Software companies inevitably sow the seeds of their own destruction. If a company develops a good product and "proves" that a market is lucrative, competition is sure to come running. Worse still, big companies are by their very nature not as nimble or risk-tolerant as start-ups, so there is always a host of wannabes nipping at the heels of successful companies.
Despite all of that, Adobe (Nasdaq:ADBE) has managed to become the acknowledged top dog in a market segment that is still poised for strong growth. Better still, the company seems to be navigating the latest prophecies of doom pretty skillfully.
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http://stocks.investopedia.com/stock-analysis/2010/Adobe-Not-Stuck-In-The-Mud-ADBE-AAPL-MSFT-GOOG-RIMM-NOK-PALM0623.aspx
