Key Developments: Adobe Systems Inc (ADBE.O)

ADBE.O on Nasdaq

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19 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Adobe Systems Inc Says Customer Data, Source Code Accessed In Cyber Attack-Reuters
Thursday, 3 Oct 2013 05:22pm EDT 

Reuters reported that Adobe Systems Inc said on October 4, 2013 it was the victim of sophisticated cyber attacks on its networks by hackers who accessed data belonging to millions of customers along with the source code to some of its software titles. Chief Security Officer Brad Arkin said in a statement that the Company believes the attackers accessed Adobe customer IDs and encrypted passwords and removed data relating to 2.9 million Adobe customers. That information includes customer names, encrypted payment card numbers, expiration dates and information relating to orders. He said they also accessed the source code for several Adobe software titles including Acrobat, ColdFusion and ColdFusion Builder.  Full Article

Adobe Systems Inc Issues Q4 2013 Guidance Below Analysts' Estimates-Conference Call
Tuesday, 17 Sep 2013 04:00pm EDT 

Adobe Systems Inc announced that for the fourth quarter of 2013, the Company targeting a revenue range of $1 billion to $1.050 billion, GAAP earnings per share (EPS) range of $0.09 to $0.15 per share, and non-GAAP EPS range of $0.28 to $0.34. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $1.082 billion and EPS of $0.41 for the fourth quarter of 2013.  Full Article

Adobe Systems Inc Completes Acquisition Of Neolane
Tuesday, 23 Jul 2013 12:01am EDT 

Adobe Systems Inc announced the completion of acquisition of privately held Neolane. Neolane integrates online and offline marketing data from across an enterprise - performing robust audience segmentation and delivering marketing messages across channels. Financial terms of the transaction were not disclosed.  Full Article

Adobe Systems Inc To Buy Digital Marketing Software Company Neolane For $600 Million-The Economic Times
Thursday, 27 Jun 2013 05:30pm EDT 

The Economic Times reported that Adobe Systems Inc has agreed to acquire privately held Neolane, which operates a software platform for managing digital marketing campaigns over multiple platforms, for $600 million in cash. Adobe said the acquisition, expected to close next month. Neolane CEO Stephane Dehoche will continue to lead the former Neolane team as part of Adobe's digital marketing business.  Full Article

Adobe Systems Inc Issues FY 2013 Guidance; Raises FY 2013 EPS Guidance; Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Monday, 17 Jun 2013 05:00pm EDT 

Adobe Systems Inc announced that for fiscal 2013, it expects revenue to be $4.1 billion and it is increaseing GAAP earnings per share (EPS) of approximately $0.62 per share, and non-GAAP EPS of approximately $1.45. For the third quarter of 2013, it expects revenues to be between $975 million to $1.025 billion and GAAP earnings per share range of $0.10 to $0.16 per share, and non-GAAP earnings per share range of $0.29 to $0.35. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $1.01 billion and EPS of $0.34 for the third quarter of 2013; revenues of $4.1 billion and EPS of $1.44 for fiscal 2013.  Full Article

Adobe Systems Inc And Sapient Corp Expand Global Partnership
Wednesday, 24 Apr 2013 12:20am EDT 

Adobe Systems Inc and SapientNitro, part of Sapient Corp announced an expansion of their global partnership, including integration of the Sapient EngagedNowSM platform with Adobe Marketing Cloud. This integrated offering provides a solution for creating, delivering and optimizing consumer experiences across Web, social, mobile, and digital displays.  Full Article

Apple Inc, Google Inc Won't Face Poaching Class Action Suit, Yet And Defendants Includes Adobe Systems Inc, Intel Corp, Intuit Inc, And Walt Disney Co's Lucasfilm Ltd-Reuters
Friday, 5 Apr 2013 02:40pm EDT 

Reuters reported that a U.S. judge ruled that a lawsuit alleging a broad conspiracy among Silicon Valley companies not to poach each other's employees cannot proceed as a class action for now, but left the door open for workers to eventually sue as a group. In a decision released on Friday, U.S. District Judge Lucy Koh in San Jose, California said the five software engineers suing Apple Inc, Google Inc and five other companies have yet to show enough in common among the proposed class members to allow them to sue together. But in deciding to give the plaintiffs another chance, the federal judge said she was 'keenly aware' new evidence had recently become available that could support class certification. She also said the nature of the 'alleged overarching conspiracy' and desire to litigate it all at once weighed 'heavily' in favor of certifying a class, which the plaintiffs' lawyers have said could include tens of thousands of people. If the plaintiffs win class certification, then they would have more leverage to extract large financial settlements than if they were to sue individually. Other defendants in the case include Adobe Systems Inc, Intel Corp, Intuit Inc, and Walt Disney Co's Lucasfilm Ltd and Pixar units. The defendants were accused of violating the Sherman Act and Clayton Act antitrust laws by conspiring to eliminate competition for labor, depriving workers of job mobility and hundreds of millions of dollars of compensation.  Full Article

Australia Lawmakers Summon Tech Companies Apple Inc, Microsoft Corp And Adobe Systems Inc-DJ
Monday, 11 Feb 2013 04:57am EST 

Dow Jones reported that Australian lawmakers have summoned global technology companies Apple Inc, Microsoft Corp and Adobe Systems Inc to appear before a parliamentary committee investigating the cost of information technology software in the country. The move to force executives to attend the hearing comes as the Australian dollar remains above parity against the greenback. This should make imports cheaper, but consumer advocacy groups and lawmakers say it isn't reflected in prices paid for software products in Australia. The Committee is looking at the impacts of prices charged to Australian consumers for IT products, Australian consumers often pay much higher prices for hardware and software than people in other countries. The IT executives will meet with the committee on March 22 in the Australian capital, Canberra. The inquiry into software prices began in the middle of 2012, but so far no executives from the biggest companies have appeared. International companies operating in Australia routinely blame high production costs and salaries for eroding margins and forcing prices higher.  Full Article

Adobe Systems Inc Acquires Behance
Thursday, 20 Dec 2012 04:01pm EST 

Adobe Systems Inc announced that it has acquired privately held Behance, a online social media platform that enables creatives to showcase and share their work. Financial terms were not disclosed.  Full Article

Adobe Systems Inc Issues Q1 2013 Guidance Below Analysts' Estimates; Issues FY 2013 EPS Guidance Below Analysts' Estimates-Conference Call
Thursday, 13 Dec 2012 05:00am EST 

Adobe Systems Inc announced that for the first quarter of fiscal 2013, it is targeting a revenue range of $950 million to $1 billion, GAAP earnings per share is expected to be in the range of $0.08 to $0.14 per share, and non-GAAP earnings-per-share range of $0.26 to $0.32. For fiscal 2013, it expect earnings per share to be approximately $0.62 on a GAAP basis, and $1.40 on a non-GAAP basis. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $1.07 billion and EPS of $0.56 for the first quarter of 2013; EPS of $1.50 for fiscal 2013.  Full Article

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In tech hiring case, a new player at the table

SAN FRANCISCO - It's not often that a judge decides to blow up a settlement worth hundreds of millions of dollars because it is too low, but San Francisco attorney Daniel Girard convinced one Silicon Valley jurist to do exactly that.

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