Feeds

Quark abandons Adobe bid

Warnock optimistic as Quark credibility gap saves his skin

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Quark has dropped its bid for Adobe, following general scepticism and widespread user hostility. But the bid was never very credible -- Quark is a quarter of Adobe's size and did not suggest a price other than a premium over the market valuation (implying at least $2 billion would be needed). Nor did Quark sign up a financial organisation to give credibility as to how the money might be raised. It is likely that Quark expected Adobe's share price to drop substantially, making an acquisition more possible, but Adobe's share price has marginally increased since the bid was made. It also became clear at the Seybold conference last month that Adobe users did not welcome a merger. Quark's move was generally believed to reflect its concern over Adobe's forthcoming K2 product, which is designed to compete in the same market as QuarkXpress. John Warnock, Adobe CEO, speaking after his keynote presentation to the SPA meeting yesterday, admitted that Adobe had been slow in downsizing when it found the Japanese market shrinking. He said that Adobe had too many managers, so the focus of staff reductions was to eliminate many of these positions. Referring to the Quark bid, Warnock said that Adobe had received from Quark only the three letters posted on Quark's Web site. Warnock expected Adobe to return to 15 per cent revenue growth, and 25 per cent pre-tax profits, from the next quarter. On the product front, Warnock said in his SPA speech that there was a need for a combined authoring system for paper and the Web. Adobe would be considering technology acquisitions to develop such a product. Yesterday, Adobe announced the beta of ImageStyler for building graphical Web sites for small businesses. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?