March 29, 2003
* Adelphia Communications Corp. can move to Denver from Coudersport, Pa., a bankruptcy judge said, turning aside objections by founder John Rigas and a shareholders' panel. * Salon Media Group Inc. said it raised $800,000, enough to keep the company out of the dot-com graveyard. Investment banker Bill Hambrecht and Adobe Systems Inc. founder John Warnock provided the financial reprieve.
March 16, 1994 |
Software Firms Agree to Merge: Adobe Systems Inc. and Aldus Corp., the country's two leading desktop publishing software companies, announced an agreement to merge in a stock swap valued at about $525 million. The deal is subject to numerous conditions, including approval by regulators and shareholders. The two companies dominate the market for personal computer programs that let people create documents, such as newsletters.
December 17, 1999 |
Adobe Systems Inc., which makes software to design publications and Web pages, said fourth-quarter earnings rose 94% on sales of new products and investment gains. The San Jose-based company also said its president, Chuck Geschke, a Silicon Valley veteran who helped found the company in 1982 with Chief Executive John Warnock, would retire as of March. Warnock will be the new president and the two will continue to share the chairman's job. Adobe's net income rose to $97.
October 16, 1998 |
Adobe Systems Inc. said its fiscal fourth-quarter earnings may exceed estimates as the new version of its Illustrator software boosted sales. Adobe, the top maker of desktop graphics software, makes the PageMaker, Illustrator and PhotoShop programs. It said earnings may be 60 cents to 65 cents a share and that revenue will be $240 million to $245 million. Adobe was expected to earn 56 cents, the average estimate of analysts polled by First Call Corp.
August 26, 1998 |
Publishing and graphic software company Quark Inc. said Tuesday that it had offered to acquire Adobe Systems Inc. at a premium to its rival's current stock price but had been turned down. Quark, a closely held company that makes publishing and desktop design software, said it was interested in acquiring all or a significant portion of Adobe's common stock. The Denver-based maker of QuarkXPress software said it was making the offer public after being rebuffed last week.
January 16, 2004 |
Salon Media Group Inc. said Thursday that it received an $800,000 infusion and would collaborate with Rolling Stone magazine on a series of investigative stories about the 2004 presidential election. Adobe Systems Inc. founder John Warnock, a Salon board member and longtime funder of the online magazine, contributed $600,000 in the latest round. Rolling Stone magazine founder Jann Wenner's Wenner Media contributed $200,000, said David Talbot, Salon's founder, chief executive and editor in chief.