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

To: BMcV who wrote (562)	10/6/1998 4:57:00 PM
From: BMcV	Respond to of 777

AVID to unveil Avid Xpress for Windows NT biz.yahoo.com This is one of the new products due in the 4Q that customers (the company claims) have been waiting for, and it will ship 4-6 weeks into the quarter: >>Avid Xpress for Windows NT is scheduled to begin shipping in early November 1998 through Avid's worldwide reseller network. USMSRP for Avid Xpress is $24,999 with the Deluxe Bundle and $39,999 with the Elite Bundle. USMSRP for the 16:9 Editing Option and the Avid Xpress Matchback Option are $4,999 and $3,000, respectively. Avid is planning an upgrade program for current MCXpress(TM) users who want to upgrade to Avid Xpress for Windows NT, with details announced in late October.<<

To: BMcV who wrote (562)	10/6/1998 7:55:00 PM
From: A. Fineigler	Read Replies (1) \| Respond to of 777

Bruce, I agree that the margin decline is a major nasty surprise that has probably been the main contributor to the price decline. Everyone expected a revenue slowdown as people delayed orders waiting for the next generation systems in Q4. Perhaps some very aggressive discounting was done in Q3 to keep revenues flowing. I don't know. The downward move took me by surprise (although luckily I had a stop loss order that got me out the day before at 23 - I was very lucky). Because of the margin surprise, I'm a little skittish about getting back in, even at this price, until I know what is going on. At the risk of missing a price jump, I will probably wait until the earnings conf. call to hear an explanation of what is going on before considering buying back in. AF