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Technology Stocks : Avid Technology
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To: John Veltheer who wrote (290)6/30/1997 8:35:00 PM
From: Vanni Resta   of 777
 
AVID looked very good for a while (at 20 when I said it was a good buy, and then it ran to 27), and now it does not look so good, on the basis of revisions in recommendations by analysts. I don't expect it to tank. The recommendations were knocked down because price targets were met, not because of bad news. I just don't think we will see another run like the one from 20 to 27.

It's pe is not 80 and its growth rate is not 10%. And investing is never a matter of simple math.

Happy Investing!

Vanni
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