Macromedia: Mit Topprodukten an die Weltspitze - 500 Beiträge pro Seite

[Elixier]

Schaut euch doch mal das Produkt
macromedia.com

die Bewertung
investing.lycos.com

und den chart
comdirect.de

an. Danach wißt ihr mehr.

Elixier

[willo]

Sehe ich genauso. Habe Macr schon vor 5 Monaten hier empfohlen. Der Kurs war damals bei 37$.
Ebenso Adobe zum Kurs von 32, jetzt 68.
Beide Firmen haben praktisch ein Monopol im Internet. MACR bei Animationen(empfehle mal die Seite: http://www.thewax.com/currents/fishtank_02/
:-) anzuschauen.
ADBE bei "Textabruf".
MACR hat übrigens vor einer Woche eine E-Commerce-Firma namens Andromedia gekauft.Außerdem wollen sie shockrave.com an die Börse bringen.
Manchmal ist es an der Börse ganz einfach: schauen was man selbst öfters mal benutzt bzw. was sich langsam ausbreitet einfach kaufen.

[kazman]

sehe ich genauso

Macromedia (bin vor 3 Monataen rein) ist ein solider Wachstumswert.

Die wachsende Anzahl der Internetuser wirdden Wert langfristig nach oben treiben

Gruß,
KAZMAN

[Elixier]

Hi Leute,
es gibt News:

SAN FRANCISCO, Jan. 6 / Macromedia, Inc. (Nasdaq: MACR - news)
today announced it was ranked 19th among the Top 25 most visited Web properties in November by Nielsen//NetRatings. The Internet measurement service from Nielsen Media Research and NetRatings, Inc., also found a 25 percent increase in unique visitors to the Macromedia Web sites since October. The ratings combine traffic statistics for both Macromedia and shockwave.com, the Internet entertainment destination spin-off from Macromedia. Macromedia produces software for the Web content lifecycle to enable more successful e-business.

Auf deutsch: 25% mehr Traffic von Oktober bis November `99.

Meine Meinung:
Die langfristige Entwicklung geht dahin, daß sich die Macromedia Produkte Shockwave und Dreamwaver, ähnlich dem RealPlayer bei Musik, als Standard-Grafikkompressionsprodukte durchsetzen und Macromedia dann als Lizenzgeber richtig Geld verdient.

Elixier

[blech]

Dreamweaver ist kein Grafikkompressionsprodukt, sondern ein WYSIWYG Editor zum Erstellung von Internet-Sites.

Fireworks ist schon ein Grafikprogramm, aber Macromedia verdient da nur mit dem Vertrieb vom Programm und am Service.

Etwas anderes ist es allerdings mit Flash und Schockwave welche beide Standards setzen und wo es, meines Wissens fast keine Konkurrenz für Macromedia gibt.

Ein weiteres interessantes Produkt, da mit recht wenig Konkurrenz, ist Drumbeat zur Erstellung von ASP, JSP und E-Commerce Sites.

Macromedia ist allerdings ein gutes Internet-Play, nicht so volatil aber ein sicherer Gewinner.

[Stockmanager]

One year after:

Beste Einstiegschancen vor dem grossen Turnaround!

Macromedia letzte Woche auf Jahrestiefststand und: Fälschlicherweise verflucht...
Jetzt gehts richtig hoch!

http://www.redherring.com/investor/2001/0122/inv-focb012201.…

[BigBlender]

Hi all,

hier ein Update und Analyse basierend auf den FY3Q01-Zahlen und einer Analyse des Macromedia/Allaire-Mergers.

1/24/01 Closing Price: $ 33 13/16
52 Week Price Range: $ 120 7/8- $29
Price Target: $ 85
FYE: (Mar.) 2000A 2001E 2002E
Revs. (mm) $264 $402 $627
EPS:ab $0.56 $1.16 $1.70
1Q 2Q 3Q 4Q
Quarterly EPS ab June Sept Dec March
2000A $0.07 $0.11 $0.15 $0.22
2001E $0.26A $0.26A $0.29A $0.35
2002E $0.31 $0.39 $0.46 $0.54
a Quarterly figures may not sum to total due to rounding.
b Estimates include results of Allaire beginning in FY1Q02.
Shares Outstanding (mm): 56.46
Float (mm): 42.80
Market Cap. (mm): $1,909
Price/Earnings 2000A: 60x
Price/Earnings 2001E: 29x
Price/Earnings 2002E: 20x
Long-term EPS growth rate: 50%
Company Description: Macromedia develops, markets and supports
software and services for Web site authoring and Web learning.
Additionally, the company’s minority-owned subsidiary, shockwave.com,
designs, develops and markets aggregated content, products and
services to provide and expand online entertainment. The company
sells its products through a network of distributors, value-added resellers
(VARs), its own sales force and Web site, and to original equipment
manufacturers (OEMs) in North America, Europe, Asia Pacific and Latin
America. In addition, Macromedia derives revenues from advertising on
its Web sites, and from software maintenance and technology licensing
agreements.


