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Avid Technology, Inc. Message Board

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  • wheresthefood wheresthefood Aug 31, 2000 2:45 PM Flag

    AVID retained more value since 03/16/00

    Thanks for the chuckle. I assume you're joking

    that we shouldn't be concerned because Avid
    hasn't
    lost quite as much value as the 4 other
    stocks in
    Munster's basket. Does Munster still
    have a job? Great
    picks, eh?

    All in all, I'm hoping Avid recovers
    to the 20s
    by the spring. That would be a
    dramatic enough
    increase for me.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • about l4v's post? It's simply that the industry
      has been weak, that far from all the usual
      nit-picking about AVID's particular problems, they're in fact
      doing better than their peers.

      Do wish I'd
      bought some PCLE, though...

      • 1 Reply to cndwjdb
      • Looking4Value, thanks for all the time and
        research in comparing the historical value of Avid shares
        and the share value of its peers since March 16,
        2000.

        cndwjdb, commenting on L4V's post, made a good point when
        he said, "Avid in fact is doing better than their
        peers".

        Avid and its peers are traded on the NASDAQ and they
        were all bruised since that guy Munster made his
        predictions back in March 2000. In fact the entire NASDAQ has
        been bruised since last Spring!

        As
        Looking4Value observed, AVID has kept more of its value since
        last Spring than Autodesk, Media, Pinnacle or
        Liberate! When the NASDAQ pops back and maintains its
        strength for a sustained period of time, I believe Avid,
        because of its present value in comparison to its peers,
        will surpass the share price of 21 7/8 that it
        established on March 16, 2000 when US Bankcorp Piper Jaffery
        was prematurely optimistic on the entire
        industry!

        Avid surpassed analyst's predictions during 1Q2000 and
        2Q2000 and will do so IMHO during 3Q2000 and 4Q2000. The
        past has been tough for Avid Technology but the future
        will be better, especially when the restatement of
        prior earnings have been completely
        digested!

        Disclosures: I am long on AVID.
        Short term: BUY
        Long
        term: BUY

        I suggest everyone disclose their
        positions after their post!

 
AVID
15.795+0.055(+0.35%)12:40 PMEST

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