Dear Mr. Kuspa:
I am confused: you say, "...I find it unsettling that so much of their [Avid's] quarterly sales are recorded this late in the quarter...". Yet, on May 7, 1997, you had said, in a message regarding an Avid competitor called Media 100, "He [the CFO] did say that greater than 50% of their [Media 100's] sales occurred in the final month of February, and since February is a short month, I take this as an encouraging sign." I still own Avid's stock; should I be unsettled or encouraged?
Marguerite
P.S. I looked in the Edgar site at the Avid 10-Q you just mentioned and saw that, as I had wondered in my message #224 to you, Avid's Accounts Payable increased only from $25.3 million at December 31, 1996 to $26.1 million at March 31, 1997. It turned out to be the Accrued Expenses and Income Taxes Payable that jumped up. |
