Adobe's hosted CoCoMo service released as public beta

18.11.2008

"Clearly we do see we're in a financial crisis, and this will have a short-term impact on Adobe's business," Adobe President and CEO Shantanu Narayen told reporters after Lynch's speech. The company is limiting new hires "dramatically," although it is still adding some staff, added CFO Mark Garrett.

But both executives argued that Adobe will be a stronger company in the long term if it builds a more diverse business now.

ends Wednesday.