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Walter Pritchard of Citi Investment Research said in a client note that the transition to a subscription format will drive "a more consistent and ultimately higher baseline of revenue." The analyst increased Adobe's price target to $52 from $48 and kept a "Buy" rating. MacMillan maintained a "Hold" rating and raised Adobe's price target to $45 from $43.
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CNBC's Scott Wapner reports Apple introduced its Mac OS X 10.9, known as Mavericks.
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This marquee event for the video game sector, running from June 11 to 13, comes as the industry tries to cope with the rapid growth of online and mobile gaming and prepares for the launch of next-generation consoles from Microsoft Corp and Sony Corp. Here is a look at the industry and its major players.
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Apple is expected to reveal a digital radio service and changes to the software behind iPhones and iPads on Monday as the company opens its annual conference.
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Tom Forte, managing director at Telsey Advisory Group, discusses Apple ahead of the Developer's Conference in which the tech giant is expected to unveil new software but no hardware.
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Lincoln Chafee's office has investigated whether Rhode Island could refinance or reduce the debt it owes for its failed investment in Curt Schilling's video game company but remains convinced the state's best option is to pay up.
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Among the earnings stories for Friday, June 7, from AP Business News:. _ Shares of Rally Software Development Corp. jumped after it reported a smaller fiscal first-quarter loss than the market anticipated and issued a better-than-expected forecast.
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*Microsoft says Citadel Botnets stole $500 million. BOSTON, June 5- Microsoft Corp and the FBI, aided by authorities in more than 80 countries, have launched a major assault on one of the world's biggest cyber crime rings, believed to have stolen more than $500 million from bank accounts over the past 18 months.
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SAN FRANCISCO, June 5- Facebook, which once seemed poised to take over the Internet, is showing its limitations: a host of newer services are gaining ground among trend-setting youth; a much-hyped smartphone app has received a tepid response; and grand ambitions such as taking on Google in the search business seem ever more fanciful.
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*Dollar General slumps after outlook. NEW YORK, June 4- U.S. stocks ended lower on Tuesday, resuming their recent decline as investors sold growth-oriented sectors on speculation the Federal Reserve may slow the pace of its economic stimulus.
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SAN FRANCISCO, June 4- Salesforce.com Inc, the biggest maker of online sales software, will pay $2.5 billion for marketing software maker ExactTarget Inc in Chief Executive Marc Benioff's most significant bet to date on the social marketing business.
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*Salesforce.com to buy ExactTarget for $2.5 billion. "With no real catalysts to push us in one direction or another but with plenty of catalysts on the horizon I am not surprised to see markets trending sideways," said Art Hogan, managing director at Lazard Capital Markets in New York.
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*Salesforce.com to buy ExactTarget for $2.5 billion. "With no real catalysts to push us in one direction or another but with plenty of catalysts on the horizon I am not surprised to see markets trending sideways," said Art Hogan, managing director at Lazard Capital Markets in New York.
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*Salesforce to slow M&A pace after ExactTarget purchase. June 4- Salesforce.com Inc, the biggest maker of online sales management tools, said it would pay $2.5 billion for marketing software maker ExactTarget, which helps companies reach customers on social networks through mobile devices.
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*Dow has ended higher for the past 20 Tuesdays. *U.S. trade deficit widens less than expected in April. NEW YORK, June 4- Wall Street was set for a slightly higher open, putting the Dow on track for another strong Tuesday, while data showed the U.S. trade deficit widened in April.
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LONDON, June 4- Some call it neurological diversity, others see it as autism's fight back. A week later, U.S. home financing firm Freddie Mac advertised a second round of paid internships aimed specifically at autistic students or new graduates.
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Well, that didn't take long. The first porn app has officially launched on Google Glass.
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Cybercriminals aren't the only ones cashing in on espionage and hacking attacks; security companies small as well as large are poised to rake in profits.
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Billionaire Vivek Ranadive, founder & CEO of TIBCO Software, explains how his company can help others process huge amounts of data, and discusses his purchase of the NBA's Sacramento Kings.
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FRANKFURT, May 29- German companies including BMW and BASF are recruiting small numbers of unemployed young Spaniards against a backdrop of chronic youth unemployment in southern Europe and a growing shortage of skilled labour in Germany.
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Yet lobbying groups still claim we've got a shortage of computer programmers.
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