Adobe Systems Inc. was founded in 1982 by research John Warnock and Charles Geschke. Less than two decades later, with annual sales exceeding $1 billion, Adobe held the third-place spot among the largest PC software companies in the United States. The firm emerged in the mid-1980s as a major force in desktop publishing and in the late-1990s as a leader in Web authoring tools and other Internet pub…
Adobe wanted to secure a desktop publishing application for its PostScript printing language. In 1994, it approached Aldus Corp., maker of PageMaker, the leading desktop publishing program for both Macintosh and Windows operating systems. A $450 million merger completed later that year secured Adobe's position as a leading PC software manufacturer among giants like Microsoft, Novell, and L…
Depending on its recent acquisition of Web tools manufacturer Ceneca Communications to prove fruitful, Adobe shifted focus in 1996 to Internet publishing and converted the popular PDF into a Web format. Sales neared the $1 billion mark in 1997. Recession-ary economic conditions in Japan undercut earnings in 1998, spurring Adobe to lay off roughly 10 percent of its management staff and place more o…
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