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[Komando Robot]

((( ADBE ))) ""I don't think there is an acquisition by any means," said Trip Chowdry of Global Equities Research, calling it "wishful thinking" on the part of investors.

Instead, he thinks the meeting centered around Flash and Silverlight.

"Adobe is insisting Microsoft abandon Silverlight and get on the Flash bandwagon," he said. "Then together they can challenge Apple."

It's also not clear how an acquisition would benefit Microsoft's mobile business. The first smart phones running Microsoft's Windows Phone 7 operating system, which are set to launch Monday, won't have Flash."