I took this off my subscription to Red Herring Direct, which just hit newsstands. I only put the begining up
Avid is is continuing to consolidate at the 29 level. Considering this market, it seems to be performing very well. I imagine that anyone holding now is a long term investor, as momentum traders are waiting for a break out.
with regard to the previous post, when a company lowers product prices, that tells me they aint selling any, which gives me more confidence in AVID
When are earnings reported?
Additionally there was news of working with ADPT Adaptec.
NONLINEAR THINKING
Shifting platforms, falling prices,
and customer approval have put
nonlinear editing back in
production, analysts say.
By Andrew P. Madden
Avid Technology is generally recognized as the
leader of the nonlinear editing market. This year,
its stock has ranged from $9 to as high as $38 per
share (Nasdaq: AVID). Avid's $29 swing tells the
story of an erratic space.
Companies like Avid, which at this writing trades
at around $30, produce the software that lets TV
studios, postproduction houses, high-end ad
agencies, and corporations create and manipulate
digital video content. Nonlinear systems allow
greater flexibility in the video editing process. As
the name suggests, an editor doesn't have to do
everything in a straight line as with analog, or
tape-based, editing systems.
This month's analysts explain that despite the
checkered pasts of nonlinear editing companies
like Avid, Discreet Logic, Media 100, and
Pinnacle Systems, several factors have now
combined to bring these companies back into
favor--with both customers and investors.
Rewind, pause, fast-forward
According to Gene Munster of Piper Jaffray, the
nonlinear editing market has always suffered from
a certain amount of cyclicality, or what industry
insiders call "video recessions." The Wall Street
fits and starts are attributable, in part,to inflated
expectations. Despite the fact that nonlinear
editing suites are generally faster, easier to use,
and equipped with more features than tape-based
systems, "only 20 percent of the editing |
