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Avid Technology, Inc. Message Board

  • davidsmall634 davidsmall634 Aug 9, 2012 10:14 AM Flag

    If you think Gary and Ken have a clue...

    Get a clue Avid people!!!

    These two scumbags want nothing else than to sell this company to the highest bidder, make several millions each and then watch as the people who made the company great file for unemployment

    These two f*ckwits are not capable of running a Carl's Jr franchise. Why does the board put up with them? Because the board could not organize a drinking competition in a brewery...

    I hope someone on the board gets sued for dereliction of stewardship duties. How could you allow morons like Greenfield and Sexton o trun this once proud company into the ground?

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    • Historically, Avid's first and second quarters are always painful.

      There are two major tradeshows, NAB in Las Vegas at Easter and IBC in Amsterdam in September.

      Nobody in US buys anything in the first quarter as they are all waiting for the NAB annoucements. They start to firm up their buying decisions and wait for the new budgets to start up after 1st July.

      As for Europe, no one is buying until IBC. Then we get to see if the NAB promises turn into real products.

      In the 4th quarter it is a buying frenzy as those with budgets that close in December must buy spend their money and those with a July budget are ready to make a purchase.

      So look for a better 3rd quarter and a stronger 4th quarter.

      Now the European ecomony is about to go into the tank, the double dip recession is about to bite and if the Euro against the Dollar weakens then that will affect Avid's bottom line. And the US elections in November could upset a lot of 2013 planning (but then it could do the opposite). So I am a soft buy on Avid.

      It has tested the 'lows' of $7 and sustained that for some time. It seems to be resting at $8.5 looking for a new floor.

      The only movement I can see is up and I like $11.50.

      As for selling the company? I have heard this knocked for a long time. Even Jim Cramer thought that HP would 'snap up' Avid. Any broadcast (Grass Valley, Thomson, Sony) or computer company (Dell, HP) does not have the money to buy anything.

      Unless it is someone like Google, with more cash than sense, I don't see a buyer around.

      Maybe you can tell me who you think that the board are trying to sell to?

 
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7.450.00(0.00%)Jul 29 3:56 PMEDT

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