Adobe Systems, maker of the popular Photoshop editing software, today reported stronger than expected first-quarter sales and earnings. For the quarter ended February 28, the company earned US$54.2 million, or 23 cents per share, on sales of $296.9 million. In the same period last year, it earned $49.8 million, or 20 cents per share, on sales of $267.9 million. Excluding investment losses, Adobe’s pro forma profit was 25 cents a share.
Read MoreThe Mozilla Organization has posted Mozilla 1.3, the latest release of the popular open-source Web browser. Version 1.3 brings junk-mail filtering, image auto-sizing, an API for rich text editing in Web pages, newsgroup filters, dynamic profile switching, nearly 2000 bug fixes, and more. See the release notes for the complete list of changes.
Read MoreFlat-panel monitors are expected to surpass traditional cathode ray tube (CRT) monitors in revenue this year, according to research firm IDC. “The emergence of low-cost LCD monitors is driving serious change in the worldwide PC monitor market… LCD revenues will swell to more than $20 billion in 2003, surpassing traditional CRT monitors for the first time ever. The strong shift toward LCD displays helped the worldwide PC monitor market squeeze out 0.7% growth from 2001 to 2002…
Read MoreThe iPodlounge notes that the Apple Store has lowered the price of its custom laser engraving for the iPod to US$19. The new price reflects a reduction of more than 50% off the original price of $49. The move follows a similar price cut at the Apple Store UK earlier this week.
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