Trip Chowdhry, an analyst with Global Equities Research, said the planned acquisition would allow Adobe to create new streams of revenue even as its existing businesses declined.
Though he called the deal “timely,” Mr. Chowdhry said Adobe was overpaying. He said $12 to $13 a share, rather than $21.50, would have been a fair value.
It’s some consolation to those of us who were always fans of Omniture to see Adobe “overpay” to acquire them.
As I said on Twitter yesterday, though, I mainly there’s still an Omniture Summit in 2010. I look forward to that conference all year long.