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BUSINESS
June 11, 2005 | From Reuters
Software maker Macromedia Inc. said in a regulatory filing that it would restate six years of results, reducing earnings for fiscal years 2002 to 2004. For the fiscal year ended March 31, 2004, the restatements will cut reported earnings by 5 cents a share, cutting profit by about 8%. The company, which is being bought by Adobe Systems Inc., posted a profit of 60 cents a share in 2004.
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BUSINESS
June 11, 2005 | From Reuters
Software maker Macromedia Inc. said in a regulatory filing that it would restate six years of results, reducing earnings for fiscal years 2002 to 2004. For the fiscal year ended March 31, 2004, the restatements will cut reported earnings by 5 cents a share, cutting profit by about 8%. The company, which is being bought by Adobe Systems Inc., posted a profit of 60 cents a share in 2004.
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BUSINESS
December 13, 2001 | Bloomberg News
Macromedia Inc., a maker of Web-design software, said sales this quarter will miss forecasts and it will take longer than expected to turn a profit, as customers scale back spending. Macromedia shares fell as low as $20 in after-hours trading, after rising $1.71 to $27.17 in regular trading on Nasdaq. Macromedia, which didn't give a profit forecast, said it expects sales of $70 million to $75 million for its fiscal third quarter ending Dec. 31.
BUSINESS
April 19, 2005 | David Colker, Times Staff Writer
Adobe Systems Inc. on Monday announced that it planned to buy Macromedia Inc. in an all-stock deal valued at more than $3 billion. The deal would bring together a pair of California-based companies that are successful in different realms of the publishing software business -- and help both ward off anticipated challenges from Microsoft Corp.
BUSINESS
July 30, 2002 | Bloomberg News
Adobe Systems Inc. and rival Macromedia Inc. have agreed to settle patent lawsuits between the firms. Terms were not disclosed. A federal jury on May 10 ordered Adobe to pay Macromedia $4.91 million for patents covering computer graphics and sound-systems software. A separate jury on May 2 returned a $2.82-million verdict against Macromedia for infringing Adobe's patent to organize tools on a computer screen.
BUSINESS
November 9, 1999 | JOSEPH MENN, TIMES STAFF WRITER
Web software maker Macromedia Inc. said Monday it will invest $5 million for a 6% stake in Stan Lee Media. As part of the deal, Macromedia Chief Executive Rob Burgess will get a seat on the board of the Los Angeles company run by Stan Lee, the creator of Spider-Man. Macromedia's Shockwave unit will offer weekly episodes of Lee's new animated series on its Web site beginning in January, Burgess said. Macromedia had 4.22 million visitors to its site in September, according to Media Metrix.
BUSINESS
January 28, 2000 | GREG MILLER, TIMES STAFF WRITER
Shockwave.com, an online entertainment site owned by San Francisco-based Macromedia Inc., said it has signed an exclusive deal with Tim Burton in which the director and animator will develop a series of short cartoons for the fledgling Web site. Burton, the director of "Batman" and other films, joins a growing number of prominent Hollywood talents pursuing Internet ventures, and his deal comes at a time when entertainment sites are proliferating on the Web and competing for viewers' attention.
BUSINESS
April 10, 2001 | JON HEALEY, TIMES STAFF WRITER
Two high-tech powerhouses--Intel Corp. of Santa Clara, Calif., and Macromedia Inc. of San Francisco--are about to launch software that adds a third dimension to the flat world of the Web. The new versions of Macromedia's Director and Shockwave Player software are the latest in a long series of efforts to boost the use of 3-D technology. Those attempts haven't made much of an impact on the Web, however, as 3-D has largely been confined to games and virtual tours.
BUSINESS
April 19, 2005 | David Colker, Times Staff Writer
Adobe Systems Inc. on Monday announced that it planned to buy Macromedia Inc. in an all-stock deal valued at more than $3 billion. The deal would bring together a pair of California-based companies that are successful in different realms of the publishing software business -- and help both ward off anticipated challenges from Microsoft Corp.
