As Adobe Buyout Rumors Grow, The Firm's Co-Chair Sells 20,000 Shares

Who will buy Adobe Systems Incorporated

? Anyone? The rumor mill pegs Microsoft

or Apple

as being the prime candidates for an Adobe acquisition – the former because it needs Adobe, the latter because it reportedly has plenty of cash to share. Despite the rumors – or perhaps in spite of them – John E. Warnock, co-chairman of Adobe,

20,000 shares at an average price of $27.54. This could mean that the rumors have been greatly exaggerated, and that Warnock was already planning to sell his shares, since accurate insider information would prevent him from going through with the sale.