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Technology Stocks : Avid Technology

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To: Jay King who wrote (747)	2/4/2000 10:26:00 AM
From: Wally Mastroly	Read Replies (1) of 777

RESEARCH ALERT - Avid EPS estimates trimmed by Piper Jaffray: NEW YORK, Feb 4 (Reuters) - U.S. Bancorp Piper Jaffray analyst Gene Munster trimmed his earnings per share outlook for Avid Technology Inc. (NasdaqNM:AVID - news) on Friday. -- fiscal 2000 cash EPS estimate cut to a loss of 3 cents from a profit of 15 cents. -- kept neutral rating. -- price target $18. -- called fourth-quarter EPS "slightly below plan." -- said company "inching towards profitability." -- said "fundamentals visibility still lacking."

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