Apple Inc (AAPL)

[Tex]

re ADBE

Were AAPL to boy ADBE, what would Apple expect to get? I don't know enough about ADBE to know what revenues, profits, etc.

Just looking at Yahoo's info, it seems ADBE's got a higher P/E than AAPL at current prices. Assuming AAPL paid some kind of premium to get the shares, would this be a particularly good deal?

Well, better than idle cash maybe :P

I don't sense AAPL wants to be without its idle cash. I think Jobs has had too much experience living with cash burn not to want an absurd, way-too-big pile if he can.

I'm actually more intrigued by the idea of a medical data system provider. Apple could get an installed base with support contracts, an enterprise market into which to sell, and a software product in a rapidly-growing market with high-end storage demands (Medical records and their associated images might be a good lever for XRAID, XServe, etc.). Buying ADBE gets an installed base and a shot at upgrade revenue, sure, but is the synergy as good for Apple's whole line?

Take care,
--Tex.