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Air of crisis at Macromedia

There is an air of crisis in Macromedia. The company known in the Mac world for some products of absolute importance in the graphics area, but which now rests most of its fortunes on the tools for creating Internet sites and interactivity and multimedia on the Web yesterday posted tax results well in fact, profits halved compared to the same quarter of last year, distributing 15 cents to its investors, five less than those forecast by the analysts. Not only are the higher than expected operating costs and the costs of incorporating Allaire causing the setback, but also a market that has become smaller and less profitable.Now Macromedia, which continues to be confident for the future, is planning a series of measures to reduce expenses. The first to fall will be 200 jobs; the company will reduce its employees from 1900 to 1700. Then some offices and sectors that are not essential to the activity will be closed. The effects of the announcements of the evening immediately affected the actions of Macromedia. In the after bell, prices fell by over 6% after a 1.5% increase over the regular market