Adobe CEO's Talk of Independence Dampens Microsoft Buyout Rumors -- or Does It?
Shares of Adobe were up in early morning trading Monday, though they have since come back down. Some investors may view Narayen's comments as a move to prompt Microsoft to consider a substantial premium to any bid it may offer -- rather than a brush off.
In the interview with the German publication, Narayen said (translated):
Narayen went on to note that the company frequently meets with major technology titans, including Microsoft. He added Adobe needs to ensure its applications run smoothly on the Windows operating system.We place great value on our independence.
The growth opportunities for Adobe in our opinion, are so huge that we focus on opportunities as an independent company to perceive it.
Nonetheless, the time appears right given the substantial lead Apple and Google are amassing with their mobile operating systems, neither of which embrace Adobe's flagship Flash or Microsoft's Silverlight. And with Microsoft's Windows Phone 7 operating system finally kicking off, now may be the best time to talk turkey with Adobe.