Investment Conclusion
We are reiterating our Strong Buy rating on
Macromedia. After the close of the market on January 16,
Macromedia announced their intention to merge with
Allaire Corporation. In conjunction with the merger
announcement, both Macromedia and Allaire reported
their financial results for the quarter ending December 31,
2000.
Based on concerns regarding the merger with Allaire as
well as a significant reduction in expected top line growth,
Macromedia shares came under severe pressure falling
31% the day after the announcements were made.
However, we believe that the fundamental picture for the
Company, tempered by a slower overall economic
environment, is still quite sound. We strongly suggest
investors begin to view Macromedia as an earnings
story. Based on what we consider conservative
estimates, we expect Macromedia to post CY01 EPS
of $1.51, an increase of 47% over CY00. Based on last
night’s closing price of 34 5/8, Macromedia is trading
at a PE ratio of 23X estimated CY01 EPS. We would
point out that the S&P 500 is currently priced at 22X
estimated 2001 earnings based on a growth rate of 9%.
For their FY3Q01, Macromedia reported revenue of $103
million, an increase of 61% year over year and 1%
sequentially. We had estimated revenue of $107 million.
EPS came in at $0.29, $0.02 higher than our estimate of
$0.27. Macromedia also announced that the Company
would acquire Allaire for $360 million in a combination
stock and cash deal. The Company expects the
acquisition to close in CY2Q01.
= We have made significant changes to our model to reflect the
impact of the Allaire acquisition, the closing of the shockwave.com
and AtomFilms merger and the slowing of the overall economy.
= The merger will combine Macromedia’s front-end Web authoring
product line with Allaire’s server-side application development
products.
= Robert Burgess, Macromedia Chairman and CEO, will maintain
his position with the combined company.


Macromedia and Allaire Join Forces
Merger Terms
= Macromedia will pay 0.2 shares of common stock and
$3 in cash for each share of Allaire common stock.
Based on Macromedia’s closing price of $44 on
January 16, 2001, the deal valued Allaire at $11.80
per share. ($44 x 0.2 = $8.80 + $3 = $11.80). Allaire
shares closed that day at $7.94. Total consideration
came to $360 million.
= On a valuation basis, net of cash (Allaire has $108.8
million in cash), the purchase price values Allaire at
2.1X trailing twelve-month revenues.
= Allaire shareholders will own 10.1% of the total
outstanding shares of Macromedia.
= Management expects the deal to be EPS accretive in
FY02 with $20 million in expense synergy savings.

Strategic Analysis
Macromedia’s focus has been on developing and
marketing software products used by Web developers to
author Web sites. These products are used to create the
‘front end’ of Web sites. Thus Dreamweaver, an HTML
editor used by 70% of professional Web developers, and
Flash, which is used to create animations and interactive
interfaces, have been the staple of Macromedia’s
success.
While Macromedia has made forays into ‘back-end’ server
products with offerings such as Generator, ARIA and
LikeMinds, their success in this area has been limited.
Allaire’s core competency is in developing software server
products that allow developers to create dynamic
applications for Web sites. Allaire’s flagship product,
ColdFusion, and JRun accounted for approximately 70%
of Allaire’s revenue in 2000.
Approximately 20% of Allaire’s revenue for 2000 was
generated by Spectra, a content management tool.
Macromedia plans to incorporate Spectra technology into
their content management strategy currently under
development with the code name ‘Whirlwind’.
The following table summarizes Allaire’s product offerings.

