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

To: BMcV who wrote (662)	2/5/1999 8:33:00 AM
From: BMcV	Respond to of 777

Today's Boston Globe has no story on the spectacular earnings, but it does have this: "AVID TECHNOLOGY MAY ADJUST QUARTERLY INCOME. Avid Technology of Tewksbury reported earnings and said the company is evaluating whether to adjust a third-quarter pretax charge of $193.7 million from the Softimage acquisition. The company said it might adjust the third-quarter charge to comply with the SEC's recent views of how to account for acquired in-process R&D. The company is discussing the possible change with its independent auditors. Avid added that any adjustment won't hurt the company's financial condition or liquidity. The change would likely result in a significantly lower third-quarter charge and the creation of goodwill that would be amortized beginning in the third quarter." So much for the hometown advantage.

To: BMcV who wrote (662)	2/5/1999 8:38:00 AM
From: BMcV	Read Replies (1) \| Respond to of 777

CC summary from Yahoo board: messages.yahoo.com@m2.yahoo.com "I was on the conference call and everything was positive. The analysts were all positive, and one even said on a worst case scenario, the restatement would make this quarter around 40 cents which still blew away their estimates!!! Going forward, the company reported that revenues will be very strong compared to last year and are forcasted 20+% growth for the year with low 60's% gross margins. I equate this to between $1.90 and $2.10 a share for 1999. This is a solid story with a new twist.." forward guidance of 20% revenue growth is very very good news, since soft revenues have been the weak spot in the AVID story. current bid 31