Adobe & Microsoft team up

Article Excerpt

ADOBE SYSTEMS INC. $108.39 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 497.2 million; Market cap: $53.9 billion; No dividends paid) is now joining with Microsoft (symbol MSFT on Nasdaq and a recommendation of our Wall Street Stock Forecaster newsletter) to integrate each other’s cloud computing products. Microsoft Azure will host Adobe’s business software tools, including Adobe Marketing Cloud, Adobe Document Cloud and Adobe Creative Cloud. Adobe Marketing Cloud in turn will host Microsoft’s Dynamics 365 business applications. The partnership will let the two companies market their cloud-based products to each other’s customers. The collaboration will also let their customers combine Microsoft’s database and customer-relationship software with Adobe’s creative marketing and design programs. Adobe is a hold. hold…