TOP STORY
Adobe agreed to buy Macromedia for $3.4 billion in stock, in a deal that would create a software company with broad ability to distribute media to PCs, cellphones and hand-held devices.

Acquisitions are on the rise and the order of the day is to acquire your competitor and get his market share. Though the compaq taker over was not very successful for HP.. it was due to the fact that the products of the merger was not strategically aligned by HP. Whereas Macromedia take over appears to be promising for Adobe. In time we will know.