The Adobe Macromedia deal may prove good fortune for the merged company, Adobe, analysts say.
Piper Jaffray last night reiterated its "outperform" assessment on the company's stock, offering a $37 target price.
Analysts there expressed optimism that the post-merger Adobe would benefit from strong sales of new Macromedia products, which should account for 10-15 per cent of Adobe revenues. They predict the merger will close in October.
They also expect a software bundle consisting of major products from bith companies will debut in the first half of 2006, Forbes reports.