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 Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!