Product Description
ColdFusion Web application server
Spectra Content management tool
HomeSite HTML editor
JRun Java application server
Kawa Java application authoring tool
Source: Allaire Corporation
Management of the two companies believe that they will
be able to cross sell each others products to their
respective customer bases.
In addition, we believe there are a number of opportunities
to integrate the products of the two companies. Results of
previous collaborations between the companies include:
1) Allaire’s HomeSite is offered with Macromedia’s
Dreamweaver and UltraDev.
2) Support for Allaire’s ColdFusion Markup Language
(CFML) in Macromedia’s UltraDev.
3) Macromedia’s Generator uses Allaire’s JRun.
Our most significant concern regarding Macromedia’s
acquisition of Allaire is the effect this will have on
Macromedia’s relationship with competitors of Allaire’s in
the application server business such as Broadvision and
Vignette.
In the past, Macromedia has made a point of NOT
participating directly in the application server business but
rather to partner with leader’s in the space.
Management is aware of this issue and pointed out that
Allaire’s flagship product, ColdFusion, would be
repositioned such that Allaire’s CFML technology would
be maintained and that applications built with CFML will
run on top of application servers from other vendors.

Quarter Review
Income Statement
Revenue for the quarter came in at $103.3 million, an
increase of 61% over the year earlier period and 1%
sequentially. EPS came in at $0.29 versus our estimate of
$0.27.
Revenue was slightly lower than our expectations. We
had been modeling revenue of $107.3 million. We
attribute this to a combination of continued weakness at
shockwave.com and in the software server business. In
addition, we believe that the overall economic slowdown
kept the packaged software segment from making up for
the difference. We are, however, impressed that the
Company was able to generate sequential revenue growth
in a clearly difficult environment.
During the quarter, Macromedia shipped upgrades to
Dreamweaver, UltraDev and Fireworks.
Gross margin improved to 91%, up from 88% in the
previous quarter. Macromedia shifted a number of
personnel during the quarter with associated costs moving
from the COGS line to the sales and marketing line. Costs
related to these employees amounted to approximately
$2.5 million.
Operating expenses were in line with expectations at
$80.4 million although higher as a percentage of revenue.
Operating expenses were 78% of revenue compared to
our estimate of 75%.
Shockwave.com, results of which will be deconsolidated
beginning in CY1Q01, generated revenue of $4.3 million,
flat with the previous quarter. Net loss from
shockwave.com attributable to Macromedia was ($3.9)
million leading to EPS dilution of ($0.07).
Without the effects of shockwave.com, Macromedia
would have reported EPS of $0.36.
EBITDA for the quarter was $21 million.
Balance Sheet
Macromedia ended the quarter with cash and cash
equivalents of $208 million up $10.9 million from the end
of the previous quarter.
DSO were 44, up slightly from the 42 days reported for
CY3Q00.

Outlook and Changes to the Model
Our revised model takes into account effects from the
following events:
1) The combination of results of Macromedia and Allaire
beginning in CY2Q01.
2) The deconsolidation of shockwave.com results from
Macromedia’s operations beginning in CY1Q01.
3) A reduction in expected revenue growth due to the
overall economic slowdown.
Our new estimates including the effects listed above are
as follows:
Revenue and EPS for FY4Q01 ending March 2001 is
$101.5 million and $0.35 respectively. For FY02, we are
estimating revenue of $627 million, growth of 56% and
EPS of $1.70, an increase of 46% over FY01.
One of the main concerns regarding company guidance
was the implied reduction in top line growth. Based upon
Allaire’s previous guidance of $140 - $145 million for
CY01, we can extrapolate that Macromedia management
believes that their software business will grow in the low
20% range over the next year. While this is clearly
significantly below the 50%+ range we have come to
expect from Macromedia, our expectations should be
tempered given an economy with much lower growth
prospects over the next six to nine months.
We expect gross margin to decline slightly to the 87%-88%
level, down from the previous quarter of 91%. This is
due to a significant amount of service revenue generated
by Allaire.
Outlook
While we believe that Macromedia management has
made a strong strategic move by acquiring Allaire, we
believe investors will be wary of the significant reduction in
revenue growth implied by Company guidance. We would
have felt more comfortable had management discussed
expectations in a more detailed fashion rather then basing
forecasts simply on the combined operations of the two
companies.
We are maintaining our Strong Buy rating, however,
based on the belief that trends in the market place
continue to favor Macromedia despite the overall
weakness in the economy. We expect the Internet to
continue to grow in terms of increased number and
complexity of Web sites. The addition of other Internet-enabled
devices such as PDAs and cell phones will also
increase the need for authoring tools, such as
Dreamweaver and Flash, that have support across
numerous platforms.
The decline in Macromedia’s stock price following the
announcement of the merger presents long-term investors
with an exceptional opportunity to benefit from the leader
in Web authoring tools and Web application tools and
servers.
Valuation
We are reducing our twelve-month price target to $85
based on lower revenue growth expectations. Our
valuation is based on the following Discounted Cash Flow
model.

