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Technology Stocks : Avid Technology

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To: Patrice Gigahurtz who wrote (82)2/6/1997 6:45:00 PM
From: A. Fineigler   of 777
 
Heard through the grapevine ...

Avid Q4 was a loss of 5 cents, discounting one time charges, -23c including one-time charges.

Avid is forecasting top-line revenue growth of 10-20% in 1997, and no increase in expenses. Implication is that the company will generate healthy profits in 1997.

I don't know how reliable my source is - press release should be out some time tonight.

AF

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