Kevin Lynch Apple: Apple to Welcome Former Adobe CTO

Kevin Lynch Apple: There is no denying the fact that Apple Inc. (NASDAQ:AAPL) is always on the lookout for the top talent in the industry. For this reason, the Cupertino-based company will spend a lot of money acquiring start-ups with bright minds. Apple will also reach out to top executives at other tech companies. This time around, it was Adobe CTO Kevin Lynch.

A Leading Company Cheaper Than 90% Of Blue Chips... And It Recently Bounced 12%Apple Inc. (NASDAQ:AAPL) is actually the smart money’s second favorite publicly traded company but hedge funds have started dumping Apple Inc. (NASDAQ:AAPL) in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).

CNBC first reported the news here. This article states that Lynch will be joining Apple Inc. (NASDAQ:AAPL) as VP of Technology. While many may wonder if this was a good decision, it is safe to say that a lot of people, Lynch included, dream of working for Apple.

Adobe provided a statement to The Next Web, which reads as follows:

“Kevin Lynch, Adobe CTO, is leaving the company effective March 22 to take a position at Apple.  We will not be replacing the CTO position; responsibility for technology development lies with our business unit heads under the leadership of Adobe CEO Shantanu Narayen.  Bryan Lamkin, who has recently returned to Adobe, will assume responsibilities for cross company research and technology initiatives as well as Corporate Development.  We wish Kevin well in this new chapter of his career.”

As most would expect, Adobe did not come across as upset or angry. After all, it is nice to see employees move on to other companies that offer better opportunity. That being said, Lynch is one of the brightest minds in the industry and no company wants to lose that.

Many are not aware of the current tension between Adobe and Apple Inc. (NASDAQ:AAPL). The same The Next Web article adds the following:

“Tension has long existed between Adobe and Apple, particularly thanks to Steve Jobs’ decision to not support Flash on Apple’s highly popular iOS devices. Apple’s move greatly accelerated open Web standards support for HTML5 video and led developers to explore relying solely on JavaScript and CSS3 for interactivity.”

Do you think Lynch made a good move joining Apple? Share your thoughts in the comment section below.

Check back here for more updates on Kevin Lynch Apple.

DISCLOSURE: I have no positions in any stock mentioned.

For more news, visit these pages:

Apple Inc. (AAPL) can’t be Trusted in the Courtroom?

A Political Bill for Increased Apple Inc. (AAPL) iPad Usage on Airplanes

Apple Inc. (AAPL) Wins Patent Lawsuit Against Samsung in UK

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!