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To: Wally Mastroly who wrote (536)6/18/1998 7:58:00 PM
From: Sultan  Read Replies (1) | Respond to of 777
 
Following is part of the response from IR at AVID.

Regarding the insider selling this is not what its seems. These officers had restricted stock as part of their compensation that vested and therefore becomes taxable upon vesting and so what many chose to do was sell the equivalent amount of shares to cover the tax effect. This was highlighted on a conference call hosted by the Prudential securities today. Please take the time to listen to our conference call the # is 402-220-0839