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wstera2

07/31/02 5:09 PM

#10259 RE: DlphcOracl #10258

16:33 ET Adobe Systems warns for Q3 (ADBE) 23.96 -0.98: -- Update -- Announces it is reducing its third quarter revenue target range to $270 to $290 million from its previously stated target range of $300 to $320 million. Third quarter pro forma earnings per share are now targeted at $0.18 to $0.23, down from the original target of $0.24 to $0.27 -- current consensus estimates are for earnings of $0.25 per share on revenues of $309.4 million.