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Technology Stocks : Avid Technology

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To: BMcV who wrote (579)	10/21/1998 6:59:00 PM
From: sandbag	Read Replies (1) of 777

You were right. I was looking at today's Briefing.com earnings, which now has changed to .03 (including charges?) from .33 They (but what do they know?) state that the estimate includes the charges. "Avid Technology (AVID) 14 unch: developer of digital audio and video tools reports Q3 net of $0.30 a share excluding charges, vs a yr-ago profit of $0.34. According to a First Call survey of six analysts, AVID was expected to earn $0.04. However, analysts were including a previously announced pre-tax charge of $193.7 in their estimate. Thus, AVID did not post the blow-out qtr that the operating figure would suggest" Regards and luck Sandbag PS The 193.7 is in millions.

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