Adobe Shares Continue Recent Run

While all eyes are focused on Dow 11,000, Adobe(ADBE Quote) is quietly staging its own end-of-the-year rally.

Since early September, shares of the digital-imaging powerhouse have appreciated by 38%, including a nearly 5% gain Tuesday to $36.97.

The latest stock rise comes on the heels of Monday's announcement that Adobe completed its $3.4 billion acquisition of Macromedia, announced in early April. Macromedia shares will be converted into the right to receive 1.38 shares of Adobe common stock. ...