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Technology Stocks : Avid Technology

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To: Justa Werkenstiff who wrote (199)	4/22/1997 9:22:00 AM
From: David Kuspa	of 777

Tom, I think you made a very wise decision. Avid continues to run up beyond any realistic expectation I can discern, unless there is some inside info going around the institutionals. This pop feels like the ones in 3/96 and 8/96, which were overly optimistic and were beaten back in short order. Traders must be valuing Avid based on '98 earnings estimates of $0.80, with an annualized growth rate of 20% over the next 5 years. Based on a PE of 20, that would put the stock at around $16.00/share. Briefing.com says Avid will post its quarterly results tomorrow, April 23 after the close of market. D. Kuspa

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