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Technology Stocks : Avid Technology

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To: orson sanderson who wrote (408)10/19/1997 1:14:00 AM
From: Sultan   of 777
 
I typically buy for a 3 year time horizon so 10 years, well, is certainly a longgggg time frame. But looking at the numbers now, roughly, this company is trading around 1 time revenue and 2 times book or there about. With strong balance sheet, a lot of cash on hand with management who is pretty tight on control in terms of inventory and what have you, this is as good as it gets in terms of management. As for the technology, well, if you trust the management to be adaptable then I'd say odds are in your favour over 2-3 years.

On the other hand, the market might make this stock even cheaper (although could not resist to pick up some on Friday) by the time they report earnings, which I thought was last week based on the date I saw on Avid's web site. Any one know the date ?
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