Opinion ID: 653198
Heading Depth: 5
Heading Rank: 3

Heading: Adobe's Four New Products

Text: 34 Adobe had launched four new products that would produce additional revenues in the last three quarters of fiscal 1990. No evidence in the record shows that Adobe did not reasonably believe its new products would generate higher earnings. See Hanon, 976 F.2d at 501. Optimism for the earning potential of these new products was later substantiated by the profits they generated in fiscal 1990. Adobe Photoshop generated $6.5 million; Adobe Type Manager Windows Version generated $1.5 million; Adobe Illustrator 1990 Revision generated $5 million; and a PostScript cartridge available to consumers owning the HP LaserJet II printer generated $3 million. 35 In sum, any one of the three undisputed facts showing Adobe's revenues would increase in fiscal 1990 provide a reasonable and realistic basis for Nakao's $2.10 earnings estimate. These facts render any factual dispute about the alleged understatement of Adobe's costs in Q1 immaterial. Adobe's implied factual assertion that there was a reasonable basis for the $2.10 estimate was not inaccurate. See Hanon, 976 F.2d at 501. 36 We conclude that the plaintiff has failed to present a genuine issue of a material fact to dispute that there was a reasonable basis for Nakao's belief in his $2.10 per share earnings estimate.