Quelle: www.sandsbros.com

gruss,
bigblender

[krnchen]

So tief waren die ungefähr vor 2 Jahren mal... Haben gute Produkte, die mittlerweile auch auf fast jedem Rechner laufen. Ich denke, Risiko ist bei an sich guter Firma recht klein, SL bei 28,50 E, ungefährer Tiefststand vor 24 Monaten ! Sicherlich eine Sünde wert.

[krnchen]

na also, geht doch.

[Daylightt]

Hallo, zusammen !!

Gestern sind bei MACR Fonds eingestiegen. Unter US$ 33 wurde alles aufgekauft.

Folgende News gab es gestern:

http://www.tradetrek.com/News/newstext.asp?item=037u2603&sym…

http://www.tradetrek.com/News/newstext.asp?item=037b6011&sym…

http://www.tradetrek.com/News/newstext.asp?item=037u4266&sym…

http://www.tradetrek.com/News/newstext.asp?item=037b6180&sym…

Wir dürfen auf den heutigen Tag gespannt sein.

cu

Daylightt

[grove]

Mal wieder gute Nachrichten am falschen Tag....

Man sollte nicht vergessen, dass es auch noch solche Aktien gibt:

Est EPS 3/2001: 1.265
MACR P/E: 29.98
Est P/E: 24.41
Est PEG: 0.73

Und jetzt zur heutigen News:


MACROMEDIA UNVEILS MACROMEDIA FLASH PLAYER FOR MICROSOFT WINDOWS-POWERED POCKET PC
Most Distributed Software In The History Of The Web Moves Beyond The Desktop
flashforward 2001 San Francisco — San Francisco, California —February 19, 2001—Macromedia, Inc. (NASDAQ: MACR) today announced the delivery of the Macromedia Flash Player for the Microsoft Windows-powered Pocket PC platform. This announcement is part of Macromedia`s continuing strategy to take the Macromedia Flash Player beyond the desktop, allowing distinctive Web applications, user interfaces, educational and entertainment content to be experienced on the next generation of the wireless Web.

Macromedia Flash content can already be experienced on a variety of Internet-enabled devices such as AOL TV, 3Com Audrey, Microsoft WebTV, MSN Web Companion, and the Sony eVilla. With more than 96 percent of desktop users immediately able to view Macromedia Flash content, the Macromedia Flash Player is the most distributed software in the history of the Web.

Today`s developer release of the Macromedia Flash Player for the Pocket PC Platform will enable developers to tune their content for these devices in advance of the full-featured version of the player, due later this year.

"Devices are emerging as a major force in the next generation of the Web, and Macromedia Flash is crucial for delivering a great user experience on everything from Pocket PC devices to Internet appliances," said Kevin Lynch, president of Macromedia products. "Support for the Pocket PC platform ensures the continued ubiquity of the Macromedia Flash standard and brings new opportunities for developers to expand their business into this new platform."

Macromedia Flash Player, the standard for viewing high-impact, rich media over all bandwidths, enables the delivery of a broad range of content including entertainment, learning, and business applications to the Microsoft Pocket PC platform, which includes the Compaq iPaq, Casio Cassiopeia, and Hewlett-Packard Jornada devices. Because of the inherent 16-bit color, built-in audio capabilities and up to 206 MHz processing power, devices running the Pocket PC platform provide users with the best Macromedia Flash experience available today on a PDA.

"Microsoft and Macromedia are both committed to the thriving device market and making sure that dominant Web technologies such as Macromedia Flash play a key role in this new space," said Phil Holden, director of marketing for Microsoft Corp. "There`s a great synergy in bringing the Macromedia Flash Player to the Pocket PC platform, as the hundreds of thousands of Macromedia Flash developers will know they have an extensive audience, and Pocket PC users will be able to experience some of the best Macromedia Flash content online."

