ADBE Preview: Abandon All Hope?

On the call, analysts may still hearken back to the attractive long-term story. Video on the Web is in the center of the action now, and Adobe's tools for video editing and Web video (intelligently acquired through Macromedia a couple years ago) put the company in an enviable position. Adobe AIR technology may also play a meaningful role, as it extends Adobe's graphics tools into a central role in creating rich graphical internet applications. AIR may be to Adobe's future now what Acrobat was when it was first introduced in the early 1990s.

The call starts at 5:00 p.m. EST.

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Know What You Own: Adobe operates in the application software industry, and some of the other stocks in its field include Microsoft (MSFT - commentary - Cramer's Take), Oracle (OECL - commentary - Cramer's Take), SAP (SAP - commentary - Cramer's Take), CA Incorporated (CA - commentary - Cramer's Take), Intuit (INTU - commentary - Cramer's Take) and BMC Software (BMC - commentary - Cramer's Take). For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.

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At the time of publication, Dvorchak was long Adobe Systems, although positions can change at any time.

Gary Dvorchak is a managing partner of Aviance Capital Management, a Sarasota, Fla.-based institutional asset manager that manages $200 million in growth and value equities and fixed income. Dvorchak holds a master's degree in business administration from Northwestern University and a bachelor's degree in computer science from the University of Iowa.