furuta@MIMSY.UMD.EDU (Richard Furuta) (07/04/86)
The following press release just came in over my (electronic) transom and I thought it might be of general interest. --Rick Adobe Systems Files Registration with SEC For Initial Public Offering of Shares Palo Alto, Calif., [July 2, 1986]: Adobe Systems Incorporated filed a registration statement today with the Securities and Exchange Commission for its initial public offering of common stock. The company plans to offer 500,000 shares of common stock at the anticipated price of between $10 and $11 per share. The offering will be managed by Hambrecht & Quist Incorporated. Adobe Systems licenses PostScript (R), a page description language, to computer, printer, and typesetter manufacturers. PostScript has been described as the industry standard for text and graphic output on laser printers in the burgeoning industry of desktop publishing. In slightly over a year and a half Adobe has OEM agreements with such major corporations as Apollo Computer, Apple Computer, Dataproducts Corporation, Digital Equipment Corporation, Linotype Company, NBI, QMS, Prime Computer, Sun Microsystems, Texas Instruments, and Wang Laboratories. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration of qualification under the securities laws of any such state. A preliminary prospectus may be obtained from Hambrecht & Quist Incorporated, 235 Montgomery Street, San Francisco, California (415) 576-3300. PostScript is a registered trademark of Adobe Systems Incorporated.