Adobe announced today that Josh James, chief executive of its acquisition Omniture, is leaving at the end of July. It's normal for CEOs to leave eventually when their companies are acquired, but the speed of the departure is a bit unusual — usually those CEOs are contracted to stay with the acquirer for a year or two as part of the deal. And Adobe only announced in September that it was acquiring the analytics company for $1.8 billion. 
Share:  <span class="company">Adobe</span> announced today that Josh James, chief executive of its acquisition Omniture, is leaving at the end of July. It's normal for CEOs to leave eventually when their companies are acquired, but the speed of the departure is a bit unusual — usually those CEOs are contracted to stay with the acquirer for a year or two as part of the deal. And <span class="company">Adobe</span> only announced in September that it was acquiring the analytics company for $1.8 billion. Tweet this   read full story

Avian Securities analyst Jeff Gaggin this morning raised his rating on Adobe Systems (ADBE) to Positive from Neutral, setting a price target of $35."We had been Neutral on ADBE for several months, believing much of the good news related to the CS5 upgrade cycle had been built into the stock," he writes. "Now, with the stock having declined significantly, despite last quarter's solid results and guidance, which arguably didn't show enough EPS upside, we think ADBE shares are meaningfully undervalued.". Gaggin thinks Adobe can grow 10% orgaincally over the next five years, "given the strong global demand for digital content creation software and ADBE's significant market leadership position.". 
Share:  Avian Securities analyst Jeff Gaggin this morning raised his rating on Adobe Systems (<span class="company">ADBE</span>) to Positive from Neutral, setting a price target of $35."We had been Neutral on <span class="company">ADBE</span> for several months, believing much of the good news related to the CS5 upgrade cycle had been built into the stock," he writes. "Now, with the stock having declined significantly, despite last quarter's solid results and guidance, which arguably didn't show enough EPS upside, we think <span class="company">ADBE</span> shares are meaningfully undervalued.". Gaggin thinks Adobe can grow 10% orgaincally over the next five years, "given the strong global demand for digital content creation software and <span class="company">ADBE</span>'s significant market leadership position.". Tweet this   read full story