Adobe Management Changes
November 13, 2007
Adobe’s CEO Bruce Chizen steps down, and the market is reacting. But Adobe also said Monday that “fourth-quarter sales would be near the top end of its guidance of $860 million to $890 million.”
Oh, for the record, I don’t own any stock or have any other financial interest in Adobe. As a rule, I avoid investing in companies that I cover or might do business with—partly to avoid a conflict of interest but also because I am terrible at picking tech stocks. They either go bust, or I sell them at a small loss or profit the second before they take off like a rocket.
Posted by Bill Trippe at November 13, 2007 12:37 PM
