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Technology Stocks : Avid Technology
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To: A. Fineigler who wrote (557)10/5/1998 10:20:00 AM
From: BMcV  Read Replies (2) of 777
 
Looks like we got our price under $15. Now trading around $13, in fact. What the market may be reacting most strongly to (at least what caught my eye in the warning) was less the revenue shortfall than the declining margins. Revenue is not really that bad, $112-114 million is flat compared to the last quarter of $112.9 million, but they are calling for only a "modest" profit, when those same revenues carried a robust profit before. What do you about this?

Bruce
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