Adobe's (ADBE) Brand New Creative Suite Already Pirated
Tweet
Share
E-mailGet Alerts ADBE Hot Sheet
Join SI Premium – FREE
Adobe Systems Inc. (Nasdaq: ADBE) shares are lower on the session after reporting second-quarter 2013 results on Wednesday. But, it might not be results driving today's session.
Several sources have indicated that its new, subscription-only Photoshop CC and other Creative Suite applications have been pirated. After debuting just one day ago.
By comparison, Microsoft's (Nasdaq: MSFT) Office 365, which offers a subscription-only model as well as full version, hasn't been pirated yet.
Those using the pirated version say that it works just fine, according to CNET. Whether or not Adobe's Creative Suite will still work the same in a month is questionable.
Of course, those using the pirated software will be individuals; corporations wouldn't risk the repercussions of using pirated software for business purposes. That means Adobe is likely to still see upside as more and more adopt to the new subscription model.
Shares are down 1.9 percent Thursday.
Several sources have indicated that its new, subscription-only Photoshop CC and other Creative Suite applications have been pirated. After debuting just one day ago.
By comparison, Microsoft's (Nasdaq: MSFT) Office 365, which offers a subscription-only model as well as full version, hasn't been pirated yet.
Those using the pirated version say that it works just fine, according to CNET. Whether or not Adobe's Creative Suite will still work the same in a month is questionable.
Of course, those using the pirated software will be individuals; corporations wouldn't risk the repercussions of using pirated software for business purposes. That means Adobe is likely to still see upside as more and more adopt to the new subscription model.
Shares are down 1.9 percent Thursday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Phillip Securities Downgrades Adobe (ADBE) to Neutral
- 6 gold stocks to own in improving risk-reward environment
- 3 analog stocks to buy amid accelerating demand: UBS
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