BUSINESS
October 14, 2005
* Chevron Corp. said it restarted ahead of schedule normal operations at its Pascagoula, Miss., refinery, which was closed before Hurricane Katrina. * Adobe Systems Inc., the world's largest maker of graphic-design software, said its proposed $3.4-billion acquisition of Macromedia Inc. was approved by the Justice Department.
BUSINESS
July 30, 2002 | Bloomberg News
Adobe Systems Inc. and rival Macromedia Inc. have agreed to settle patent lawsuits between the firms. Terms were not disclosed. A federal jury on May 10 ordered Adobe to pay Macromedia $4.91 million for patents covering computer graphics and sound-systems software. A separate jury on May 2 returned a $2.82-million verdict against Macromedia for infringing Adobe's patent to organize tools on a computer screen.
BUSINESS
December 13, 2001 | Bloomberg News
Macromedia Inc., a maker of Web-design software, said sales this quarter will miss forecasts and it will take longer than expected to turn a profit, as customers scale back spending. Macromedia shares fell as low as $20 in after-hours trading, after rising $1.71 to $27.17 in regular trading on Nasdaq. Macromedia, which didn't give a profit forecast, said it expects sales of $70 million to $75 million for its fiscal third quarter ending Dec. 31.
BUSINESS
April 10, 2001 | JON HEALEY, TIMES STAFF WRITER
Two high-tech powerhouses--Intel Corp. of Santa Clara, Calif., and Macromedia Inc. of San Francisco--are about to launch software that adds a third dimension to the flat world of the Web. The new versions of Macromedia's Director and Shockwave Player software are the latest in a long series of efforts to boost the use of 3-D technology. Those attempts haven't made much of an impact on the Web, however, as 3-D has largely been confined to games and virtual tours.
BUSINESS
January 28, 2000 | GREG MILLER, TIMES STAFF WRITER
Shockwave.com, an online entertainment site owned by San Francisco-based Macromedia Inc., said it has signed an exclusive deal with Tim Burton in which the director and animator will develop a series of short cartoons for the fledgling Web site. Burton, the director of "Batman" and other films, joins a growing number of prominent Hollywood talents pursuing Internet ventures, and his deal comes at a time when entertainment sites are proliferating on the Web and competing for viewers' attention.
BUSINESS
November 9, 1999 | JOSEPH MENN, TIMES STAFF WRITER
Web software maker Macromedia Inc. said Monday it will invest $5 million for a 6% stake in Stan Lee Media. As part of the deal, Macromedia Chief Executive Rob Burgess will get a seat on the board of the Los Angeles company run by Stan Lee, the creator of Spider-Man. Macromedia's Shockwave unit will offer weekly episodes of Lee's new animated series on its Web site beginning in January, Burgess said. Macromedia had 4.22 million visitors to its site in September, according to Media Metrix.
NEWS
November 23, 1997 | Associated Press
Macromedia Inc., parent company of The Record of Hackensack, is purchasing the daily North Jersey Herald & News of Passaic and 11 weeklies in northern New Jersey from a subsidiary of Denver-based Media- News Inc. group. No sales price was disclosed. All the newspapers will continue to operate independently, although some administrative functions of the two dailies may be combined, said Jonathan Markey, president of The Record.
BUSINESS
March 24, 2006 | From the Associated Press
Software maker Adobe Systems Inc. said its first-quarter profit fell 31%, a drop it blamed largely on expenses stemming from its acquisition of Macromedia Inc. Net income for the quarter ended March 3 was $105.1 million, or 17 cents a share, down from $151.9 million, or 30 cents, in the same period last year. Revenue rose to $655.5 million, up 39% from $472.9 million. Adobe also offered a soft income outlook and a revenue target for the current quarter that was below Wall Street estimates.
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