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

To: cirrus who wrote (660)	2/4/1999 5:43:00 PM
From: BMcV	Read Replies (1) \| Respond to of 777

gee, Tom, just looked at your profile and it looks like you should be telling me what they meant by "tax-effected earnings" and all the rest! I can't think why they'd use a neologism when there is already perfectly good terminology. Maybe it's not as simple as I make it? But I can't imagine what else they'd mean, given its place on the income statement.

To: cirrus who wrote (660)	2/4/1999 5:50:00 PM
From: BMcV	Read Replies (2) \| Respond to of 777

more details on the 3Q charge: biz.yahoo.com Thursday February 4, 5:01 pm Eastern Time Avid delays reporting net income TEWSKBURY, Feb 4 (Reuters) - Avid Technology Inc (Nasdaq:AVID - news) said Thursday it would not report fourth quarter net income until it fully evaluates adjustments related to its acquisition of Softimage Inc in the third quarter. Avid said a new view on valuation methods by the Securities and Exchange Commission has led to a reevaluation on how Avid took a one-time pre-tax charge of $193 million in the third quarter for purchased in-process research and development (IPR&D). Avid, which reported fourth quarter earnings on Thursday, said the new methodology would likely result in lower IPR&D charges. For the year, the digital audio and video tools provider reported record income of $40.1 million, or $1.56 per diluted share, before charges associated with the Softimage buy. The results compare to the $26.4 million, or $1.08 per share, reported for 1997. For the fourth quarter, Avid reported $15.2 million, or $0.57 per diluted share, compared to fourth quarter 1997 results of $9.3 million, $0.37 per share.