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Friday, May 2, 2008

Apple (AAPL) to buy Adobe (ADBE)?

Cringely's piece this week talks about Apple acquiring Adobe for $55.

Jobs has said Adobe flash is too shoddy to put on iPhones but he'd want to buy the company? Cringely seems to think that's posturing so he can buy flash and lock-up the internet video delivery software market. He (Cringely) has had a decent success rate picking takeovers in the technology space. Apple has 19 billion dollars sitting in the bank, not beating inflation.


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