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Technology Stocks : Avid Technology -- Ignore unavailable to you. Want to Upgrade?


To: Tenpole who wrote (540)7/8/1998 10:13:00 PM
From: David Kuspa  Read Replies (1) | Respond to of 777
 
I've seen this happen before, when investors wised up and saw that the Avid's growth just couldn't match the hype. I'd bet that the coming quarter's results are not going to be very impressive.

Avid's hovering around $30 now, not many weeks since I warned this thread that it was way overvalued at $46. At least the P/E is coming back down to earth, but there's more room for it to fall further.

Good luck,
D. Kuspa