SAP co-CEO Henning Kagermann allegedly held strong concerns at one point about the legal implications of buying TomorrowNow, the now-shuttered SAP subsidiary tied to a lawsuit filed by rival vendor Oracle.
The proposed acquisition of Macromedia by Adobe is not a done deal. Both companies are under the scrutiny of the SEC, and it must also be approved by stockholders.
While Macromedia/Adobe gives this process three to nine months, some industry analysts feel that is being overly optimistic.
But assuming that all is goes as planned, Macromedia will cease to exist. Everything will be in the Adobe name and with the Adobe interface.
WASHINGTON (Reuters) - U.S. employers axed payrolls by 533,000 jobs in November, the most in 34 years and far more than expected, government data on Friday showed, as the year-old recession hammered every corner of the U.S. economy.
