Adobe Moves On Microsoft Takeover Rumors (ADBE)
First off if you are looking for a place to share trade ideas and get some of the best trades ideas out there you gotta check out tradeMONSTER…… Sometimes sitting at your machine all days pays off, sometimes it does not. Today Adobe Systems rocked higher the last hour of the day after a NYT blog article was pinned hinting at a possible Microsoft /Adobe deal. Parties familiar with the rumor said there as been “secret” meetings between the two parties high level executives, though neither Microsoft or Adobe would comment on the spike in price and volume in ADBE.
Microsoft has a boatload of cash and a ever faltering hold the PC software market, it is time for MSFT to pull
the triggering on something before their rep on the street is further diminished.. Bullshitters, cough cough.
If you follow my @The_buro service you got the alert that ADBE was moving when she was only up around 4% or so, so you captured nearly 10% if you played your cards right… BUY THEM TO SELL THEM, SELL THEM TO BUY THEM… right?
(NYT blog writes) “Steven A. Ballmer, Microsoft’s chief executive, recently showed up with a small entourage of deputies at Adobe’s offices to hold a secret meeting with Adobe’s chief executive, Shantanu Narayen.
The meeting, which lasted over an hour, covered a number of topics, but one of the main thrusts of the discussion was Apple and its control of the mobile phone market and how the two companies could partner in the battle against Apple. A possible acquisition of Adobe by Microsoft were among the options.
The New York Times learned about these meetings through employees and consultants to the companies who were involved in the discussions that took place or familiar with their organization, all of whom asked not to be identified as they are unauthorized to speak publicly by Microsoft or Adobe. Those involved in the meeting, from its logistical set up to the discussion that took place between the two companies, were instructed to stay very quiet about the two companies holding council.”