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Avid Technology, Inc. Message Board

  • afitzho afitzho Jan 21, 2009 7:07 PM Flag

    BANKRUPTCY.........

    A very real possibility............burning through their cash, debt payments coming do, sales dwindling, FCP taking more and more of their market share.

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    • I'd recommend you do some 101 financial training before start a thread like this. In the current climate it's not helpful. I also don't think you understand the scope of Avids business. The majority of Avids business is not in competition with FCP, FCP is in competition with just a part of Avids portfolio. Avid also have audio products, news and transmission products. They deliver large systems to customers such as NBC and CBS. So it incorrect to characterize their business as a failing one trick pony. Having said that they're not having an easy time of it, (who is?). I think the honeymoon is over for the new management team who have been in place for over a year now. I'm concerned they haven't been able to give guidance for the current quarters revenue. Some analysts ( at the low end ) target Avid stock at $6, the median is around $10. If the revenue is again weak this Q, I guess the stock could test these lower levels, however the flip side is Avid also becomes a more interesting stock.
      There is also a lot to be said for corporations that actually have cash in the bank......

    • you should take a financial course so you can learn to read financials. this company has a solid balance sheet with no debt and load of cash in the bank.

    • Avid Tech misses by $0.32, misses on revs Reports Q4 (Dec) loss of $0.25 per share, ex-items, $0.32 worse than the First Call consensus of $0.07; revenues fell 20.0% year/year to $206.7 mln vs the $221.6 mln consensus.

 
AVID
7.70+0.20(+2.67%)Jul 24 10:49 AMEDT

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