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Technology Stocks : Avid Technology

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To: BMcV who wrote (562)	10/6/1998 7:55:00 PM
From: A. Fineigler	Read Replies (1) of 777

Bruce, I agree that the margin decline is a major nasty surprise that has probably been the main contributor to the price decline. Everyone expected a revenue slowdown as people delayed orders waiting for the next generation systems in Q4. Perhaps some very aggressive discounting was done in Q3 to keep revenues flowing. I don't know. The downward move took me by surprise (although luckily I had a stop loss order that got me out the day before at 23 - I was very lucky). Because of the margin surprise, I'm a little skittish about getting back in, even at this price, until I know what is going on. At the risk of missing a price jump, I will probably wait until the earnings conf. call to hear an explanation of what is going on before considering buying back in. AF

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