Arsenal ace out for MORE than two months, reveals Arsene Wenger

first_imgArsenal manager Arsene Wenger has confirmed that Tomas Rosicky will be out for longer than two months.The Czech’s agent revealed on Wednesday that the midfielder had undergone surgery on his knee and the 34-year-old is now set for a prolonged period on the sidelines.In better news for the Gunners, Hector Bellerin is fit again and in contention for Sunday’s trip to Crystal Palace after missing the opening day defeat to West Ham.“Tomas [Rosicky] has had surgery on his knee,” Wenger told Arsenal.com.“His agent said he will be out for one or two months, but it will be longer. How long exactly, we don’t know yet.“Hector Bellerin is back and is available for Sunday, Danny Welbeck is making good progress, but is still not available.” 1 Tomas Rosicky last_img

Adobe stocks rise as revenue soars

first_imgAdobe, which employs 5,879 workers, hired more than 200 workers in the quarter and expects most to work in research and development positions. The company spent $130.4 million on R&D in the third quarter, up from $94.6 million in the year-ago quarter. The company inked a distribution deal with Google Inc. to include Google Toolbar with some of its products. The company also announced that Viacom Inc., parent of MTV and Comedy Central, would use Adobe software.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! SAN FRANCISCO – Adobe Systems Inc., which makes publishing and design software for digital documents, easily beat Wall Street’s expectations Thursday when it reported that third-quarter profit declined, but revenue soared nearly 24 percent. The announcement helped push the stock up $2.35 in after-hours trading. Adobe shares closed Thursday at $33.65, up 12 cents from Wednesday on the Nasdaq Stock Market. Net income for the three months ended Sept. 1 declined 35 percent to $94.4 million, or 16 cents a share, from $144.9 million, or 29 cents, in the same quarter of last year. Sales were $602.19 million, up from $487.04 million last year. Adobe closed its $3.4 billion purchase of Macromedia Inc., which makes Web software, in December. The company disclosed Thursday that it spent $70 million in the third quarter on direct and indirect acquisition costs. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe joys and headaches of holiday travel: John PhillipsExcluding costs for that acquisition, stock options and other expenses, profit was $171.5 million, or 29 cents per share in the previous quarter. Analysts were expecting Adobe to earn $152.52 million, or 26 cents per share, on revenue of $595.12, according to a Thomson Financial poll. “We’re seeing an explosion of digital content and we’re poised to capitalize on that,” Chief Operating Officer Shantanu Narayen said in a phone interview Thursday after the earnings announcement. Piper Jaffray analyst Gene Munster called the report for the third quarter “great news.” He was impressed with revenue from Adobe’s “creative” products division, which represents nearly 60 percent of sales and includes software titles such as Photoshop, Illustrator and Flash. The division was responsible for $328.1 million in quarterly sales, down from the $357.3 million in the second quarter but a strong performance for the third quarter, traditionally the weakest of the year. “People were worried, particularly about the creative products,” Munster said. “These results show that, despite the fact that there’s a slowdown, demand is still strong.” last_img read more