TORONTO -- (Marketwire) -- 08/31/10 -- The Bedford Report analyst team is looking at the Application Software Industry and has issued Analyst Reports on Microsoft Corporation (NASDAQ: MSFT) and Adobe Systems Incorporated (NASDAQ: ADBE). Access to the full company reports can be found at www.bedfordreport.com.

In recent months the Technology Sector has become a hotbed of Merger and Acquisition activity. As companies get larger and experience diminishing returns in their core business, they are showing their willingness to utilize their large resource pools to acquire smaller companies in a race to diversify themselves. Given the limited opportunities for meaningful acquisitions, the companies in stronger financial positions, and the willingness to act, stand to gain the most from such activities.

Like you, we realize that timing is everything. We release daily market updates so you can stay ahead of the crowd and make the best investment decisions to maximize your returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

In its last quarterly financial results Microsoft beat analyst estimates and reported Earnings per Share of $0.51 on Revenue of $16.04 billion. Average analyst estimates rate the stock as a buy, and with a Price to Earnings multiple of around 11, which is well below the industry average of 17, the company's stock appears to be a value investment opportunity. Adobe last reported quarterly Earnings per Share of $0.28 on revenue of $943 million. Average analyst estimates rate the stock as a buy.

Investors can get copies of the full analyst reports on Microsoft and Adobe by registering for free at www.bedfordreport.com.

The Bedford Report has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.php