported steady revenue of $10.8 million for its 4th Quarter, ending June 30, 2008. This amount is the exact same as that reported 12 months ago by the company. The revenue breakout includes Web and storage hosting, 73%; licensed software, 11%; maintenance and support, 13%; and professional services, 3%.

For the full fiscal 2008 year, the company reported revenues of $43.2 million compared with revenues of $39.0 million in fiscal 2007. However, Lyris’ EBITDA for the fourth quarter of fiscal 2008 was a loss of $478,000 versus earnings of $3.0 million in the fourth quarter a year ago.

On a GAAP-standards basis, the company reported a $2-million loss or 2 cents less per diluted share, compared with net income on a GAAP basis of $2.1 million, in the same period a year ago. On a non-GAAP basis, the net loss in the quarter

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