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Technology Stocks : Avid Technology
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To: Vanni Resta who wrote (244)5/13/1997 3:52:00 PM
From: John Veltheer   of 777
 
Vanni: I am in for at least four weeks. Barring any disasters I will hold AVID short until the next earnings announcement. If they come in with another 3-8 cents then they don't have a hope in hell of making more than 25 cents in 1997. If so the market will not tolerate a p/e of 80 or higher. I am banking on such a scenario.

My dream is a loss next quarter and the stock drops to $5 ala DSLGF, NETM etc etc.

JEV
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