October 3, 2013 |
Adobe announced Thursday that it was the victim of a hack and that personal data for 2.9 million users were stolen. The software company, known for Photoshop and other programs, said cyber attackers were able to access user information, including account IDs, encrypted passwords as well as credit and debit card numbers. The hackers were able to erase data of some Adobe users. The hackers also illegally accessed source code for numerous Adobe products. That's like stealing the secret formula for Coca-Cola.
May 7, 2013 |
Adobe is altering the way it does business, announcing this week that it will no longer make and sell a boxed version of its Creative Suite software and will instead charge users a monthly subscription to use its cloud-based version. Although it will continue to sell boxed Creative Suite 6 products, Adobe said that going forward, it will focus on its Creative Cloud service. That means new versions of its software will be available only to users who pay for the monthly subscription service.
CALIFORNIA | LOCAL
April 1, 2012 |
This storied adobe mansion outside Los Angeles was once a getaway for California's last governor under Mexican rule, a landowner so wealthy he called the nearly 9,000 acres of land around it his "ranchito. " Now, state budget cuts have reduced supporters of Pio Pico State Historic Park to begging for recyclables to cash in to keep the gates to the 1850s landmark from closing. As California moves to close dozens of state parks by July 1 to save money, those fighting to prevent the closures are growing increasingly desperate.
March 13, 2011 |
Question: What's the outlook for my shares of Adobe Systems Inc.? They have disappointed. Answer: Coming off a lackluster 2010, this pioneering software maker famous for its Flash, Photoshop, Illustrator and Acrobat products should have a better 2011. Online video is a booming business, aided by the surging popularity of mobile computing and increasingly sophisticated website content. An improving economy should provide an added boost. With sales of $3.8 billion in the year that ended Nov. 30, Adobe isn't nearly as enormous as some of its rivals, but it is dominant and profitable in its niche, with plenty of cash and modest debt.
September 28, 2010 |
In one of the first frontal assaults on Apple Inc.'s increasingly popular iPad tablet computer, smart-phone titan Research in Motion Ltd. on Monday announced a pad of its own. The 7-inch device, called the PlayBook, will be released in early 2011 — and it will go places the current iPad doesn't. The PlayBook's two built-in cameras will allow for video chat (the iPad is camera-less), and the device will permit Adobe Flash programs, which make up a huge percentage of online video and games.
September 25, 2010 |
The Justice Department has reached an agreement with six major Silicon Valley companies to settle charges they colluded to keep a lid on wages by agreeing not to poach employees from one another. The proposed settlement, filed in the U.S. District Court for the District of Columbia, bars Google Inc., Apple Inc., Intel Corp., Adobe Systems Inc., Intuit Inc. and Walt Disney Co.'s Pixar Animation Studios from pledging not to "cold call" one another's employees as part of partnership agreements.