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Avid Technology, Inc. Message Board

  • sugarr_daddy sugarr_daddy Apr 24, 2003 11:02 AM Flag


    Gee, I was casually reading Avid's recent 10k and learned, by reviewing the schedule on reserves, that a net $6,379,000 was added to income by - YOU GUESSED IT - reducing reserves.


    It seems last year's net income of just $2,999,000 would have actually been a whopping LOSS of $3,380,000 without this fantastic smoke & mirrors adjustment.

    And the Numskulls thought Avid was out of tricks.

    Much more may be seen by the educated/seasoned eye.

    NOW! Back to your cubilcles!

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10.45+0.11(+1.06%)Sep 19 3:57 PMEDT

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