Any of the more than 500,000 Macromedia Flash developers that exist today who are interested in developing content for these devices can download the free Macromedia Flash Authoring Kit for Pocket PC. The kit provides Macromedia Flash 5 authoring guidelines, documentation, and examples for the Pocket PC platform. The kit is available at http://www.macromedia.com/software/flashplayer/pocketpc/auth…

Because of the tremendous industry interest in Macromedia Flash Player for the Pocket PC Platform, there are already sample Macromedia Flash content and applications available today in a new online gallery at http://www.macromedia.com/software/flashplayer/pocketpc/gall… This gallery includes Macromedia Flash applications, games, and entertainment to view or download from content partners such as Atom Films, Fallon, FunMail, shockwave.com, Smashing Ideas, Sony Pictures Entertainment, Wildhand! and others.

The developer release of the Macromedia Flash Player for Pocket PC is available today as a free download from http://www.macromedia.com/software/flashplayer/pocketpc/down…

ABOUT MACROMEDIA
Macromedia is passionate about what the Web can be. Its award-winning products empower developers to provide the most engaging experiences on the Web, and enable more effective e-business. Headquartered in San Francisco, Macromedia (NASDAQ: MACR) has more than 1,200 employees worldwide and is available on the Internet at www.macromedia.com.

- - -

INDUSTRY SUPPORT FOR MACROMEDIA FLASH PLAYER FOR POCKET PC

AtomShockwave
"AtomShockwave recognizes the future in mobile entertainment, being a first to provide quality short form entertainment across these emerging platforms," said Adam Flick, vice president of new platforms at AtomShockwave. "Macromedia`s launch of Macromedia Flash on Microsoft`s PocketPC device is a significant milestone in empowering the consumer with interactive media beyond the desktop and allows AtomShockwave to extend its quality entertainment to an even broader, mainstream audience."

Casio
"Casio is excited about Macromedia Flash Player for Pocket PC," said Yozo Suzuki, managing director/senior general manager of Consumer Products Division, Casio Computer Co., Ltd. "Macromedia Flash makes multimedia content more readily accessible and is an essential new technology for the dawning Mobile Internet age. Its implementation on the Pocket PC platform promises to benefit both consumers and engineers alike, and should lead to further expansion of the Mobile Internet. Casio is pleased to be working with Macromedia."

Cisco Systems
"Macromedia Flash is the perfect tool for developing interactive content on Pocket PCs and other handheld devices, because you can build truly rich content without high bandwidth," said Jim Hatlo, web products project manager, Cisco Systems` Enterprise Line of Business. "Finally we are able to develop interactive, animated quick-reference content that can travel with our Cisco customers into the wiring closet when they`re doing installations. The value of this is tremendous."

Excite@Home
"Macromedia Flash allows us to speak the language of TV by blending compelling graphics and motion into the overall experience," said Kent Libbey, senior director, Broadband TV, Excite@Home.

Fallon Worldwide
"With Macromedia Flash and Generator, developers can create content and data-driven applications once and deploy on multiple platforms, browsers, screen sizes and now devices." Said Phillip M. Torrone, lead software engineer, Fallon Worldwide. "Macromedia Flash on devices open the door into the device arena for developers of all backgrounds who can easily deploy existing content to Macs, PCs, and Linux machines in Internet Explorer and Netscape without recreating the content."

Orange Design
"We now have the ability to use Macromedia Flash in ways we never thought possible, enabling Orange Design to grow into new markets," Fred Sharples, founder and president, Orange Design. "Macromedia keeps making the right decisions, letting developers focus on one product, while making sure our market grows."

QNX
"QNX customers are building the Macromedia Flash player into a growing number of Internet appliances -- everything from Web-enabled TVs and multimedia pay phones to the popular Audrey device from 3Com," said Linda Campbell, vice president of strategic alliances at QNX Software Systems. "Thanks to Macromedia`s vision of moving Flash to new platforms, Internet appliances powered by the QNX RTOS can deliver a multimedia experience previously found only on the desktop."

Smashing Ideas
"Smashing Ideas has made a business of pushing the creative and technological boundaries of the Web. Macromedia`s Flash technology has been the foundation that allows us to innovate," said Glenn Thomas, co-founder of Smashing Ideas. "As we create more and more content and applications for Web devices, Macromedia Flash allows us to seamlessly develop projects that will work across all platforms."

Sony Pictures
"With increasing sophistication we are able to bring a rich media experience to consumers on the widest array of devices," Tim Chambers, senior vice president, Advanced Platforms Group, Sony Pictures Digital Entertainment. "Firm in our belief in the freedom of entertainment, the availability of the Macromedia Flash Player for the Pocket PC enables us to deliver high quality content without compromise."

Gruss,
grove