As of today, Adobe's share price hasn't had a big recent drop.
Maybe insiders believe Google or Apple are really going to acquire them, just to get Flash.
Because looking at the latest release Adobe Reader knows Adobe is a disaster today. It's not just me, try Googling on "when did adobe go downhill"?
I'd guess they went off the rails a year or two before my adobe download manager post, so maybe January 2005. It would be interesting to know what happened then. Did some key people vest options and leave? What executive shuffle occurred?
I won't be installing Adobe Reader 9 anywhere. I removed Adobe products from my OS X machines about a year ago, and life has been quite a bit nicer since. (Sure Adobe's photo editing apps are sweet, but they also show doom. How hard would it be to QA the app as a non-admin user?)
On XP I'm on Adobe Acrobat full (no reader). Eventually the gross security measures will force a reader update, at which point I'll switch to an open source alternative for ISO-standard PDF. I'm sure Microsoft will supply something, they're in far better shape than Adobe.