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Technology Stocks : Avid Technology
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To: Wally Mastroly who wrote (697)4/22/1999 4:55:00 PM
From: BMcV   of 777
 
Yeah, my guess was 27 cents, (your whisper number was 22), so it doesn't look good for tomorrow. On the other hand, the stock wasn't trading like anyone really believed the "whisper" anyway.

Gross margins improved, but R&D was up 20% and Selling and Marketing expense also up nearly 20%. Those two items were what killed the quarter, besides revenues being a bit weak.

Looks like the string of upside surprises is over. And unfortunately that usually means a string of downward ones.
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