Gay people have enormous disposable income. |
I just think it is going to be harder for them to get a significant share of the hard-core creative market. |
I'm a little bit surprised. Perhaps some people were expecting them to raise their guidance or come in at the high end. |
Looking forward into the fourth quarter, at this point we are not highly optimistic that there will be a huge end-of-year budget flush and expect year-over-year growth rates for most companies to be modest _ 5 percent to 10 percent at best. |
On the margins, Adobe might lose some customers depending how Microsoft's pricing strategy. But Adobe and Macromedia benefit from being the industry standards. |
Overall, the macro-environment was somewhat challenging for software vendors in the third quarter, but we are expecting to see in-line quarters from most of the companies. |
The challenge for this company is investors have been trained for them to beat numbers and raise guidance, which they didn't do this quarter. |